Freemont Management S.A. Acquires Shares of 15,800 AerCap Holdings (NYSE:AER)

Freemont Management S.A. bought a new position in shares of AerCap Holdings (NYSE:AER) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,800 shares of the financial services provider’s stock, valued at approximately $1,497,000.

Several other institutional investors and hedge funds have also made changes to their positions in AER. Blue Trust Inc. grew 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 buying an additional 134 shares during the last quarter. Mather Group LLC. raised its position in AerCap by 230.1% in the 2nd quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 214 shares during the last quarter. UMB Bank n.a. raised its position in AerCap by 35.5% in 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 last quarter. Federated Hermes Inc. boosted its stake in AerCap by 209.1% during 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 during the period. Finally, Gordian Capital Singapore Pte Ltd grew its position in AerCap by 33.3% during the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 2,000 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 500 shares during the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AER shares. Susquehanna increased their target price on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. Barclays increased their price objective on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. TD Cowen restated a “buy” rating and set a $125.00 price target on shares of AerCap in a research note on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, AerCap currently has an average rating of “Moderate Buy” and an average target price of $110.83.

AerCap Stock Down 0.6 %

Shares of NYSE AER opened at $94.60 on Thursday. The stock has a market capitalization of $18.72 billion, a price-to-earnings ratio of 7.50, a price-to-earnings-growth ratio of 2.15 and a beta of 1.83. AerCap Holdings has a 52 week low of $66.06 and a 52 week high of $99.68. The firm has a 50-day moving average price of $95.03 and a 200 day moving average price of $93.32. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89.

AerCap (NYSE:AER) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, hitting the consensus estimate of $2.41. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.81 EPS. Equities research analysts anticipate that AerCap Holdings will post 11.26 EPS for the current fiscal year.

AerCap Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 13th. This represents a $1.00 annualized dividend and a yield of 1.06%. AerCap’s dividend payout ratio (DPR) is currently 7.92%.

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.