AerCap Holdings (NYSE:AER) Shares Sold by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC lowered its holdings in AerCap Holdings (NYSE:AER) by 29.8% in the third quarter, Holdings Channel.com reports. The firm owned 74,209 shares of the financial services provider’s stock after selling 31,541 shares during the period. Mizuho Markets Americas LLC’s holdings in AerCap were worth $7,029,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Castle Hook Partners LP purchased a new stake in AerCap during the first quarter valued at about $94,062,000. Assenagon Asset Management S.A. grew its stake in AerCap by 176.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 753,267 shares of the financial services provider’s stock valued at $71,349,000 after purchasing an additional 480,551 shares in the last quarter. Point72 Asset Management L.P. grew its stake in AerCap by 182.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 663,587 shares of the financial services provider’s stock valued at $61,846,000 after purchasing an additional 428,487 shares in the last quarter. Wedge Capital Management L L P NC grew its position in shares of AerCap by 3,568.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 427,756 shares of the financial services provider’s stock worth $40,517,000 after acquiring an additional 416,096 shares in the last quarter. Finally, Davidson Kempner Capital Management LP acquired a new position in shares of AerCap in the 2nd quarter worth approximately $31,688,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Stock Up 0.1 %

AER opened at $95.22 on Friday. AerCap Holdings has a one year low of $66.34 and a one year high of $99.68. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The stock’s fifty day moving average is $95.19 and its 200-day moving average is $93.39. The company has a market capitalization of $18.85 billion, a PE ratio of 7.55, a P/E/G ratio of 2.13 and a beta of 1.83.

AerCap (NYSE:AER) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.41. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.92 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.81 EPS. On average, equities analysts predict that AerCap Holdings will post 11.26 EPS for the current fiscal year.

AerCap Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors 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 dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap’s payout ratio is 7.92%.

Wall Street Analysts Forecast Growth

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

AerCap Profile

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.