State Street Corp Acquires 370,906 Shares of AerCap Holdings (NYSE:AER)

State Street Corp lifted its position in AerCap Holdings (NYSE:AER - Free Report) by 8.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,862,517 shares of the financial services provider's stock after acquiring an additional 370,906 shares during the period. State Street Corp owned about 2.46% of AerCap worth $460,579,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Darsana Capital Partners LP purchased a new stake in shares of AerCap in the third quarter worth approximately $94,720,000. TOMS Capital Investment Management LP purchased a new stake in AerCap in the 3rd quarter worth approximately $60,526,000. Assenagon Asset Management S.A. boosted its stake in shares of AerCap by 176.2% during the 3rd 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. grew its holdings in shares of AerCap by 182.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 663,587 shares of the financial services provider's stock valued at $61,846,000 after acquiring an additional 428,487 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its stake 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 worth $40,517,000 after acquiring an additional 416,096 shares during the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on AER. 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 report on Tuesday, October 22nd. The Goldman Sachs Group reissued a "buy" rating and issued a $119.00 price target on shares of AerCap in a research note on Thursday, November 21st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $112.00.

AerCap Stock Down 0.7 %

Shares of NYSE:AER traded down $0.65 on Monday, reaching $95.26. The company had a trading volume of 718,955 shares, compared to its average volume of 1,412,164. The stock has a market capitalization of $18.85 billion, a P/E ratio of 7.60, a P/E/G ratio of 2.16 and a beta of 1.82. The stock has a 50-day moving average price of $96.18 and a 200 day moving average price of $94.29. AerCap Holdings has a twelve month low of $70.48 and a twelve month high of $100.81. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89.

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

AerCap Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Wednesday, November 13th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.05%. AerCap's payout ratio is presently 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.