Barrow Hanley Mewhinney & Strauss LLC Raises Position in AerCap Holdings (NYSE:AER)

Barrow Hanley Mewhinney & Strauss LLC grew its stake in AerCap Holdings (NYSE:AER) by 12.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,860,757 shares of the financial services provider’s stock after purchasing an additional 208,407 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.94% of AerCap worth $173,423,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in AerCap by 19.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,949 shares of the financial services provider’s stock worth $9,643,000 after buying an additional 17,750 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in AerCap by 13.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 83,931 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 10,159 shares during the last quarter. O Keefe Stevens Advisory Inc. purchased a new stake in AerCap in the 1st quarter worth about $2,890,000. KBC Group NV lifted its stake in AerCap by 67.3% in the fourth quarter. KBC Group NV now owns 114,252 shares of the financial services provider’s stock worth $8,491,000 after purchasing an additional 45,950 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of AerCap by 26.9% during the fourth quarter. Sei Investments Co. now owns 680,292 shares of the financial services provider’s stock valued at $50,559,000 after buying an additional 144,244 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Analysts Set New Price Targets

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

AerCap Stock Down 1.3 %

Shares of AerCap stock opened at $97.02 on Friday. AerCap Holdings has a 1 year low of $57.30 and a 1 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 stock 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’s 50-day moving average is $93.52 and its two-hundred day moving average is $90.47.

AerCap (NYSE:AER) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.60. The company had revenue of $1.96 billion for 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%. AerCap’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company posted $2.56 earnings per share. As a group, research analysts expect that AerCap Holdings will post 11.33 earnings per share for the current fiscal year.

AerCap Dividend Announcement

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