KBC Group NV Purchases 55,213 Shares of AerCap Holdings (NYSE:AER)

KBC Group NV boosted its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 18.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 350,888 shares of the financial services provider's stock after acquiring an additional 55,213 shares during the period. KBC Group NV owned 0.18% of AerCap worth $33,236,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Castle Hook Partners LP bought a new position in shares of AerCap during the first quarter worth $94,062,000. Assenagon Asset Management S.A. boosted its position in shares of AerCap by 176.2% during the third quarter. Assenagon Asset Management S.A. now owns 753,267 shares of the financial services provider's stock worth $71,349,000 after purchasing an additional 480,551 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of AerCap by 182.3% during the second quarter. Point72 Asset Management L.P. now owns 663,587 shares of the financial services provider's stock worth $61,846,000 after purchasing an additional 428,487 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in shares of AerCap by 3,568.6% during 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. Finally, Davidson Kempner Capital Management LP bought a new position in shares of AerCap during the second quarter worth $31,688,000. Institutional investors and hedge funds own 96.42% of the company's stock.

AerCap Stock Up 0.1 %

NYSE:AER traded up $0.09 on Friday, hitting $95.22. 984,234 shares of the company's stock were exchanged, compared to its average volume of 1,442,921. The firm has a 50-day moving average price of $95.19 and a 200-day moving average price of $93.39. 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 Holdings has a 52 week low of $66.34 and a 52 week high of $99.68. The company has a market cap of $18.85 billion, a P/E ratio of 7.55, a price-to-earnings-growth ratio of 2.13 and a beta of 1.83.

AerCap (NYSE:AER - Get Free Report) last released 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 net margin of 32.38% and a return on equity of 13.98%. AerCap's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.81 EPS. As a group, analysts expect that AerCap Holdings will post 11.26 EPS for the current fiscal year.

AerCap Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. AerCap's payout ratio is 7.92%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AER shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of AerCap from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. TD Cowen reaffirmed a "buy" rating and issued a $125.00 price objective on shares of AerCap in a research report on Monday, July 29th. Barclays boosted their price objective on shares of AerCap from $111.00 to $113.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Finally, Susquehanna boosted their price objective on shares of AerCap from $100.00 to $108.00 and gave the company a "positive" rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $110.83.

AerCap Profile

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.