Sumitomo Mitsui DS Asset Management Company Ltd Acquires 451 Shares of AerCap Holdings (NYSE:AER)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of AerCap Holdings (NYSE:AER) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,077 shares of the financial services provider’s stock after acquiring an additional 451 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in AerCap were worth $1,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Blue Trust Inc. raised its stake in AerCap by 89.9% during the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 134 shares during the period. Mather Group LLC. increased its stake in shares of AerCap by 230.1% in the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 214 shares in the last quarter. UMB Bank n.a. raised its position in shares of AerCap by 35.5% during the 3rd quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 174 shares during the period. Federated Hermes Inc. lifted its holdings in AerCap by 209.1% in the 2nd quarter. Federated Hermes Inc. now owns 1,567 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 1,060 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in AerCap in the 1st quarter worth approximately $182,000. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

AerCap Stock Down 1.0 %

Shares of NYSE:AER opened at $96.51 on Tuesday. The business’s 50 day moving average is $94.60 and its 200 day moving average is $92.05. The stock has a market cap of $19.10 billion, a P/E ratio of 6.28, a price-to-earnings-growth ratio of 2.13 and a beta of 1.83. AerCap Holdings has a 52-week low of $57.84 and a 52-week high of $99.30. 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 released 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 return on equity of 15.12% and a net margin of 42.02%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the company posted $2.56 earnings per share. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. Sell-side analysts predict that AerCap Holdings will post 11.33 EPS for the current year.

AerCap Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays lifted their target price on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Susquehanna upped their target price 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. Finally, TD Cowen reaffirmed a “buy” rating and issued a $125.00 price objective on shares of AerCap in a research note on Monday, July 29th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $105.71.

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.