Advisors Asset Management Inc. Boosts Position in AerCap Holdings (NYSE:AER)

Advisors Asset Management Inc. raised its stake in shares of AerCap Holdings (NYSE:AER) by 9.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,937 shares of the financial services provider’s stock after buying an additional 520 shares during the quarter. Advisors Asset Management Inc.’s holdings in AerCap were worth $562,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in 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 in the last quarter. Mather Group LLC. grew its holdings in AerCap by 230.1% during the 2nd quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after buying an additional 214 shares in the last quarter. UMB Bank n.a. grew its holdings in AerCap by 35.5% during the 3rd quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock valued at $63,000 after buying an additional 174 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of AerCap by 209.1% during the second 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 in the last quarter. Finally, Gordian Capital Singapore Pte Ltd grew its holdings in shares of AerCap by 33.3% during the second 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 in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Stock Down 1.2 %

Shares of AER opened at $99.09 on Thursday. The firm has a market cap of $19.61 billion, a P/E ratio of 7.95, a P/E/G ratio of 2.25 and a beta of 1.83. The stock has a 50 day simple moving average of $95.85 and a two-hundred day simple moving average of $93.92. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. AerCap Holdings has a 1 year low of $66.34 and a 1 year high of $100.81.

AerCap (NYSE:AER) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (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 during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the prior year, the firm earned $2.81 earnings per share. AerCap’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts forecast that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.

AerCap Dividend Announcement

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 given a $0.25 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $1.00 annualized dividend and a yield of 1.01%. AerCap’s payout ratio is currently 7.92%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on AER shares. Deutsche Bank Aktiengesellschaft boosted their price objective on AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 price objective on shares of AerCap in a report on Thursday, November 21st. Susquehanna boosted their price objective on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a report on Friday, August 2nd. Finally, Barclays boosted their price objective on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, AerCap has an average rating of “Moderate Buy” and an average price target of $112.00.

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.