Seven Eight Capital LP Increases Stock Holdings in AerCap Holdings (NYSE:AER)

Seven Eight Capital LP increased its holdings in AerCap Holdings (NYSE:AER) by 175.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,269 shares of the financial services provider’s stock after purchasing an additional 15,469 shares during the period. Seven Eight Capital LP’s holdings in AerCap were worth $2,262,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. grew its position in shares of AerCap by 89.9% in the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 134 shares during the period. Mather Group LLC. grew its position in shares of AerCap by 230.1% in the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 214 shares during the period. Trust Co. of Vermont purchased a new stake in shares of AerCap in the fourth quarter valued at $27,000. Assetmark Inc. purchased a new stake in shares of AerCap in the fourth quarter valued at $42,000. Finally, CVA Family Office LLC purchased a new stake in shares of AerCap in the first quarter valued at $52,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Trading Down 0.8 %

Shares of AER opened at $94.12 on Thursday. The stock’s 50-day moving average is $93.44 and its two-hundred day moving average is $90.21. The stock has a market cap of $18.63 billion, a PE ratio of 6.12, a P/E/G ratio of 2.06 and a beta of 1.83. AerCap Holdings has a 12 month low of $57.30 and a 12 month 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.

AerCap (NYSE:AER) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.60. The company had revenue of $1.96 billion for 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%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.56 earnings per share. Equities analysts forecast that AerCap Holdings will post 11.33 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The firm 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. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Wednesday, August 14th. AerCap’s dividend payout ratio (DPR) is 6.51%.

Wall Street Analysts Forecast Growth

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