Aercap Holdings N.V. (NYSE:AER – Get Free Report) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 2,640,326 shares, a growth of 132.2% from the July 30th total of 1,137,197 shares. Currently, 1.6% of the company’s stock are sold short. Based on an average daily trading volume, of 966,718 shares, the short-interest ratio is presently 2.7 days.
Institutional Investors Weigh In On Aercap
Several institutional investors have recently bought and sold shares of AER. Groupe la Francaise grew its position in shares of Aercap by 221.4% in the first quarter. Groupe la Francaise now owns 180 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 124 shares in the last quarter. Greenline Wealth Management LLC acquired a new stake in shares of Aercap in the fourth quarter valued at approximately $30,000. Trust Co. of Vermont purchased a new position in Aercap during the second quarter worth approximately $38,000. Advisory Services Network LLC purchased a new position in Aercap during the third quarter worth approximately $35,000. Finally, Cedar Mountain Advisors LLC acquired a new position in Aercap during the first quarter worth $44,000. 96.42% of the stock is currently owned by institutional investors and hedge funds.
Aercap Stock Performance
AER traded down $0.72 during trading on Friday, reaching $147.25. 838,389 shares of the company’s stock were exchanged, compared to its average volume of 1,250,751. Aercap has a 1 year low of $118.93 and a 1 year high of $158.80. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $24.57 billion, a P/E ratio of 7.25, a price-to-earnings-growth ratio of 0.60 and a beta of 0.93. The company’s fifty day simple moving average is $149.45 and its 200-day simple moving average is $144.46.
Aercap Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 12th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, August 12th. Aercap’s dividend payout ratio (DPR) is presently 7.87%.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Barclays boosted their target price on shares of Aercap from $164.00 to $179.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Weiss Ratings downgraded shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. lifted their price objective on shares of Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. TD Cowen boosted their price objective on shares of Aercap from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Finally, Susquehanna increased their target price on shares of Aercap from $170.00 to $176.00 and gave the company a “positive” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Aercap has a consensus rating of “Buy” and a consensus price target of $172.56.
Check Out Our Latest Stock Report on Aercap
Aercap Company Profile
AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.
Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
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