Bridges Investment Management Inc. Purchases New Shares in AerCap Holdings (NYSE:AER)

Bridges Investment Management Inc. acquired a new position in shares of AerCap Holdings (NYSE:AER) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 15,360 shares of the financial services provider’s stock, valued at approximately $1,432,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. increased its position 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. Trust Co. of Vermont bought a new stake in shares of AerCap in the fourth quarter valued at approximately $27,000. Mather Group LLC. grew its position in AerCap by 230.1% during the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock worth $27,000 after buying an additional 214 shares in the last quarter. Assetmark Inc. bought a new position in AerCap during the 4th quarter worth $42,000. Finally, CVA Family Office LLC acquired a new position in AerCap in the 1st quarter valued at $52,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Price Performance

Shares of NYSE:AER opened at $97.02 on Friday. 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 current ratio of 0.29 and a quick ratio of 0.29. The company has a market cap of $19.20 billion, a price-to-earnings ratio of 6.31, a PEG ratio of 2.06 and a beta of 1.83. The firm has a 50 day simple moving average of $93.52 and a 200 day simple moving average of $90.40.

AerCap (NYSE:AER) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.60. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.89 billion. AerCap had a return on equity of 15.12% and a net margin of 42.02%. AerCap’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.56 EPS. Research analysts predict that AerCap Holdings will post 11.33 earnings per share for the current fiscal year.

AerCap Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 14th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Wednesday, August 14th. AerCap’s dividend payout ratio is currently 6.51%.

Analyst Upgrades and Downgrades

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

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.