Goldentree Asset Management LP Has $33.72 Million Position in AerCap Holdings (NYSE:AER)

Goldentree Asset Management LP lessened its stake in AerCap Holdings (NYSE:AER) by 20.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 356,352 shares of the financial services provider’s stock after selling 93,648 shares during the quarter. AerCap accounts for about 2.7% of Goldentree Asset Management LP’s holdings, making the stock its 13th biggest position. Goldentree Asset Management LP owned approximately 0.18% of AerCap worth $33,717,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its holdings in shares of AerCap by 89.9% during 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. lifted its stake in AerCap by 230.1% in the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 214 shares during the last quarter. Truvestments Capital LLC bought a new stake in AerCap in the third quarter worth approximately $35,000. 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. Finally, Transamerica Financial Advisors Inc. acquired a new position in shares of AerCap during the 3rd quarter worth $64,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Price Performance

NYSE:AER opened at $99.09 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a market cap of $19.61 billion, a PE ratio of 7.85, a price-to-earnings-growth ratio of 2.23 and a beta of 1.83. AerCap Holdings has a 12 month low of $66.34 and a 12 month high of $100.81. The company’s 50-day moving average price is $95.96 and its two-hundred day moving average price is $93.99.

AerCap (NYSE:AER) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, hitting the consensus estimate of $2.41. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the business earned $2.81 EPS. AerCap’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts anticipate that AerCap Holdings will post 11.26 EPS 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Wednesday, November 13th. AerCap’s payout ratio is presently 7.92%.

Analysts Set New Price Targets

Several research firms have recently issued reports on AER. Susquehanna upped their price target on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 target price on shares of AerCap in a research report on Thursday, November 21st. Finally, Barclays raised their target price on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating and six have assigned 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 $112.00.

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.