AerCap Holdings (NYSE:AER) Holdings Raised by Rhumbline Advisers

Rhumbline Advisers increased its position in shares of AerCap Holdings (NYSE:AER) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,310 shares of the financial services provider’s stock after purchasing an additional 950 shares during the quarter. Rhumbline Advisers’ holdings in AerCap were worth $5,062,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Private Advisor Group LLC acquired a new stake in shares of AerCap during the 4th quarter worth approximately $343,000. Charles Schwab Investment Management Inc. lifted its stake in AerCap by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 195,760 shares of the financial services provider’s stock valued at $14,549,000 after buying an additional 647 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of AerCap during the fourth quarter valued at $145,000. Envestnet Portfolio Solutions Inc. grew its position in shares of AerCap by 22.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,280 shares of the financial services provider’s stock worth $764,000 after acquiring an additional 1,899 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of AerCap by 8.2% in the 4th quarter. Principal Financial Group Inc. now owns 21,317 shares of the financial services provider’s stock worth $1,584,000 after acquiring an additional 1,607 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Trading Up 1.4 %

Shares of AER stock opened at $93.82 on Monday. The stock has a 50-day simple moving average of $93.41 and a 200 day simple moving average of $89.84. The stock has a market capitalization of $18.57 billion, a P/E ratio of 6.10, a P/E/G ratio of 2.06 and a beta of 1.83. AerCap Holdings has a fifty-two week low of $57.30 and a fifty-two week 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 posted its quarterly earnings data 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 net margin of 42.02% and a return on equity of 15.12%. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the firm posted $2.56 EPS. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, sell-side 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. Stockholders of record on Wednesday, August 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. AerCap’s dividend payout ratio (DPR) is presently 6.51%.

Analysts Set New Price Targets

AER has been the subject of several recent analyst reports. TD Cowen restated a “buy” rating and issued a $125.00 target price on shares of AerCap in a research report on Monday, July 29th. Susquehanna increased their price objective on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a report on Friday, August 2nd. Morgan Stanley started coverage on AerCap in a research note on Friday, June 7th. They set an “equal weight” rating and a $103.00 target price on the stock. Finally, Barclays increased their price target on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.