Oppenheimer & Co. Inc. Boosts Stake in AerCap Holdings (NYSE:AER)

Oppenheimer & Co. Inc. boosted its holdings in AerCap Holdings (NYSE:AER) by 231.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,226 shares of the financial services provider’s stock after acquiring an additional 25,292 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in AerCap were worth $3,431,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AER. Entropy Technologies LP acquired a new position in shares of AerCap during the 1st quarter worth $256,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in AerCap by 19.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,949 shares of the financial services provider’s stock worth $9,643,000 after buying an additional 17,750 shares during the period. Donald Smith & CO. Inc. increased its holdings in AerCap by 0.3% in the first quarter. Donald Smith & CO. Inc. now owns 4,080,070 shares of the financial services provider’s stock valued at $354,599,000 after buying an additional 10,670 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of AerCap during the 1st quarter valued at approximately $714,000. Finally, Seven Eight Capital LP boosted its stake in shares of AerCap by 9.7% during the 1st quarter. Seven Eight Capital LP now owns 8,800 shares of the financial services provider’s stock worth $765,000 after acquiring an additional 778 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Trading Up 0.1 %

Shares of AER opened at $95.22 on Friday. AerCap Holdings has a fifty-two week low of $66.34 and a fifty-two week high of $99.68. The company has a market capitalization of $18.85 billion, a PE ratio of 7.55, a price-to-earnings-growth ratio of 2.13 and a beta of 1.83. The stock has a fifty day moving average of $95.19 and a two-hundred day moving average of $93.39. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67.

AerCap (NYSE:AER) last released its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting the consensus estimate of $2.41. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.81 earnings per share. As a group, analysts forecast that AerCap Holdings will post 11.26 EPS for the current year.

AerCap Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.05%. AerCap’s payout ratio is 7.92%.

Analysts Set New Price Targets

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

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.