Seven Eight Capital LP Purchases 778 Shares of AerCap Holdings (NYSE:AER)

Seven Eight Capital LP raised its position in AerCap Holdings (NYSE:AER) by 9.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,800 shares of the financial services provider’s stock after purchasing an additional 778 shares during the period. Seven Eight Capital LP’s holdings in AerCap were worth $765,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AER. Trust Co. of Vermont bought a new stake in AerCap in the fourth quarter valued at approximately $27,000. Assetmark Inc. bought a new stake in AerCap in the fourth quarter valued at approximately $42,000. CVA Family Office LLC bought a new stake in AerCap in the first quarter valued at approximately $52,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of 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 buying an additional 10,159 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in shares of AerCap by 210.3% in the first quarter. Global Retirement Partners LLC now owns 754 shares of the financial services provider’s stock valued at $66,000 after buying an additional 511 shares during the period. Institutional investors own 96.42% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays upped their price target on shares of AerCap from $94.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Morgan Stanley assumed coverage on shares of AerCap in a report on Friday, June 7th. They issued an “equal weight” rating and a $103.00 price target for the company. Susquehanna upped their price target on shares of AerCap from $90.00 to $100.00 and gave the company a “positive” rating in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of AerCap from $95.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Finally, TD Cowen upped their price target on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, AerCap currently has an average rating of “Moderate Buy” and an average price target of $99.44.

AerCap Stock Up 0.5 %

AerCap stock traded up $0.46 during mid-day trading on Tuesday, reaching $95.46. The company’s stock had a trading volume of 817,671 shares, compared to its average volume of 1,544,457. The company has a market capitalization of $18.89 billion, a price-to-earnings ratio of 6.21, a price-to-earnings-growth ratio of 2.24 and a beta of 1.83. AerCap Holdings has a 12 month low of $57.30 and a 12 month high of $98.79. The business’s 50 day simple moving average is $92.91 and its 200 day simple moving average is $85.54. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.26 and a current ratio of 0.26.

AerCap (NYSE:AER) last released its earnings results on Wednesday, May 8th. The financial services provider reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.98. AerCap had a net margin of 42.78% and a return on equity of 15.29%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the firm earned $2.34 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, research analysts anticipate that AerCap Holdings will post 10.61 earnings per share for the current year.

AerCap Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Wednesday, May 22nd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Tuesday, May 21st. AerCap’s dividend payout ratio (DPR) is presently 6.51%.

About AerCap

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.