Philadelphia Financial Management of San Francisco LLC Acquires 4,177 Shares of AerCap Holdings (NYSE:AER)

Philadelphia Financial Management of San Francisco LLC grew its stake in shares of AerCap Holdings (NYSE:AER) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 122,612 shares of the financial services provider’s stock after buying an additional 4,177 shares during the period. AerCap makes up 1.8% of Philadelphia Financial Management of San Francisco LLC’s portfolio, making the stock its 18th biggest position. Philadelphia Financial Management of San Francisco LLC owned approximately 0.06% of AerCap worth $11,614,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of AerCap by 89.9% during the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock worth $25,000 after buying an additional 134 shares in the last quarter. Mather Group LLC. increased its holdings in shares of AerCap by 230.1% in the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 214 shares during the last quarter. Truvestments Capital LLC bought a new position in AerCap in the 3rd quarter valued at about $35,000. UMB Bank n.a. boosted its holdings in shares of AerCap by 35.5% during the third quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 174 shares during the period. Finally, Transamerica Financial Advisors Inc. acquired a new position in shares of AerCap in the third quarter valued at approximately $64,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group restated a “buy” rating and set a $119.00 price objective on shares of AerCap in a research note on Thursday, November 21st. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $112.00.

AerCap Stock Down 1.3 %

Shares of NYSE AER opened at $97.14 on Wednesday. AerCap Holdings has a 1 year low of $68.00 and a 1 year high of $100.81. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $19.23 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 2.22 and a beta of 1.82. The company has a 50 day simple moving average of $96.06 and a 200 day simple moving average of $94.18.

AerCap (NYSE:AER) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, hitting analysts’ consensus estimates of $2.41. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. AerCap’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.81 earnings per share. On average, research analysts forecast that AerCap Holdings will post 11.26 EPS for the current 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 annualized dividend and a yield of 1.03%. The ex-dividend date is Wednesday, November 13th. AerCap’s payout ratio 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.