Tyro Capital Management LLC Raises Stock Holdings in General Electric (NYSE:GE)

Tyro Capital Management LLC boosted its holdings in General Electric (NYSE:GE) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,607 shares of the conglomerate’s stock after purchasing an additional 429 shares during the quarter. General Electric makes up approximately 4.2% of Tyro Capital Management LLC’s holdings, making the stock its 10th biggest position. Tyro Capital Management LLC’s holdings in General Electric were worth $13,315,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Toth Financial Advisory Corp purchased a new position in General Electric during the 3rd quarter valued at approximately $25,000. Valley Wealth Managers Inc. purchased a new position in shares of General Electric in the third quarter valued at $25,000. O Brien Wealth Partners LLC bought a new stake in General Electric in the third quarter worth $27,000. Peterson Financial Group Inc. purchased a new stake in General Electric during the third quarter valued at $28,000. Finally, Studio Investment Management LLC lifted its position in General Electric by 97.5% during the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 78 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on GE. Wells Fargo & Company boosted their target price on shares of General Electric from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday. Bank of America boosted their price objective on General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. UBS Group raised their price objective on General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Citigroup boosted their target price on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Royal Bank of Canada lowered their price target on General Electric from $210.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $201.93.

General Electric Stock Up 1.4 %

GE stock opened at $167.09 on Friday. General Electric has a one year low of $95.92 and a one year high of $194.80. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. The firm’s fifty day moving average is $180.72 and its 200 day moving average is $172.42. The firm has a market cap of $180.84 billion, a PE ratio of 28.96, a P/E/G ratio of 1.66 and a beta of 1.17.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. The company had revenue of $9.84 billion during the quarter, compared to analysts’ expectations of $9.02 billion. General Electric had a return on equity of 18.93% and a net margin of 11.48%. General Electric’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS. On average, research analysts forecast that General Electric will post 4.24 EPS for the current year.

Insider Activity at General Electric

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the sale, the senior vice president now directly owns 148,857 shares in the company, valued at $26,539,714.53. This represents a 9.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the transaction, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. This represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

General Electric Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.