Frank Rimerman Advisors LLC Invests $2.48 Million in AerCap Holdings (NYSE:AER)

Frank Rimerman Advisors LLC acquired a new stake in shares of AerCap Holdings (NYSE:AER) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 26,596 shares of the financial services provider’s stock, valued at approximately $2,479,000.

A number of other hedge funds also recently made changes to their positions in the stock. Artisan Partners Limited Partnership purchased a new position in AerCap during the fourth quarter valued at approximately $137,412,000. TOMS Capital Investment Management LP purchased a new position in shares of AerCap during the 4th quarter valued at $133,330,000. Castle Hook Partners LP bought a new position in AerCap in the 1st quarter worth $94,062,000. Palestra Capital Management LLC purchased a new stake in AerCap in the 4th quarter worth $76,027,000. Finally, Troluce Capital Advisors LLC increased its stake in AerCap by 163.8% in the 4th quarter. Troluce Capital Advisors LLC now owns 191,300 shares of the financial services provider’s stock worth $14,217,000 after buying an additional 491,300 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

AerCap Trading Down 1.3 %

AER stock opened at $97.02 on Friday. The firm has a fifty day moving average price of $93.52 and a 200 day moving average price of $90.47. AerCap Holdings has a fifty-two week low of $57.30 and a fifty-two week high of $98.79. The firm has a market cap of $19.20 billion, a PE ratio of 6.31, a price-to-earnings-growth ratio of 2.06 and a beta of 1.83. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.29 and a current ratio of 0.29.

AerCap (NYSE:AER) last posted its earnings results 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. AerCap had a net margin of 42.02% and a return on equity of 15.12%. The firm had revenue of $1.96 billion for 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. The business’s quarterly revenue was up 1.8% on a year-over-year basis. Sell-side analysts anticipate that AerCap Holdings will post 11.33 earnings per share 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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Wednesday, August 14th. AerCap’s payout ratio is 6.51%.

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.