DRW Securities LLC Buys Shares of 2,295 AerCap Holdings (NYSE:AER)

DRW Securities LLC purchased a new stake in AerCap Holdings (NYSE:AER) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 2,295 shares of the financial services provider’s stock, valued at approximately $217,000.

Several other hedge funds have also recently modified their holdings of the business. Blue Trust Inc. increased its holdings in AerCap by 89.9% during 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 during the period. Mather Group LLC. boosted its position in AerCap by 230.1% during the 2nd quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 214 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of AerCap by 35.5% in the 3rd quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 174 shares during the period. First Horizon Advisors Inc. raised its position in shares of AerCap by 15.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 108 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in shares of AerCap by 209.1% in the 2nd quarter. Federated Hermes Inc. now owns 1,567 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 1,060 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lifted 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. Susquehanna lifted 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. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 target price on shares of AerCap in a research report on Thursday, November 21st. Finally, Barclays raised their target price on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. 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 MarketBeat, AerCap currently has an average rating of “Moderate Buy” and a consensus price target of $112.00.

AerCap Stock Down 1.2 %

AER stock opened at $99.09 on Thursday. 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 52 week low of $66.34 and a 52 week high of $100.81. The stock has a market capitalization of $19.61 billion, a PE ratio of 7.85, a price-to-earnings-growth ratio of 2.25 and a beta of 1.83. The firm has a 50 day moving average of $95.85 and a 200 day moving average of $93.92.

AerCap (NYSE:AER) last released its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.41. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.81 EPS. Sell-side analysts forecast that AerCap Holdings will post 11.26 earnings per share for the current year.

AerCap Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Wednesday, November 13th. AerCap’s dividend 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.