AerCap Holdings (NYSE:AER) Sees Significant Decrease in Short Interest

AerCap Holdings (NYSE:AER) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,380,000 shares, a decrease of 37.8% from the October 15th total of 2,220,000 shares. Based on an average daily volume of 1,090,000 shares, the short-interest ratio is presently 1.3 days.

Institutional Investors Weigh In On AerCap

Hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. lifted its position in shares of AerCap by 15.3% during the third quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 108 shares in the last quarter. Dupree Financial Group LLC lifted its holdings in AerCap by 0.4% during the 3rd quarter. Dupree Financial Group LLC now owns 28,395 shares of the financial services provider’s stock worth $2,690,000 after buying an additional 121 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in AerCap by 1.9% in 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. increased its stake in shares of AerCap by 89.9% in the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after buying an additional 134 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of AerCap by 3.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 4,935 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 146 shares during the last quarter. 96.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AER shares. Barclays lifted their target price on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Susquehanna increased their target price on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research report on Friday, August 2nd. Finally, TD Cowen reaffirmed a “buy” rating and issued a $125.00 price target on shares of AerCap in a research report on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.83.

AerCap Stock Performance

NYSE:AER opened at $95.22 on Friday. The firm has a market capitalization of $18.85 billion, a PE ratio of 7.55, a PEG ratio of 2.13 and a beta of 1.83. AerCap has a 1 year low of $66.34 and a 1 year high of $99.68. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm’s fifty day simple moving average is $95.19 and its 200 day simple moving average is $93.39.

AerCap (NYSE:AER) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) 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 company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period last year, the business posted $2.81 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. On average, sell-side analysts anticipate that AerCap will post 11.26 EPS for the current year.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. AerCap’s dividend payout ratio (DPR) 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.