Soros Fund Management LLC increased its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,589,896 shares of the financial services provider's stock after buying an additional 32,911 shares during the quarter. AerCap accounts for 2.2% of Soros Fund Management LLC's portfolio, making the stock its 7th biggest holding. Soros Fund Management LLC owned approximately 0.80% of AerCap worth $150,595,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. lifted its holdings in AerCap by 89.9% during the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 134 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of AerCap by 230.1% in the 2nd quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock worth $27,000 after acquiring an additional 214 shares in the last quarter. Truvestments Capital LLC bought a new stake in AerCap during the 3rd quarter worth approximately $35,000. UMB Bank n.a. raised its position in 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 purchasing an additional 174 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new position in AerCap in the third quarter worth $64,000. 96.42% of the stock is currently owned by institutional investors.
AerCap Stock Down 0.8 %
Shares of NYSE AER traded down $0.80 during mid-day trading on Friday, reaching $95.45. 219,293 shares of the company's stock were exchanged, compared to its average volume of 1,412,547. AerCap Holdings has a twelve month low of $69.15 and a twelve month high of $100.81. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $18.89 billion, a price-to-earnings ratio of 7.63, a PEG ratio of 2.19 and a beta of 1.82. The business has a fifty day simple moving average of $96.17 and a 200 day simple moving average of $94.23.
AerCap (NYSE:AER - Get Free Report) last announced 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. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the firm posted $2.81 earnings per share. The business's revenue was up 3.0% on a year-over-year basis. As a group, equities analysts expect that AerCap Holdings will post 11.26 EPS for the current fiscal year.
AerCap Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. AerCap's dividend payout ratio (DPR) is 7.92%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on AER shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of AerCap from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $119.00 price objective on shares of AerCap in a research note on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, AerCap presently has an average rating of "Moderate Buy" and an average price target of $112.00.
View Our Latest Stock Analysis on AER
AerCap Profile
(
Free Report)
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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