Global Retirement Partners LLC Increases Stock Holdings in AerCap Holdings (NYSE:AER)

Global Retirement Partners LLC raised its position in AerCap Holdings (NYSE:AER) by 87.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 5,058 shares of the financial services provider’s stock after purchasing an additional 2,366 shares during the period. Global Retirement Partners LLC’s holdings in AerCap were worth $479,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Castle Hook Partners LP acquired a new stake in shares of AerCap in the 1st quarter worth $94,062,000. Point72 Asset Management L.P. increased its stake in shares of AerCap by 182.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 663,587 shares of the financial services provider’s stock worth $61,846,000 after acquiring an additional 428,487 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in shares of AerCap by 3,568.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 427,756 shares of the financial services provider’s stock worth $40,517,000 after acquiring an additional 416,096 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new stake in shares of AerCap in the 2nd quarter worth $31,688,000. Finally, Kinetic Partners Management LP acquired a new stake in shares of AerCap in the 1st quarter worth $26,151,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Trading Down 1.0 %

Shares of AER stock opened at $96.51 on Tuesday. The business’s fifty day moving average price is $94.60 and its 200 day moving average price is $92.05. AerCap Holdings has a 1-year low of $57.84 and a 1-year high of $99.30. The firm has a market capitalization of $19.10 billion, a PE ratio of 6.28, a P/E/G ratio of 2.13 and a beta of 1.83. 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 announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $3.01 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.60. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.89 billion. AerCap had a return on equity of 15.12% and a net margin of 42.02%. AerCap’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.56 earnings per share. As a group, sell-side analysts forecast that AerCap Holdings will post 11.33 EPS for the current fiscal year.

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 14th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.04%. AerCap’s dividend payout ratio is currently 6.51%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AER shares. Barclays raised their target price on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Susquehanna raised their price objective on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research report on Friday, August 2nd. Finally, TD Cowen reissued a “buy” rating and set a $125.00 price objective on shares of AerCap in a research report on Monday, July 29th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $105.71.

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.