Quantbot Technologies LP raised its position in Aercap Holdings N.V. (NYSE:AER – Free Report) by 314.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 64,830 shares of the financial services provider’s stock after buying an additional 49,170 shares during the period. Quantbot Technologies LP’s holdings in Aercap were worth $7,585,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in AER. American Century Companies Inc. lifted its stake in shares of Aercap by 6.5% in the first quarter. American Century Companies Inc. now owns 129,341 shares of the financial services provider’s stock worth $13,215,000 after acquiring an additional 7,896 shares during the period. Zurich Insurance Group Ltd FI increased its stake in shares of Aercap by 24.8% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 129,682 shares of the financial services provider’s stock valued at $13,250,000 after acquiring an additional 25,780 shares in the last quarter. Alberta Investment Management Corp acquired a new position in shares of Aercap during the 2nd quarter valued at $1,849,000. Meridian Wealth Management LLC raised its holdings in shares of Aercap by 28.7% during the second quarter. Meridian Wealth Management LLC now owns 137,086 shares of the financial services provider’s stock valued at $16,039,000 after purchasing an additional 30,543 shares during the period. Finally, Corton Capital Inc. acquired a new stake in Aercap in the second quarter valued at approximately $415,000. Institutional investors and hedge funds own 96.42% of the company’s stock.
Aercap Price Performance
NYSE AER opened at $135.60 on Wednesday. The firm’s 50-day simple moving average is $127.53 and its two-hundred day simple moving average is $120.02. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.43. Aercap Holdings N.V. has a 52 week low of $85.57 and a 52 week high of $138.34. The company has a market cap of $25.33 billion, a PE ratio of 6.42, a price-to-earnings-growth ratio of 0.69 and a beta of 1.13.
Aercap Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Wednesday, November 12th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 12th. Aercap’s dividend payout ratio (DPR) is 5.12%.
Wall Street Analysts Forecast Growth
AER has been the subject of a number of recent research reports. Barclays boosted their price target on shares of Aercap from $132.00 to $144.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Susquehanna raised their target price on Aercap from $134.00 to $157.00 and gave the company a “positive” rating in a report on Tuesday, November 11th. Cowen restated a “buy” rating on shares of Aercap in a research note on Thursday, October 30th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Aercap in a report on Wednesday, October 8th. Finally, Bank of America lifted their target price on shares of Aercap from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Aercap presently has an average rating of “Moderate Buy” and a consensus price target of $144.17.
View Our Latest Stock Report 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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