Advisors Asset Management Inc. Buys 520 Shares of AerCap Holdings (NYSE:AER)

Advisors Asset Management Inc. lifted its holdings in shares of AerCap Holdings (NYSE:AER) by 9.6% in the third quarter, Holdings Channel.com reports. The fund owned 5,937 shares of the financial services provider’s stock after purchasing an additional 520 shares during the period. Advisors Asset Management Inc.’s holdings in AerCap were worth $562,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AER. Assenagon Asset Management S.A. raised its holdings in shares of AerCap by 176.2% during the third quarter. Assenagon Asset Management S.A. now owns 753,267 shares of the financial services provider’s stock valued at $71,349,000 after acquiring an additional 480,551 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of AerCap by 182.3% during the second quarter. Point72 Asset Management L.P. now owns 663,587 shares of the financial services provider’s stock valued at $61,846,000 after acquiring an additional 428,487 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of AerCap by 3,568.6% during the third quarter. Wedge Capital Management L L P NC now owns 427,756 shares of the financial services provider’s stock valued at $40,517,000 after acquiring an additional 416,096 shares in the last quarter. Davidson Kempner Capital Management LP bought a new position in shares of AerCap during the second quarter valued at approximately $31,688,000. Finally, AGF Management Ltd. raised its holdings in shares of AerCap by 35.4% during the second quarter. AGF Management Ltd. now owns 1,068,447 shares of the financial services provider’s stock valued at $99,579,000 after acquiring an additional 279,561 shares in the last quarter. Institutional investors own 96.42% of the company’s stock.

AerCap Trading Down 1.2 %

NYSE AER opened at $99.09 on Thursday. AerCap Holdings has a 12 month low of $66.34 and a 12 month high of $100.81. The stock has a market cap of $19.61 billion, a P/E ratio of 7.95, a P/E/G ratio of 2.25 and a beta of 1.83. The stock’s fifty day moving average price is $95.85 and its 200-day moving average price is $93.92. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89.

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

AerCap Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. AerCap’s dividend payout ratio (DPR) is presently 7.92%.

Analyst Ratings Changes

A number of brokerages recently commented on AER. The Goldman Sachs Group restated a “buy” rating and set a $119.00 target price on shares of AerCap in a report on Thursday, November 21st. Susquehanna upped their price target on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price target on AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Barclays upped their price target on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One 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.com, AerCap currently has a consensus rating of “Moderate Buy” and an average price target of $112.00.

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.