Scopia Capital Management LP Buys 27,584 Shares of AerCap Holdings (NYSE:AER)

Scopia Capital Management LP grew its stake in shares of AerCap Holdings (NYSE:AER) by 11.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 266,439 shares of the financial services provider’s stock after purchasing an additional 27,584 shares during the quarter. AerCap makes up 5.2% of Scopia Capital Management LP’s investment portfolio, making the stock its 4th largest position. Scopia Capital Management LP’s holdings in AerCap were worth $25,237,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Janus Henderson Group PLC grew its stake in shares of AerCap by 31.1% in the first quarter. Janus Henderson Group PLC now owns 142,539 shares of the financial services provider’s stock valued at $12,382,000 after acquiring an additional 33,852 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of AerCap during the first quarter worth approximately $304,000. Swedbank AB bought a new position in shares of AerCap during the first quarter worth approximately $7,414,000. Atria Investments Inc acquired a new stake in shares of AerCap in the first quarter valued at approximately $1,187,000. Finally, Confluence Investment Management LLC boosted its stake in shares of AerCap by 3.7% in the second quarter. Confluence Investment Management LLC now owns 11,726 shares of the financial services provider’s stock valued at $1,093,000 after buying an additional 418 shares during the period. Institutional investors own 96.42% of the company’s stock.

AerCap Stock Performance

NYSE:AER opened at $99.36 on Friday. AerCap Holdings has a twelve month low of $66.72 and a twelve month high of $100.81. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The stock’s 50-day simple moving average is $96.01 and its 200 day simple moving average is $94.05. The firm has a market capitalization of $19.67 billion, a PE ratio of 7.87, a price-to-earnings-growth ratio of 2.23 and a beta of 1.83.

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

AerCap Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. AerCap’s dividend payout ratio (DPR) is presently 7.92%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AER shares. Barclays raised their price objective on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price target on AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Susquehanna upped their price objective on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 target price on shares of AerCap in a report on Thursday, November 21st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $112.00.

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.