Lmcg Investments LLC Reduces Stock Position in AerCap Holdings (NYSE:AER)

Lmcg Investments LLC decreased its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 48.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,889 shares of the financial services provider's stock after selling 21,314 shares during the quarter. Lmcg Investments LLC's holdings in AerCap were worth $2,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of AER. Castle Hook Partners LP bought a new stake in shares of AerCap during the 1st quarter valued at $94,062,000. Assenagon Asset Management S.A. increased 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 valued at $71,349,000 after buying an additional 480,551 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of AerCap by 182.3% in 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 buying 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% in the third quarter. Wedge Capital Management L L P NC now owns 427,756 shares of the financial services provider's stock valued at $40,517,000 after acquiring an additional 416,096 shares during the period. Finally, Davidson Kempner Capital Management LP purchased a new position in AerCap during the second quarter valued at approximately $31,688,000. Institutional investors own 96.42% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Barclays increased their target price on shares of AerCap from $111.00 to $113.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on AerCap from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Susquehanna upped their target price on AerCap from $100.00 to $108.00 and gave the stock a "positive" rating in a research note on Friday, August 2nd. Finally, TD Cowen reiterated 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 five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $110.83.

AerCap Price Performance

NYSE AER traded up $0.76 during trading hours on Friday, reaching $94.31. 1,264,168 shares of the stock traded hands, compared to its average volume of 1,454,371. 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 stock has a 50 day simple moving average of $94.80 and a two-hundred day simple moving average of $92.58. AerCap Holdings has a 1 year low of $63.20 and a 1 year high of $99.30. The company has a market cap of $18.67 billion, a price-to-earnings ratio of 7.47, a price-to-earnings-growth ratio of 2.23 and a beta of 1.83.

AerCap (NYSE:AER - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, meeting analysts' consensus estimates of $2.41. The company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.92 billion. AerCap had a return on equity of 13.96% and a net margin of 32.38%. AerCap's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $2.81 EPS. On average, analysts predict that AerCap Holdings will post 10.7 EPS for the current fiscal year.

AerCap Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. AerCap's dividend payout ratio (DPR) is 7.92%.

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.