AerCap Holdings (NYSE:AER) Shares Bought by First Horizon Advisors Inc.

First Horizon Advisors Inc. raised its stake in AerCap Holdings (NYSE:AER) by 15.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 814 shares of the financial services provider’s stock after purchasing an additional 108 shares during the period. First Horizon Advisors Inc.’s holdings in AerCap were worth $77,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Assenagon Asset Management S.A. raised its stake in AerCap by 176.2% during the third quarter. Assenagon Asset Management S.A. now owns 753,267 shares of the financial services provider’s stock valued at $71,349,000 after buying an additional 480,551 shares in the last quarter. Point72 Asset Management L.P. lifted its stake 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 purchasing an additional 428,487 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in AerCap by 3,568.6% in 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 purchasing an additional 416,096 shares during the period. Davidson Kempner Capital Management LP bought a new stake in AerCap during the second quarter valued at $31,688,000. Finally, AGF Management Ltd. raised its holdings in shares of AerCap by 35.4% during the second quarter. AGF Management Ltd. now owns 1,068,447 shares of the financial services provider’s stock worth $99,579,000 after purchasing an additional 279,561 shares during the period. Institutional investors own 96.42% of the company’s stock.

AerCap Trading Up 0.3 %

Shares of NYSE:AER opened at $98.03 on Monday. AerCap Holdings has a twelve month low of $66.34 and a twelve month 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 has a market cap of $19.40 billion, a P/E ratio of 7.77, a P/E/G ratio of 2.20 and a beta of 1.83. The company has a 50 day moving average of $95.62 and a 200-day moving average of $93.80.

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 analysts’ consensus estimates of $2.41. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the company posted $2.81 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, analysts anticipate that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap’s dividend payout ratio (DPR) is presently 7.92%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Susquehanna lifted their price target on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a report on Friday, August 2nd. Barclays upped their target price on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 price target on shares of AerCap in a report on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen reiterated a “buy” rating and issued a $125.00 target price on shares of AerCap in a research note on Monday, July 29th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, AerCap has an average rating of “Moderate Buy” and an average target price 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.