Point72 Asia Singapore Pte. Ltd. Purchases New Shares in AerCap Holdings (NYSE:AER)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of AerCap Holdings (NYSE:AER - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,397 shares of the financial services provider's stock, valued at approximately $701,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. bought a new stake in AerCap during the 1st quarter valued at approximately $304,000. Atria Investments Inc acquired a new stake in shares of AerCap in the first quarter worth $1,187,000. Transcend Capital Advisors LLC bought a new position in AerCap during the second quarter worth $488,000. Massmutual Trust Co. FSB ADV raised its stake in 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 valued at $460,000 after purchasing an additional 146 shares during the last quarter. Finally, Mather Group LLC. boosted its holdings in AerCap by 230.1% in the 2nd quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 214 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AER has been the topic of several research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of AerCap from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. The Goldman Sachs Group reissued a "buy" rating and set a $119.00 price objective on shares of AerCap in a report on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, AerCap currently has an average rating of "Moderate Buy" and an average price target of $112.00.

AerCap Price Performance

Shares of AerCap stock traded down $0.69 during midday trading on Monday, hitting $98.67. 387,978 shares of the company were exchanged, compared to its average volume of 1,422,093. The firm has a 50 day simple moving average of $96.01 and a 200-day simple moving average of $94.09. AerCap Holdings has a 52 week low of $68.00 and a 52 week high of $100.81. The firm has a market cap of $19.53 billion, a P/E ratio of 7.80, a PEG ratio of 2.24 and a beta of 1.83. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67.

AerCap (NYSE:AER - Get Free Report) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, meeting the consensus estimate of $2.41. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.81 EPS. Research analysts forecast that AerCap Holdings will post 11.26 earnings per share for the current year.

AerCap Announces Dividend

The company also recently announced 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap's dividend payout ratio (DPR) is currently 7.92%.

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.