Quadrature Capital Ltd Grows Stake in AerCap Holdings (NYSE:AER)

Quadrature Capital Ltd grew its stake in shares of AerCap Holdings (NYSE:AER) by 38.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 27,654 shares of the financial services provider’s stock after acquiring an additional 7,676 shares during the quarter. Quadrature Capital Ltd’s holdings in AerCap were worth $2,401,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in AerCap by 19.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,949 shares of the financial services provider’s stock worth $9,643,000 after buying an additional 17,750 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in AerCap by 13.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 83,931 shares of the financial services provider’s stock worth $62,000 after buying an additional 10,159 shares in the last quarter. California Public Employees Retirement System increased its position in AerCap by 22.2% during the fourth quarter. California Public Employees Retirement System now owns 358,689 shares of the financial services provider’s stock worth $26,658,000 after buying an additional 65,082 shares in the last quarter. Desjardins Global Asset Management Inc. increased its position in AerCap by 281.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 25,957 shares of the financial services provider’s stock worth $1,929,000 after buying an additional 19,152 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in AerCap by 23.9% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Trading Up 0.4 %

AerCap stock traded up $0.38 during midday trading on Friday, reaching $93.58. The stock had a trading volume of 1,229,252 shares, compared to its average volume of 1,287,783. AerCap Holdings has a twelve month low of $57.30 and a twelve month high of $98.79. The stock has a market capitalization of $18.52 billion, a PE ratio of 6.09, a price-to-earnings-growth ratio of 2.24 and a beta of 1.83. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.26 and a current ratio of 0.26. The stock’s 50-day simple moving average is $93.01 and its 200 day simple moving average is $85.79.

AerCap (NYSE:AER) last issued 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 return on equity of 15.29% and a net margin of 42.78%. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations 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. Analysts expect that AerCap Holdings will post 10.61 EPS for the current year.

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Wednesday, May 22nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Tuesday, May 21st. AerCap’s dividend payout ratio (DPR) is presently 6.51%.

Wall Street Analysts Forecast Growth

AER has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on AerCap from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Barclays raised their price objective on AerCap from $94.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Susquehanna raised their price objective on AerCap from $90.00 to $100.00 and gave the stock a “positive” rating in a report on Thursday, May 2nd. Morgan Stanley initiated coverage on AerCap in a report on Friday, June 7th. They set an “equal weight” rating and a $103.00 price objective on the stock. Finally, TD Cowen raised 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. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $99.44.

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.