Millburn Ridgefield Corp Acquires Shares of 1,764 AerCap Holdings (NYSE:AER)

Millburn Ridgefield Corp purchased a new stake in AerCap Holdings (NYSE:AER) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,764 shares of the financial services provider’s stock, valued at approximately $167,000.

Several other institutional investors have also recently bought and sold shares of AER. Blue Trust Inc. raised its stake in shares of AerCap by 89.9% during the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock worth $25,000 after buying an additional 134 shares during the last quarter. Mather Group LLC. lifted its stake in shares of AerCap by 230.1% in the 2nd quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 214 shares during the period. Truvestments Capital LLC bought a new position in shares of AerCap in the 3rd quarter worth $35,000. UMB Bank n.a. grew its stake in shares of AerCap by 35.5% during the third 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 period. Finally, Transamerica Financial Advisors Inc. bought a new stake in AerCap in the third quarter valued at about $64,000. Institutional investors own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group restated a “buy” rating and set a $119.00 target price on shares of AerCap in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of 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 six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $112.00.

AerCap Price Performance

AER stock opened at $97.14 on Wednesday. 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 stock has a market cap of $19.23 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 2.22 and a beta of 1.82. AerCap Holdings has a 1 year low of $68.00 and a 1 year high of $100.81. The stock has a 50-day moving average price of $96.06 and a two-hundred day moving average price of $94.18.

AerCap (NYSE:AER) last posted its quarterly earnings data 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 net margin of 32.38% and a return on equity of 13.98%. 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 company earned $2.81 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. Equities analysts forecast that AerCap Holdings will post 11.26 EPS for the current fiscal year.

AerCap Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th will be paid 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 1.03%. AerCap’s dividend payout ratio is 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.