AerCap Holdings (NYSE:AER) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. lifted its stake in shares of AerCap Holdings (NYSE:AER) by 209.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,567 shares of the financial services provider’s stock after acquiring an additional 1,060 shares during the quarter. Federated Hermes Inc.’s holdings in AerCap were worth $146,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Inspire Advisors LLC boosted its stake in AerCap by 1.5% during the 1st quarter. Inspire Advisors LLC now owns 8,150 shares of the financial services provider’s stock valued at $708,000 after purchasing an additional 124 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in AerCap by 1.9% during the second quarter. Sequoia Financial Advisors LLC now owns 6,919 shares of the financial services provider’s stock valued at $645,000 after buying an additional 129 shares in the last quarter. Blue Trust Inc. grew its holdings in AerCap by 89.9% during the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 134 shares during the period. Massmutual Trust Co. FSB ADV grew its holdings in AerCap by 3.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 4,935 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 146 shares during the period. Finally, Wealthstar Advisors LLC lifted its holdings in AerCap by 1.3% in the 1st quarter. Wealthstar Advisors LLC now owns 12,843 shares of the financial services provider’s stock valued at $1,116,000 after acquiring an additional 160 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Stock Performance

Shares of AER stock opened at $96.12 on Wednesday. The stock’s fifty day simple moving average is $93.48 and its 200-day simple moving average is $90.75. The company has a market capitalization of $19.03 billion, a price-to-earnings ratio of 6.25, a P/E/G ratio of 2.06 and a beta of 1.83. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 2.69. AerCap Holdings has a 1-year low of $57.30 and a 1-year high of $98.79.

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, beating analysts’ consensus estimates of $2.41 by $0.60. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.89 billion. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.56 EPS. On average, sell-side analysts predict that AerCap Holdings will post 11.33 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Wednesday, August 14th. AerCap’s dividend payout ratio is currently 6.51%.

Analyst Ratings Changes

AER has been the topic of several recent research reports. Susquehanna lifted their price objective on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. Morgan Stanley initiated coverage on AerCap in a report on Friday, June 7th. They issued an “equal weight” rating and a $103.00 price target on the stock. TD Cowen reissued a “buy” rating and set a $125.00 price objective on shares of AerCap in a research note on Monday, July 29th. Finally, Barclays lifted their target price on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, AerCap currently has a consensus rating of “Moderate Buy” and an average price target of $102.38.

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.