Aercap Holdings N.V. (NYSE:AER – Get Free Report) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,640,326 shares, an increase of 132.2% from the July 30th total of 1,137,197 shares. Based on an average daily volume of 966,718 shares, the days-to-cover ratio is presently 2.7 days. Approximately 1.6% of the shares of the company are sold short.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Groupe la Francaise increased its stake in Aercap by 221.4% during the first quarter. Groupe la Francaise now owns 180 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 124 shares during the period. Greenline Wealth Management LLC bought a new stake in shares of Aercap in the 4th quarter worth approximately $30,000. Advisory Services Network LLC acquired a new stake in shares of Aercap during the 3rd quarter worth approximately $35,000. Trust Co. of Vermont acquired a new stake in shares of Aercap during the 2nd quarter worth approximately $38,000. Finally, Cedar Mountain Advisors LLC bought a new stake in shares of Aercap during the first quarter valued at approximately $44,000. Institutional investors and hedge funds own 96.42% of the company’s stock.
Aercap Stock Performance
Shares of AER stock traded down $0.72 during trading hours on Friday, reaching $147.25. 838,389 shares of the company’s stock were exchanged, compared to its average volume of 992,602. Aercap has a fifty-two week low of $118.93 and a fifty-two week high of $158.80. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $24.57 billion, a P/E ratio of 7.25, a P/E/G ratio of 0.59 and a beta of 0.93. The business has a fifty day moving average price of $149.50 and a 200-day moving average price of $144.48.
Aercap Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 12th will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, August 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Aercap’s payout ratio is presently 7.87%.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on AER. Susquehanna upped their price objective on shares of Aercap from $170.00 to $176.00 and gave the stock a “positive” rating in a report on Tuesday, July 7th. Citigroup lifted their target price on shares of Aercap from $173.00 to $178.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Morgan Stanley boosted their target price on shares of Aercap from $155.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $190.00 price target on shares of Aercap in a report on Thursday, July 30th. Finally, TD Cowen raised their price target on Aercap from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Aercap presently has a consensus rating of “Buy” and a consensus target price of $172.56.
Get Our Latest Analysis on AER
About Aercap
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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