7,047 Shares in AerCap Holdings (NYSE:AER) Bought by Summit Global Investments

Summit Global Investments purchased a new stake in shares of AerCap Holdings (NYSE:AER - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,047 shares of the financial services provider's stock, valued at approximately $667,000.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in AerCap by 89.9% during the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 134 shares during the period. Mather Group LLC. lifted its position in AerCap by 230.1% during the second 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. UMB Bank n.a. boosted its holdings in AerCap by 35.5% in 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 during the last quarter. Federated Hermes Inc. grew its position in AerCap by 209.1% in the 2nd 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 during the period. Finally, Headlands Technologies LLC purchased a new stake in AerCap during the 1st quarter valued at $185,000. 96.42% of the stock is owned by hedge funds and other institutional investors.

AerCap Stock Performance

Shares of NYSE:AER traded down $0.17 during mid-day trading on Friday, reaching $97.52. 861,910 shares of the company traded hands, compared to its average volume of 1,079,385. The company's 50 day moving average price is $94.94 and its 200-day moving average price is $93.09. The firm has a market cap of $19.30 billion, a PE ratio of 7.73, a PEG ratio of 2.23 and a beta of 1.83. AerCap Holdings has a 52 week low of $65.34 and a 52 week high of $99.68. 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 posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting analysts' consensus estimates of $2.41. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The company's revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.81 earnings per share. On average, equities analysts expect that AerCap Holdings will post 11.26 EPS for the current fiscal year.

AerCap Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.03%. AerCap's dividend payout ratio is presently 7.92%.

Wall Street Analyst Weigh In

AER has been the subject of several research analyst reports. TD Cowen reaffirmed a "buy" rating and issued a $125.00 price objective on shares of AerCap in a report on Monday, July 29th. Barclays raised their target price on 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 objective on shares of AerCap from $100.00 to $108.00 and gave the stock a "positive" rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of AerCap from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, AerCap currently has an average rating of "Moderate Buy" and a consensus target price of $110.83.

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.