Headlands Technologies LLC Makes New $185,000 Investment in AerCap Holdings (NYSE:AER)

Headlands Technologies LLC acquired a new position in AerCap Holdings (NYSE:AER) in the 1st quarter, Holdings Channel reports. The firm acquired 2,129 shares of the financial services provider’s stock, valued at approximately $185,000.

Other hedge funds have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. grew its position in AerCap by 13.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 83,931 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 10,159 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of AerCap by 22.2% in the fourth quarter. California Public Employees Retirement System now owns 358,689 shares of the financial services provider’s stock valued at $26,658,000 after purchasing an additional 65,082 shares during the period. Desjardins Global Asset Management Inc. grew its holdings in AerCap by 281.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 25,957 shares of the financial services provider’s stock valued at $1,929,000 after purchasing an additional 19,152 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in AerCap by 23.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 114,700 shares of the financial services provider’s stock worth $8,525,000 after buying an additional 22,100 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in AerCap by 12.7% in the 3rd quarter. Vanguard Group Inc. now owns 410,518 shares of the financial services provider’s stock worth $25,727,000 after buying an additional 46,404 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AER. Deutsche Bank Aktiengesellschaft lifted their target price on AerCap from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. TD Cowen lifted their price objective on AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Barclays increased their target price on AerCap from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Susquehanna lifted their price target on shares of AerCap from $90.00 to $100.00 and gave the stock a “positive” rating in a research note on Thursday, May 2nd. Finally, Morgan Stanley started coverage on shares of AerCap in a research note on Friday, June 7th. They set an “equal weight” rating and a $103.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $97.56.

AerCap Stock Performance

AerCap stock traded up $1.21 during mid-day trading on Tuesday, reaching $97.86. The company’s stock had a trading volume of 1,231,162 shares, compared to its average volume of 1,546,115. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 2.70. AerCap Holdings has a twelve month low of $57.30 and a twelve month high of $98.79. The business has a 50 day moving average price of $92.29 and a 200-day moving average price of $84.59. The firm has a market cap of $19.37 billion, a price-to-earnings ratio of 6.29, a PEG ratio of 2.29 and a beta of 1.83.

AerCap (NYSE:AER) last posted its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $3.29 EPS for the quarter, beating the consensus estimate of $2.31 by $0.98. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.95 billion. AerCap had a net margin of 42.78% and a return on equity of 15.29%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.34 EPS. Sell-side analysts predict that AerCap Holdings will post 10.61 EPS for the current fiscal year.

AerCap Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Wednesday, May 22nd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Tuesday, May 21st. AerCap’s payout ratio is 6.51%.

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.