Mirae Asset Global Investments Co. Ltd. Boosts Stake in AerCap Holdings (NYSE:AER)

Mirae Asset Global Investments Co. Ltd. lifted its stake in AerCap Holdings (NYSE:AER) by 1,037.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,954 shares of the financial services provider’s stock after purchasing an additional 9,079 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in AerCap were worth $945,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Donald Smith & CO. Inc. increased its stake in shares of AerCap by 0.3% in the 1st quarter. Donald Smith & CO. Inc. now owns 4,080,070 shares of the financial services provider’s stock worth $354,599,000 after purchasing an additional 10,670 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of 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 worth $173,423,000 after purchasing an additional 208,407 shares in the last quarter. Castle Hook Partners LP purchased a new stake in AerCap in the 1st quarter worth $94,062,000. AGF Management Ltd. increased its stake in AerCap by 35.4% in the 2nd quarter. AGF Management Ltd. now owns 1,068,447 shares of the financial services provider’s stock worth $99,579,000 after buying an additional 279,561 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in AerCap by 37.9% in the 1st quarter. Russell Investments Group Ltd. now owns 998,526 shares of the financial services provider’s stock worth $86,783,000 after buying an additional 274,558 shares in the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

AerCap Trading Up 0.8 %

Shares of AerCap stock opened at $94.34 on Friday. The firm has a market cap of $18.67 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 2.23 and a beta of 1.83. The business has a 50-day moving average price of $94.83 and a 200-day moving average price of $92.50. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 2.69. AerCap Holdings has a twelve month low of $63.20 and a twelve month high of $99.30.

AerCap (NYSE:AER) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, meeting analysts’ consensus estimates of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.96%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the firm earned $2.81 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts anticipate that AerCap Holdings will post 10.7 EPS for the current fiscal year.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap’s payout ratio is 7.92%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AER. TD Cowen reiterated a “buy” rating and issued a $125.00 price target on shares of AerCap in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft increased their price target on AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Barclays increased their price target on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Susquehanna increased their price target on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $110.83.

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.