Synovus Financial Corp Takes $3.14 Million Position in AerCap Holdings (NYSE:AER)

Synovus Financial Corp bought a new position in shares of AerCap Holdings (NYSE:AER - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 33,160 shares of the financial services provider's stock, valued at approximately $3,141,000.

A number of other large investors have also added to or reduced their stakes in AER. Darsana Capital Partners LP bought a new position in shares of AerCap in the third quarter valued at about $94,720,000. TOMS Capital Investment Management LP bought a new position in AerCap in the 3rd quarter valued at about $60,526,000. Assenagon Asset Management S.A. raised its holdings in AerCap by 176.2% in 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 acquiring an additional 480,551 shares during the period. Point72 Asset Management L.P. lifted its position in AerCap by 182.3% during 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 acquiring an additional 428,487 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of AerCap by 3,568.6% during 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 period. Institutional investors own 96.42% of the company's stock.

AerCap Price Performance

AER stock traded up $0.66 during midday trading on Friday, reaching $95.66. The company had a trading volume of 1,110,350 shares, compared to its average volume of 1,403,547. AerCap Holdings has a 1-year low of $70.48 and a 1-year high of $100.81. The stock has a 50 day moving average price of $96.39 and a 200-day moving average price of $94.43. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $18.93 billion, a price-to-earnings ratio of 7.58, a price-to-earnings-growth ratio of 2.17 and a beta of 1.82.

AerCap (NYSE:AER - Get Free Report) last issued 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 company had revenue of $1.95 billion during 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 quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.81 EPS. Equities research analysts expect that AerCap Holdings will post 11.26 earnings per share for the current year.

AerCap Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders 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 annualized dividend and a dividend yield of 1.05%. AerCap's payout ratio is 7.92%.

Analysts Set New Price Targets

Several research firms recently weighed in on AER. The Goldman Sachs Group reissued a "buy" rating and set a $119.00 price target on shares of AerCap in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their target price on AerCap from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, AerCap presently has an average rating of "Moderate Buy" and an average price target of $112.00.

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.