Freemont Management S.A. Takes Position in AerCap Holdings (NYSE:AER)

Freemont Management S.A. acquired a new stake in shares of AerCap Holdings (NYSE:AER - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,800 shares of the financial services provider's stock, valued at approximately $1,497,000.

A number of other institutional investors have also modified their holdings of the stock. Castle Hook Partners LP acquired a new stake in shares of AerCap during the 1st quarter valued at about $94,062,000. Assenagon Asset Management S.A. boosted its holdings in AerCap by 176.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 753,267 shares of the financial services provider's stock worth $71,349,000 after buying an additional 480,551 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in AerCap by 182.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 663,587 shares of the financial services provider's stock worth $61,846,000 after buying an additional 428,487 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in AerCap by 3,568.6% in the 3rd 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 buying an additional 416,096 shares during the last quarter. Finally, Davidson Kempner Capital Management LP acquired a new stake in AerCap in the 2nd quarter worth about $31,688,000. Hedge funds and other institutional investors own 96.42% of the company's stock.

Analyst Upgrades and Downgrades

AER has been the topic of several research analyst reports. Susquehanna lifted their price objective on AerCap from $100.00 to $108.00 and gave the stock a "positive" rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on AerCap from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Barclays lifted their price objective on AerCap from $111.00 to $113.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Finally, TD Cowen restated a "buy" rating and set a $125.00 target price on shares of AerCap in a report on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $110.83.

AerCap Price Performance

Shares of AerCap stock traded up $0.53 on Thursday, hitting $95.13. 1,229,327 shares of the company were exchanged, compared to its average volume of 1,444,988. The stock has a market capitalization of $18.83 billion, a price-to-earnings ratio of 7.54, a price-to-earnings-growth ratio of 2.15 and a beta of 1.83. The company has a 50-day moving average price of $95.09 and a 200 day moving average price of $93.33. AerCap Holdings has a 1-year low of $66.34 and a 1-year high of $99.68. 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 (NYSE:AER - Get Free Report) last issued its earnings results 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 business had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.92 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business'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 firm posted $2.81 EPS. As a group, sell-side analysts predict that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.

AerCap Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap's 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.