140 Summer Partners LP Buys 67,400 Shares of AerCap Holdings (NYSE:AER)

140 Summer Partners LP grew its stake in AerCap Holdings (NYSE:AER) by 7.5% in the third quarter, HoldingsChannel.com reports. The fund owned 965,340 shares of the financial services provider’s stock after acquiring an additional 67,400 shares during the period. AerCap makes up 9.8% of 140 Summer Partners LP’s investment portfolio, making the stock its largest position. 140 Summer Partners LP’s holdings in AerCap were worth $91,437,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Blueshift Asset Management LLC increased its position in shares of AerCap by 22.7% in the 3rd quarter. Blueshift Asset Management LLC now owns 10,308 shares of the financial services provider’s stock valued at $976,000 after buying an additional 1,909 shares in the last quarter. Glenmede Trust Co. NA grew its stake in AerCap by 14.3% in the third quarter. Glenmede Trust Co. NA now owns 70,592 shares of the financial services provider’s stock valued at $6,686,000 after acquiring an additional 8,805 shares during the period. Transamerica Financial Advisors Inc. bought a new stake in shares of AerCap in the third quarter worth about $64,000. BNP Paribas Financial Markets raised its position in shares of AerCap by 8.7% during the third quarter. BNP Paribas Financial Markets now owns 167,701 shares of the financial services provider’s stock worth $15,885,000 after purchasing an additional 13,427 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of AerCap during the 3rd quarter valued at about $66,000. 96.42% of the stock is currently owned by institutional investors and hedge funds.

AerCap Stock Down 1.2 %

Shares of AER stock opened at $99.09 on Thursday. The firm’s fifty day moving average price is $95.85 and its two-hundred 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 Holdings has a 1 year low of $66.34 and a 1 year high of $100.81. The firm has a market capitalization of $19.61 billion, a P/E ratio of 7.85, a PEG ratio of 2.25 and a beta of 1.83.

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

AerCap Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be paid a $0.25 dividend. 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 is presently 7.92%.

Wall Street Analysts Forecast Growth

AER has been the subject of a number of research reports. Susquehanna increased their target price on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. Barclays increased their price objective on shares of AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $119.00 target price on shares of AerCap in a report on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $112.00.

AerCap 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.