KBC Group NV Boosts Stock Position in AerCap Holdings (NYSE:AER)

KBC Group NV boosted its position in shares of AerCap Holdings (NYSE:AER) by 18.7% in the third quarter, HoldingsChannel.com reports. The fund owned 350,888 shares of the financial services provider’s stock after purchasing an additional 55,213 shares during the period. KBC Group NV’s holdings in AerCap were worth $33,236,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Donald Smith & CO. Inc. boosted its stake in shares of AerCap by 0.3% in the first quarter. Donald Smith & CO. Inc. now owns 4,080,070 shares of the financial services provider’s stock valued at $354,599,000 after purchasing an additional 10,670 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in AerCap by 12.6% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,860,757 shares of the financial services provider’s stock valued at $173,423,000 after buying an additional 208,407 shares during the period. Castle Hook Partners LP acquired a new position in shares of AerCap in the first quarter worth $94,062,000. AGF Management Ltd. grew its stake in shares of AerCap by 35.4% in the second quarter. AGF Management Ltd. now owns 1,068,447 shares of the financial services provider’s stock worth $99,579,000 after acquiring an additional 279,561 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of AerCap by 9.8% during the second quarter. Sei Investments Co. now owns 799,416 shares of the financial services provider’s stock worth $74,506,000 after acquiring an additional 71,322 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Price Performance

Shares of NYSE AER opened at $95.13 on Friday. The stock’s 50-day simple moving average is $95.09 and its 200-day simple moving average is $93.33. The firm has a market capitalization of $18.83 billion, a PE ratio of 7.54, a price-to-earnings-growth ratio of 2.15 and a beta of 1.83. AerCap Holdings has a fifty-two week low of $66.34 and a fifty-two week high of $99.68. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67.

AerCap (NYSE:AER) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting the consensus estimate of $2.41. The business 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.81 EPS. As a group, equities research analysts forecast that AerCap Holdings will post 11.26 EPS for the current fiscal year.

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.00 annualized dividend and a yield of 1.05%. AerCap’s dividend payout ratio is presently 7.92%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AER. TD Cowen reiterated a “buy” rating and issued a $125.00 target price on shares of AerCap in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted 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. Barclays raised their target price on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Susquehanna boosted their price target on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, AerCap presently has an average rating of “Moderate Buy” and a consensus price target of $110.83.

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.