MQS Management LLC Purchases Shares of 3,363 AerCap Holdings (NYSE:AER)

MQS Management LLC acquired a new position in shares of AerCap Holdings (NYSE:AER) in the second quarter, HoldingsChannel reports. The fund acquired 3,363 shares of the financial services provider’s stock, valued at approximately $313,000.

Other large investors have also made changes to their positions in the company. Donald Smith & CO. Inc. increased its stake in AerCap by 0.3% during the first quarter. Donald Smith & CO. Inc. now owns 4,080,070 shares of the financial services provider’s stock worth $354,599,000 after acquiring an additional 10,670 shares during the last quarter. Norges Bank purchased a new stake in shares of AerCap during the 4th quarter worth about $145,951,000. Artisan Partners Limited Partnership acquired a new stake in AerCap during the 4th quarter worth approximately $137,412,000. TOMS Capital Investment Management LP purchased a new position in AerCap in the fourth quarter valued at approximately $133,330,000. Finally, Castle Hook Partners LP acquired a new position in AerCap during the first quarter valued at approximately $94,062,000. 96.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

AerCap Price Performance

AER stock opened at $97.02 on Friday. The stock’s 50 day moving average is $93.52 and its two-hundred day moving average is $90.40. AerCap Holdings has a 52-week low of $57.30 and a 52-week high of $98.79. The company has a market capitalization of $19.20 billion, a PE ratio of 6.31, a P/E/G ratio of 2.06 and a beta of 1.83. 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 (NYSE:AER) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.60. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.89 billion. AerCap had a net margin of 42.02% and a return on equity of 15.12%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.56 earnings per share. Analysts predict that AerCap Holdings will post 11.33 earnings per share for the current fiscal year.

AerCap Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 14th were paid a $0.25 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.03%. AerCap’s dividend payout ratio (DPR) is 6.51%.

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.