Townsend & Associates Inc Makes New Investment in AerCap Holdings (NYSE:AER)

Townsend & Associates Inc bought a new stake in AerCap Holdings (NYSE:AER) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 183,219 shares of the financial services provider’s stock, valued at approximately $17,527,000. AerCap makes up approximately 1.8% of Townsend & Associates Inc’s investment portfolio, making the stock its 22nd largest position.

Several other hedge funds and other institutional investors have also modified their holdings of AER. Private Advisor Group LLC lifted its stake in AerCap by 12.0% in the 1st quarter. Private Advisor Group LLC now owns 5,172 shares of the financial services provider’s stock worth $449,000 after acquiring an additional 555 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of AerCap by 6.8% in the first quarter. Nordea Investment Management AB now owns 18,025 shares of the financial services provider’s stock worth $1,574,000 after purchasing an additional 1,143 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of AerCap by 21.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 12,437 shares of the financial services provider’s stock worth $1,081,000 after purchasing an additional 2,157 shares during the period. Quantbot Technologies LP purchased a new position in AerCap during the first quarter valued at approximately $1,710,000. Finally, Oppenheimer & Co. Inc. acquired a new position in AerCap in the 1st quarter valued at approximately $1,475,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AER. Deutsche Bank Aktiengesellschaft increased their price objective on AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Susquehanna lifted their price target on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a report on Friday, August 2nd. TD Cowen restated a “buy” rating and issued a $125.00 price objective on shares of AerCap in a report on Monday, July 29th. Finally, Barclays lifted their target price on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, AerCap has an average rating of “Moderate Buy” and a consensus target price of $110.83.

AerCap Stock Performance

Shares of AER opened at $97.52 on Friday. The company has a market capitalization of $19.30 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 2.12 and a beta of 1.83. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. AerCap Holdings has a one year low of $65.34 and a one year high of $99.68. The company’s fifty day moving average price is $94.94 and its 200 day moving average price is $93.04.

AerCap (NYSE:AER) last released its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.41. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the firm posted $2.81 EPS. The company’s revenue was up 3.0% on a year-over-year basis. As a group, analysts expect that AerCap Holdings will post 11.26 earnings per share for the current year.

AerCap Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Wednesday, November 13th. AerCap’s dividend payout ratio (DPR) is presently 7.92%.

About AerCap

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.