AQR Capital Management LLC Grows Holdings in AerCap Holdings (NYSE:AER)

AQR Capital Management LLC boosted its holdings in shares of AerCap Holdings (NYSE:AER) by 26.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,075 shares of the financial services provider’s stock after acquiring an additional 2,115 shares during the period. AQR Capital Management LLC’s holdings in AerCap were worth $939,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AER. Blue Trust Inc. lifted its holdings in shares of AerCap by 89.9% during 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 last quarter. Mather Group LLC. raised its stake in AerCap by 230.1% during the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after buying an additional 214 shares during the last quarter. Trust Co. of Vermont bought a new stake in AerCap in the fourth quarter worth $27,000. CVA Family Office LLC bought a new stake in AerCap in the first quarter worth $52,000. Finally, Federated Hermes Inc. grew its stake in shares of AerCap by 209.1% in the second quarter. Federated Hermes Inc. now owns 1,567 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 1,060 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AER. Susquehanna lifted their price target on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research report on Friday, August 2nd. TD Cowen reaffirmed a “buy” rating and issued a $125.00 target price on shares of AerCap in a report on Monday, July 29th. Finally, Barclays increased their price target on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $105.71.

AerCap Stock Up 0.0 %

AER opened at $94.30 on Friday. The stock has a market capitalization of $18.66 billion, a price-to-earnings ratio of 6.14, a PEG ratio of 2.13 and a beta of 1.83. The firm has a 50 day moving average price of $93.72 and a 200-day moving average price of $91.54. AerCap Holdings has a twelve month low of $57.84 and a twelve month high of $98.79. 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 announced its earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share for the quarter, beating 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 company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.56 EPS. Equities research analysts forecast that AerCap Holdings will post 11.33 earnings per share for the current year.

AerCap Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th were given a $0.25 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.00 annualized dividend and a yield of 1.06%. AerCap’s payout ratio is 6.51%.

About AerCap

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.