Optiver Holding B.V. Has $594,000 Stake in GE Aerospace (NYSE:GE)

Optiver Holding B.V. raised its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 1,031.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,563 shares of the company's stock after purchasing an additional 3,248 shares during the period. Optiver Holding B.V.'s holdings in GE Aerospace were worth $594,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. New Age Alpha Advisors LLC boosted its stake in shares of GE Aerospace by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock worth $25,000 after buying an additional 84 shares during the last quarter. Hager Investment Management Services LLC purchased a new position in shares of GE Aerospace in the 4th quarter worth approximately $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of GE Aerospace in the 4th quarter worth approximately $28,000. Sugar Maple Asset Management LLC purchased a new position in shares of GE Aerospace in the 4th quarter worth approximately $29,000. Finally, CBIZ Investment Advisory Services LLC purchased a new position in shares of GE Aerospace in the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

GE has been the topic of a number of research analyst reports. UBS Group boosted their target price on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $220.00 price objective on shares of GE Aerospace in a research note on Wednesday, April 23rd. Redburn Atlantic started coverage on GE Aerospace in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective on the stock. Wells Fargo & Company upped their price objective on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on GE Aerospace from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $216.92.

GE Aerospace Stock Up 1.2 %

GE stock opened at $200.89 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $215.61 billion, a PE ratio of 33.54, a PEG ratio of 2.59 and a beta of 1.04. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $214.21. The stock has a 50-day simple moving average of $194.18 and a two-hundred day simple moving average of $186.72.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.20. The business had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. On average, equities analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, March 10th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Monday, March 10th. This is an increase from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's dividend payout ratio (DPR) is 22.40%.

Insider Activity

In other news, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the completion of the sale, the vice president now owns 11,540 shares in the company, valued at approximately $2,270,264.20. This trade represents a 26.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.21% of the company's stock.

GE Aerospace Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.

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