180 Wealth Advisors LLC boosted its stake in shares of AerCap Holdings (NYSE:AER – Free Report) by 7.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,219 shares of the financial services provider’s stock after buying an additional 788 shares during the period. 180 Wealth Advisors LLC’s holdings in AerCap were worth $1,074,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Darsana Capital Partners LP acquired a new position in AerCap in the 3rd quarter worth approximately $94,720,000. TOMS Capital Investment Management LP purchased a new stake in AerCap in the 3rd quarter worth about $60,526,000. Assenagon Asset Management S.A. boosted its position 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 worth $71,349,000 after acquiring an additional 480,551 shares during the period. 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 acquiring an additional 428,487 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in shares of AerCap by 3,568.6% in the third 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 purchasing an additional 416,096 shares in the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on AER. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 target price on shares of AerCap in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their price target on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.
AerCap Stock Up 0.8 %
Shares of AER stock opened at $94.90 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a 12 month low of $72.80 and a 12 month high of $100.81. The stock has a 50 day moving average of $96.23 and a 200-day moving average of $94.89. The firm has a market cap of $18.78 billion, a PE ratio of 7.52, a price-to-earnings-growth ratio of 2.17 and a beta of 1.82.
AerCap (NYSE:AER – Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting the consensus estimate 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 return on equity of 13.98% and a net margin of 32.38%. AerCap’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.81 EPS. On average, equities analysts predict that AerCap Holdings will post 11.26 EPS for the current year.
AerCap Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Wednesday, November 13th. AerCap’s dividend payout ratio (DPR) is 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.
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