AerCap (NYSE:AER) Shares Gap Down - Here's Why

AerCap Holdings (NYSE:AER - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $95.72, but opened at $89.11. AerCap shares last traded at $95.13, with a volume of 190,102 shares trading hands.

Analyst Ratings Changes

A number of analysts have weighed in on AER shares. Deutsche Bank Aktiengesellschaft boosted their target price 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. TD Cowen reiterated a "buy" rating and issued a $125.00 target price on shares of AerCap in a research report on Monday, July 29th. Barclays lifted their price target on AerCap from $111.00 to $113.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Finally, Susquehanna upped their price objective on AerCap from $100.00 to $108.00 and gave the company a "positive" rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $106.43.

AerCap Stock Down 1.9 %

The stock has a 50-day moving average price of $94.85 and a 200-day moving average price of $92.48. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market capitalization of $18.58 billion, a P/E ratio of 6.14, a P/E/G ratio of 2.13 and a beta of 1.83.

AerCap (NYSE:AER - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $3.01 EPS for the quarter, beating analysts' consensus estimates of $2.41 by $0.60. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.89 billion. AerCap had a net margin of 42.02% and a return on equity of 15.12%. The company's quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.56 EPS. On average, research analysts predict that AerCap Holdings will post 11.33 EPS for the current fiscal year.

AerCap Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. AerCap's payout ratio is 6.51%.

Hedge Funds Weigh In On AerCap

Several institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its position in shares of AerCap by 89.9% during the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider's stock worth $25,000 after purchasing an additional 134 shares in the last quarter. Mather Group LLC. boosted its holdings in AerCap by 230.1% in the second 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. UMB Bank n.a. grew its stake in AerCap by 35.5% in the third 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. Federated Hermes Inc. grew its stake in AerCap by 209.1% in the second 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 period. Finally, Headlands Technologies LLC bought a new stake in shares of AerCap during the first quarter valued at approximately $185,000. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Company 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.