Townsend & Associates Inc purchased a new stake in shares of AerCap Holdings (NYSE:AER - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 183,219 shares of the financial services provider's stock, valued at approximately $17,527,000. AerCap comprises about 1.8% of Townsend & Associates Inc's investment portfolio, making the stock its 22nd biggest holding. Townsend & Associates Inc owned about 0.09% of AerCap at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of AER. Summit Global Investments bought a new position in AerCap during the 3rd quarter worth about $667,000. River Road Asset Management LLC acquired a new stake in AerCap in the 3rd quarter valued at approximately $3,722,000. National Pension Service boosted its position in AerCap by 77.7% during the 3rd quarter. National Pension Service now owns 559,846 shares of the financial services provider's stock worth $53,029,000 after acquiring an additional 244,766 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in AerCap by 3.3% during the third quarter. Janney Montgomery Scott LLC now owns 422,775 shares of the financial services provider's stock worth $40,045,000 after purchasing an additional 13,426 shares during the last quarter. Finally, Americana Partners LLC increased its position in shares of AerCap by 29.3% in the third quarter. Americana Partners LLC now owns 14,710 shares of the financial services provider's stock valued at $1,393,000 after acquiring an additional 3,336 shares during the last quarter. Institutional investors own 96.42% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Barclays raised their price objective on shares of AerCap from $111.00 to $113.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their price target on AerCap from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. TD Cowen reissued a "buy" rating and set a $125.00 target price on shares of AerCap in a report on Monday, July 29th. Finally, Susquehanna boosted their price target on AerCap from $100.00 to $108.00 and gave the company a "positive" rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $110.83.
View Our Latest Research Report on AerCap
AerCap Stock Down 0.2 %
AER traded down $0.17 during midday trading on Friday, hitting $97.52. The company had a trading volume of 861,910 shares, compared to its average volume of 1,451,206. 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 Holdings has a 52 week low of $65.34 and a 52 week high of $99.68. The stock's 50 day moving average price is $94.94 and its 200 day moving average price is $93.04. The company has a market capitalization of $19.30 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 2.12 and a beta of 1.83.
AerCap (NYSE:AER - Get Free Report) last announced its quarterly 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. The business had revenue of $1.95 billion for the quarter, compared to analysts' expectations 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 last year, the firm earned $2.81 EPS. On average, research analysts anticipate that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.
AerCap Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap's dividend payout ratio is presently 7.92%.
About AerCap
(
Free Report)
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.
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