AerCap Holdings (NYSE:AER) Stock Position Raised by Rhumbline Advisers

Rhumbline Advisers boosted its position in shares of AerCap Holdings (NYSE:AER) by 1.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 54,310 shares of the financial services provider’s stock after buying an additional 950 shares during the quarter. Rhumbline Advisers’ holdings in AerCap were worth $5,062,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in AerCap during the fourth quarter valued at $145,951,000. Artisan Partners Limited Partnership acquired a new position in shares of AerCap in the 4th quarter valued at about $137,412,000. TOMS Capital Investment Management LP purchased a new stake in shares of AerCap in the fourth quarter worth approximately $133,330,000. Franklin Resources Inc. boosted its holdings in shares of AerCap by 32.0% during the fourth quarter. Franklin Resources Inc. now owns 6,090,321 shares of the financial services provider’s stock worth $452,633,000 after purchasing an additional 1,476,236 shares during the period. Finally, Castle Hook Partners LP purchased a new position in AerCap during the first quarter valued at approximately $94,062,000. 96.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Susquehanna increased their target price on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research report on Friday, August 2nd. Barclays increased 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. Morgan Stanley assumed coverage on AerCap in a research note on Friday, June 7th. They issued an “equal weight” rating and a $103.00 target price on the stock. Finally, TD Cowen reaffirmed a “buy” rating and issued a $125.00 target price on shares of AerCap in a research report on Monday, July 29th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, AerCap has a consensus rating of “Moderate Buy” and an average target price of $102.38.

AerCap Price Performance

NYSE AER opened at $93.82 on Monday. The stock’s 50-day moving average is $93.41 and its two-hundred day moving average is $89.84. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.29 and a quick ratio of 0.29. AerCap Holdings has a fifty-two week low of $57.30 and a fifty-two week high of $98.79. The firm has a market cap of $18.57 billion, a P/E ratio of 6.10, a price-to-earnings-growth ratio of 2.06 and a beta of 1.83.

AerCap (NYSE:AER) last released its earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.60. AerCap had a net margin of 42.02% and a return on equity of 15.12%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the business earned $2.56 EPS. The business’s revenue was up 1.8% on a year-over-year basis. On average, analysts anticipate that AerCap Holdings will post 11.33 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Wednesday, August 14th. AerCap’s dividend payout ratio (DPR) is currently 6.51%.

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.