DGS Capital Management LLC lifted its stake in shares of AerCap Holdings (NYSE:AER – Free Report) by 39.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,252 shares of the financial services provider’s stock after purchasing an additional 3,159 shares during the quarter. DGS Capital Management LLC’s holdings in AerCap were worth $1,066,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the stock. Franklin Resources Inc. grew its holdings in AerCap by 5.3% during the third quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider’s stock worth $545,726,000 after acquiring an additional 282,980 shares during the period. Synovus Financial Corp acquired a new stake in shares of AerCap in the third quarter valued at about $3,141,000. Tidal Investments LLC boosted its holdings in AerCap by 271.8% during the third quarter. Tidal Investments LLC now owns 8,496 shares of the financial services provider’s stock worth $805,000 after buying an additional 6,211 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in AerCap during the third quarter worth about $2,261,000. Finally, World Investment Advisors LLC purchased a new position in AerCap in the third quarter valued at about $7,507,000. 96.42% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on AER shares. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price target on shares of AerCap in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, AerCap currently has an average rating of “Moderate Buy” and an average price target of $112.00.
AerCap Trading Down 0.1 %
Shares of AER stock traded down $0.05 during trading hours on Friday, hitting $94.95. 207,572 shares of the company were exchanged, compared to its average volume of 1,399,533. The firm has a market cap of $18.79 billion, a PE ratio of 7.53, a PEG ratio of 2.17 and a beta of 1.82. The firm has a fifty day moving average of $96.36 and a 200 day moving average of $94.37. AerCap Holdings has a 1 year low of $70.48 and a 1 year high of $100.81. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89.
AerCap (NYSE:AER – Get Free Report) 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. Analysts expect that AerCap Holdings will post 11.26 earnings per share for the current year.
AerCap Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Wednesday, November 13th. 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.
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