Inspire Investing LLC bought a new stake in shares of Aercap Holdings N.V. (NYSE:AER – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor bought 2,024 shares of the financial services provider’s stock, valued at approximately $237,000.
Other hedge funds have also recently modified their holdings of the company. Aberdeen Group plc lifted its position in Aercap by 1,570.1% during the second quarter. Aberdeen Group plc now owns 518,770 shares of the financial services provider’s stock valued at $60,696,000 after purchasing an additional 487,708 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Aercap by 43.7% during the 2nd quarter. Blue Trust Inc. now owns 1,894 shares of the financial services provider’s stock valued at $222,000 after buying an additional 576 shares in the last quarter. Ramirez Asset Management Inc. grew its stake in shares of Aercap by 56.0% during the 2nd quarter. Ramirez Asset Management Inc. now owns 31,972 shares of the financial services provider’s stock valued at $3,741,000 after acquiring an additional 11,472 shares during the period. Callan Family Office LLC purchased a new stake in Aercap in the 2nd quarter worth approximately $493,000. Finally, US Bancorp DE lifted its holdings in Aercap by 4.5% during the second quarter. US Bancorp DE now owns 22,162 shares of the financial services provider’s stock valued at $2,593,000 after purchasing an additional 951 shares in the last quarter. Institutional investors own 96.42% of the company’s stock.
Aercap Trading Up 0.1%
Shares of NYSE AER opened at $120.39 on Friday. The stock has a market capitalization of $22.49 billion, a P/E ratio of 7.49, a PEG ratio of 2.41 and a beta of 1.40. Aercap Holdings N.V. has a 1-year low of $85.57 and a 1-year high of $126.27. The business’s 50 day moving average is $120.83 and its two-hundred day moving average is $113.20. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.44 and a quick ratio of 0.44.
Aercap Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Wednesday, August 13th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, August 13th. Aercap’s payout ratio is 6.72%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on AER. Weiss Ratings restated a “buy (b+)” rating on shares of Aercap in a research report on Wednesday, October 8th. Susquehanna raised their price target on Aercap from $130.00 to $134.00 and gave the company a “positive” rating in a report on Wednesday, August 13th. Barclays boosted their price objective on Aercap from $115.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Finally, Morgan Stanley increased their target price on Aercap from $111.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 17th. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $122.57.
View Our Latest Analysis on Aercap
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.
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