42,196 Shares of AerCap Holdings N.V. $AER Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in AerCap Holdings N.V. (NYSE:AER) during the 3rd quarter, Holdings Channel reports. The firm purchased 42,196 shares of the financial services provider’s stock, valued at approximately $6,056,000.

Other hedge funds also recently made changes to their positions in the company. Livelsberger Financial Advisory bought a new stake in shares of AerCap during the third quarter valued at approximately $27,000. Townsend & Associates Inc grew its holdings in AerCap by 1.1% in the 3rd quarter. Townsend & Associates Inc now owns 149,420 shares of the financial services provider’s stock worth $21,769,000 after buying an additional 1,569 shares in the last quarter. Signaturefd LLC grew its holdings in AerCap by 2.4% in the 3rd quarter. Signaturefd LLC now owns 6,426 shares of the financial services provider’s stock worth $922,000 after buying an additional 151 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in AerCap by 66.6% in the 3rd quarter. Evergreen Capital Management LLC now owns 5,723 shares of the financial services provider’s stock worth $821,000 after buying an additional 2,287 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in AerCap in the 3rd quarter valued at approximately $339,000. Institutional investors own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AER shares. Citigroup lifted their target price on AerCap from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $190.00 price objective on shares of AerCap in a research note on Thursday, July 30th. Zacks Research raised shares of AerCap from a “hold” rating to a “strong-buy” rating in a report on Monday. Morgan Stanley upped their price target on shares of AerCap from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of AerCap from $183.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, October 29th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $185.88.

AerCap Trading Up 0.3%

Shares of NYSE:AER opened at $166.29 on Friday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.41 and a current ratio of 0.41. The stock has a market capitalization of $27.75 billion, a price-to-earnings ratio of 8.52, a PEG ratio of 0.56 and a beta of 0.99. AerCap Holdings N.V. has a 1-year low of $129.85 and a 1-year high of $169.76. The company has a 50 day moving average price of $147.05 and a 200 day moving average price of $145.03.

AerCap (NYSE:AER) last posted its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $6.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.56 by $2.00. AerCap had a return on equity of 18.26% and a net margin of 34.47%. The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter in the prior year, the company earned $4.97 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. On average, research analysts anticipate that AerCap Holdings N.V. will post 22.30 EPS for the current fiscal year.

AerCap Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Wednesday, November 11th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, November 10th. AerCap’s payout ratio is presently 8.20%.

AerCap Profile

AerCap Holdings N.V. is a global aviation leasing company headquartered in Dublin, Ireland, and listed on the New York Stock Exchange under the symbol AER. Through its subsidiaries, AerCap owns, manages and leases commercial aircraft, engines and helicopters to airlines and other aviation customers worldwide.

The company provides operating leases, finance leases, aircraft trading and asset management services. Its fleet portfolio includes aircraft from major manufacturers such as Airbus and Boeing, as well as engines and helicopters.