Dynamic Technology Lab Private Ltd boosted its position in AerCap Holdings (NYSE:AER - Free Report) by 145.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,235 shares of the financial services provider's stock after purchasing an additional 12,584 shares during the period. Dynamic Technology Lab Private Ltd's holdings in AerCap were worth $2,011,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in AerCap by 89.9% in the 2nd 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. raised its position 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 during the last quarter. UMB Bank n.a. lifted its stake 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 valued at $63,000 after buying an additional 174 shares during the period. First Horizon Advisors Inc. boosted its position in AerCap by 15.3% during the third 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 during the last quarter. Finally, Federated Hermes Inc. raised its holdings in AerCap by 209.1% in the 2nd quarter. Federated Hermes Inc. now owns 1,567 shares of the financial services provider's stock valued at $146,000 after acquiring an additional 1,060 shares during the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on AER shares. The Goldman Sachs Group restated a "buy" rating and set a $119.00 price objective on shares of AerCap in a report on Thursday, November 21st. Susquehanna upped their price objective on shares of 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 shares of AerCap from $111.00 to $113.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their price target 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. Finally, TD Cowen restated a "buy" rating and set a $125.00 price objective on shares of AerCap in a report on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $112.00.
Read Our Latest Analysis on AerCap
AerCap Stock Up 0.6 %
NYSE AER traded up $0.61 during trading hours on Tuesday, hitting $100.30. The company had a trading volume of 948,937 shares, compared to its average volume of 1,433,260. The firm's 50 day moving average is $95.74 and its 200 day moving average is $93.85. The company has a market capitalization of $19.85 billion, a price-to-earnings ratio of 7.95, a P/E/G ratio of 2.21 and a beta of 1.83. AerCap Holdings has a fifty-two week low of $66.34 and a fifty-two week 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.
AerCap (NYSE:AER - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) 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 company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the firm posted $2.81 earnings per share. The business's quarterly revenue was up 3.0% on a year-over-year basis. Sell-side analysts anticipate that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.
AerCap Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap's dividend payout ratio (DPR) is presently 7.92%.
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.
Recommended Stories
Before you consider AerCap, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AerCap wasn't on the list.
While AerCap currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.