Donald Smith & CO. Inc. Acquires 23,994 Shares of AerCap Holdings (NYSE:AER)

Donald Smith & CO. Inc. boosted its stake in AerCap Holdings (NYSE:AER - Free Report) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,525,307 shares of the financial services provider's stock after buying an additional 23,994 shares during the quarter. AerCap makes up approximately 7.9% of Donald Smith & CO. Inc.'s portfolio, making the stock its largest holding. Donald Smith & CO. Inc. owned approximately 1.78% of AerCap worth $333,917,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Dupree Financial Group LLC raised its position in shares of AerCap by 0.4% in the third quarter. Dupree Financial Group LLC now owns 28,395 shares of the financial services provider's stock valued at $2,690,000 after buying an additional 121 shares during the last quarter. Inspire Advisors LLC raised its holdings in AerCap by 1.5% in the 1st quarter. Inspire Advisors LLC now owns 8,150 shares of the financial services provider's stock valued at $708,000 after acquiring an additional 124 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in AerCap by 1.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,919 shares of the financial services provider's stock worth $645,000 after purchasing an additional 129 shares in the last quarter. Blue Trust Inc. boosted its holdings 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 during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of AerCap by 3.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 4,935 shares of the financial services provider's stock worth $460,000 after purchasing an additional 146 shares during the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

AerCap Trading Down 1.9 %

NYSE AER traded down $1.85 during trading hours on Wednesday, reaching $93.87. The company had a trading volume of 2,140,515 shares, compared to its average volume of 1,452,100. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 2.69. The stock has a market capitalization of $18.58 billion, a P/E ratio of 6.14, a price-to-earnings-growth ratio of 2.13 and a beta of 1.83. The stock has a 50-day moving average of $94.85 and a 200 day moving average of $92.48. AerCap Holdings has a 1-year low of $60.52 and a 1-year high of $99.30.

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

AerCap Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders 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 dividend payout ratio is currently 6.51%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on AerCap from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Barclays boosted their price target 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. TD Cowen restated a "buy" rating and set a $125.00 price objective on shares of AerCap in a research report on Monday, July 29th. Finally, Susquehanna boosted their target price on shares of AerCap from $100.00 to $108.00 and gave the company a "positive" rating in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, AerCap currently has a consensus rating of "Moderate Buy" and an average target price of $106.43.

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.