Americana Partners LLC Buys 3,336 Shares of AerCap Holdings (NYSE:AER)

Americana Partners LLC boosted its stake in AerCap Holdings (NYSE:AER) by 29.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 14,710 shares of the financial services provider’s stock after acquiring an additional 3,336 shares during the quarter. Americana Partners LLC’s holdings in AerCap were worth $1,393,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. increased its stake in 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 last quarter. Mather Group LLC. increased its stake in shares of AerCap by 230.1% during the 2nd quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 214 shares during the last quarter. UMB Bank n.a. increased its stake in shares of AerCap by 35.5% during the 3rd quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 174 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of AerCap by 209.1% during the 2nd quarter. Federated Hermes Inc. now owns 1,567 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 1,060 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd increased its stake in shares of AerCap by 33.3% during the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 2,000 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 500 shares during the last quarter. 96.42% of the stock is owned by institutional investors.

AerCap Stock Performance

NYSE AER opened at $94.34 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 2.69. The company has a market capitalization of $18.67 billion, a P/E ratio of 7.48, a P/E/G ratio of 2.23 and a beta of 1.83. AerCap Holdings has a 12-month low of $63.20 and a 12-month high of $99.30. The firm has a 50-day moving average price of $94.83 and a two-hundred day moving average price of $92.50.

AerCap (NYSE:AER) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.96%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the firm posted $2.81 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts anticipate that AerCap Holdings will post 10.7 earnings per share for the current year.

AerCap Announces Dividend

The company 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap’s dividend payout ratio (DPR) is presently 7.92%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AER. Barclays boosted their price objective 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. Deutsche Bank Aktiengesellschaft lifted their target price on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Susquehanna lifted their target price on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a report on Friday, August 2nd. Finally, TD Cowen reaffirmed a “buy” rating and set a $125.00 target price on shares of AerCap in a report on Monday, July 29th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $110.83.

About AerCap

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.