Donald Smith & CO. Inc. Has $333.92 Million Stock Position in AerCap Holdings (NYSE:AER)

Donald Smith & CO. Inc. raised its stake in shares of AerCap Holdings (NYSE:AER) by 0.7% in the third quarter, Holdings Channel reports. The fund owned 3,525,307 shares of the financial services provider’s stock after acquiring an additional 23,994 shares during the period. AerCap comprises approximately 7.9% of Donald Smith & CO. Inc.’s holdings, making the stock its biggest position. Donald Smith & CO. Inc.’s holdings in AerCap were worth $333,917,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. increased its stake in shares of AerCap by 89.9% in the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after buying an additional 134 shares in the last quarter. Mather Group LLC. increased its stake 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 buying an additional 214 shares in the last quarter. UMB Bank n.a. increased its stake in shares of AerCap by 35.5% in the third quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock valued at $63,000 after buying an additional 174 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of AerCap by 209.1% in the second quarter. Federated Hermes Inc. now owns 1,567 shares of the financial services provider’s stock valued at $146,000 after buying an additional 1,060 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of AerCap in the first quarter valued at $185,000. 96.42% of the stock is owned by institutional investors.

AerCap Price Performance

Shares of NYSE:AER traded down $1.55 during trading on Wednesday, reaching $94.17. 592,618 shares of the company traded hands, compared to its average volume of 1,444,729. The company’s 50 day moving average is $94.85 and its two-hundred day moving average is $92.48. The firm has a market capitalization of $18.64 billion, a PE ratio of 6.14, a PEG ratio of 2.13 and a beta of 1.83. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 2.69. AerCap Holdings has a 52 week low of $60.52 and a 52 week high of $99.30.

AerCap (NYSE:AER) last released its earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.60. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.89 billion. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.56 EPS. As a group, sell-side analysts predict that AerCap Holdings will post 11.33 earnings per share for the current year.

AerCap Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 14th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. AerCap’s dividend payout ratio is currently 6.51%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AER. Susquehanna raised their target price on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Friday, August 2nd. Barclays boosted their target price on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. TD Cowen restated a “buy” rating and issued a $125.00 target price on shares of AerCap in a research note on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One investment 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 currently has an average rating of “Moderate Buy” and a consensus price target of $106.43.

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.