MQS Management LLC Invests $313,000 in AerCap Holdings (NYSE:AER)

MQS Management LLC purchased a new stake in AerCap Holdings (NYSE:AER) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,363 shares of the financial services provider’s stock, valued at approximately $313,000.

A number of other institutional investors have also recently modified their holdings of AER. Norges Bank acquired a new stake in AerCap in the fourth quarter valued at $145,951,000. Artisan Partners Limited Partnership purchased a new stake in AerCap during the fourth quarter worth about $137,412,000. TOMS Capital Investment Management LP acquired a new position in AerCap during the fourth quarter worth about $133,330,000. Castle Hook Partners LP purchased a new position in AerCap in the first quarter valued at about $94,062,000. Finally, Palestra Capital Management LLC acquired a new stake in shares of AerCap during the 4th quarter valued at approximately $76,027,000. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AER. Susquehanna upped their price target on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a report on Friday, August 2nd. Morgan Stanley began coverage on AerCap in a report on Friday, June 7th. They issued an “equal weight” rating and a $103.00 target price on the stock. TD Cowen reaffirmed a “buy” rating and set a $125.00 price target on shares of AerCap in a research note on Monday, July 29th. Finally, Barclays increased 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 equities 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, AerCap currently has an average rating of “Moderate Buy” and an average price target of $102.38.

AerCap Price Performance

AerCap stock opened at $97.02 on Friday. The firm’s 50-day moving average is $93.52 and its two-hundred day moving average is $90.40. 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 stock has a market capitalization of $19.20 billion, a P/E ratio of 6.31, 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.

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

AerCap Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Wednesday, August 14th. 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.