Highland Capital Management LLC Makes New Investment in AerCap Holdings (NYSE:AER)

Highland Capital Management LLC bought a new position in shares of AerCap Holdings (NYSE:AER - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,250 shares of the financial services provider's stock, valued at approximately $1,444,000.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in AerCap by 89.9% during the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider's stock worth $25,000 after buying an additional 134 shares during the period. Mather Group LLC. boosted its stake in AerCap by 230.1% during the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock worth $27,000 after buying an additional 214 shares during the period. UMB Bank n.a. lifted its position 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 worth $63,000 after purchasing an additional 174 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of AerCap by 209.1% during the second quarter. Federated Hermes Inc. now owns 1,567 shares of the financial services provider's stock worth $146,000 after purchasing an additional 1,060 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd lifted its position in shares of AerCap by 33.3% during the second quarter. Gordian Capital Singapore Pte Ltd now owns 2,000 shares of the financial services provider's stock worth $186,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.

AerCap Stock Down 0.0 %

NYSE:AER traded down $0.03 during mid-day trading on Friday, hitting $95.42. The stock had a trading volume of 442,928 shares, compared to its average volume of 1,451,979. The stock has a 50-day simple moving average of $94.79 and a two-hundred day simple moving average of $92.31. The company has a market capitalization of $18.89 billion, a PE ratio of 6.21, a PEG ratio of 2.13 and a beta of 1.83. AerCap Holdings has a twelve month low of $58.46 and a twelve month high of $99.30. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 2.69.

AerCap (NYSE:AER - Get Free Report) last issued its earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.60. The firm had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.89 billion. AerCap had a net margin of 42.02% and a return on equity of 15.12%. The firm's revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.56 earnings per share. On average, equities research analysts anticipate that AerCap Holdings will post 11.33 EPS for the current year.

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.05%. AerCap's payout ratio is currently 6.51%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AER shares. Barclays increased their price target on shares of AerCap from $111.00 to $113.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Susquehanna increased their price target on shares of AerCap from $100.00 to $108.00 and gave the stock a "positive" rating in a research 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 report on Tuesday, October 22nd. Finally, TD Cowen reissued a "buy" rating and set a $125.00 price target on shares of AerCap in a research report on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $106.43.

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.