Acadian Asset Management LLC Makes New Investment in AerCap Holdings (NYSE:AER)

Acadian Asset Management LLC purchased a new position in shares of AerCap Holdings (NYSE:AER) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,805 shares of the financial services provider’s stock, valued at approximately $820,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Inspire Advisors LLC raised its position in AerCap by 1.5% during the first quarter. Inspire Advisors LLC now owns 8,150 shares of the financial services provider’s stock worth $708,000 after acquiring an additional 124 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of AerCap by 1.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,919 shares of the financial services provider’s stock worth $645,000 after purchasing an additional 129 shares during the last quarter. Blue Trust Inc. lifted its stake in AerCap by 89.9% in 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. Massmutual Trust Co. FSB ADV lifted its stake in AerCap by 3.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 4,935 shares of the financial services provider’s stock valued at $460,000 after buying an additional 146 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in AerCap by 2.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,613 shares of the financial services provider’s stock valued at $491,000 after buying an additional 154 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Barclays boosted their price target on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Susquehanna upped their target price on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a report on Friday, August 2nd. TD Cowen reiterated a “buy” rating and set a $125.00 price target on shares of AerCap in a report on Monday, July 29th. Finally, Morgan Stanley assumed coverage on shares of AerCap in a research report on Friday, June 7th. They issued an “equal weight” rating and a $103.00 price objective for the company. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, AerCap currently has a consensus rating of “Moderate Buy” and an average target price of $102.38.

AerCap Stock Performance

Shares of AER stock opened at $93.93 on Tuesday. The firm has a market capitalization of $18.59 billion, a price-to-earnings ratio of 6.11, a price-to-earnings-growth ratio of 2.06 and a beta of 1.83. The company has a 50 day moving average price of $93.41 and a 200 day moving average price of $89.94. AerCap Holdings has a one year low of $57.30 and a one year high of $98.79. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.29 and a current ratio of 0.29.

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

AerCap Dividend Announcement

The firm 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 1.06%. The ex-dividend date was Wednesday, August 14th. AerCap’s dividend payout ratio (DPR) is presently 6.51%.

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.