TOMS Capital Investment Management LP Invests $60.53 Million in AerCap Holdings (NYSE:AER)

TOMS Capital Investment Management LP purchased a new position in shares of AerCap Holdings (NYSE:AER - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 639,000 shares of the financial services provider's stock, valued at approximately $60,526,000. AerCap accounts for approximately 2.3% of TOMS Capital Investment Management LP's investment portfolio, making the stock its 8th largest position. TOMS Capital Investment Management LP owned 0.32% of AerCap as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AER. First Horizon Advisors Inc. increased its stake in AerCap by 15.3% during the third quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider's stock valued at $77,000 after purchasing an additional 108 shares during the last quarter. Dupree Financial Group LLC grew its position in shares of AerCap by 0.4% during the 3rd quarter. Dupree Financial Group LLC now owns 28,395 shares of the financial services provider's stock valued at $2,690,000 after buying an additional 121 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of AerCap by 1.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,919 shares of the financial services provider's stock valued at $645,000 after buying an additional 129 shares during the last quarter. Blue Trust Inc. lifted its holdings in AerCap by 89.9% in the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider's stock worth $25,000 after acquiring an additional 134 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in AerCap by 3.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 4,935 shares of the financial services provider's stock valued at $460,000 after acquiring an additional 146 shares during the period. 96.42% of the stock is currently owned by institutional investors and hedge funds.

AerCap Price Performance

AER traded down $0.52 during trading on Monday, reaching $98.84. The stock had a trading volume of 443,945 shares, compared to its average volume of 1,422,340. The stock has a 50 day moving average of $96.01 and a two-hundred day moving average of $94.09. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $19.56 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 2.24 and a beta of 1.83. AerCap Holdings has a 1-year low of $68.00 and a 1-year high of $100.81.

AerCap (NYSE:AER - Get Free Report) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, meeting the consensus estimate of $2.41. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.92 billion. During the same quarter last year, the business posted $2.81 earnings per share. The company's quarterly revenue was up 3.0% on a year-over-year basis. As a group, equities analysts anticipate that AerCap Holdings will post 11.26 EPS for the current fiscal year.

AerCap Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be issued 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 1.01%. AerCap's payout ratio is currently 7.92%.

Wall Street Analyst Weigh In

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

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.