Atria Investments Inc Grows Position in AerCap Holdings (NYSE:AER)

Atria Investments Inc grew its stake in AerCap Holdings (NYSE:AER) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,072 shares of the financial services provider’s stock after acquiring an additional 457 shares during the quarter. Atria Investments Inc’s holdings in AerCap were worth $1,333,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Townsend & Associates Inc acquired a new position in AerCap in the 3rd quarter valued at about $17,527,000. Summit Global Investments purchased a new stake in shares of AerCap during the third quarter worth about $667,000. River Road Asset Management LLC purchased a new stake in shares of AerCap during the third quarter worth about $3,722,000. National Pension Service raised its position in shares of AerCap by 77.7% in the third quarter. National Pension Service now owns 559,846 shares of the financial services provider’s stock valued at $53,029,000 after buying an additional 244,766 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of AerCap by 3.3% during the third quarter. Janney Montgomery Scott LLC now owns 422,775 shares of the financial services provider’s stock valued at $40,045,000 after buying an additional 13,426 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analysts Set New Price Targets

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

AerCap Price Performance

AER stock opened at $95.27 on Friday. The stock has a 50-day moving average price of $95.19 and a two-hundred day moving average price of $93.45. The company has a market cap of $18.86 billion, a PE ratio of 7.55, a price-to-earnings-growth ratio of 2.13 and a beta of 1.83. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a 12-month low of $66.34 and a 12-month high of $99.68.

AerCap (NYSE:AER) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.41. The firm 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 company’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.81 EPS. As a group, research analysts predict that AerCap Holdings will post 11.26 EPS for the current year.

AerCap Dividend Announcement

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 dividend of $0.25 per share. The ex-dividend date is Wednesday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.05%. AerCap’s payout ratio is 7.92%.

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.