River Road Asset Management LLC Buys New Position in AerCap Holdings (NYSE:AER)

River Road Asset Management LLC acquired a new position in shares of AerCap Holdings (NYSE:AER) in the third quarter, Holdings Channel reports. The fund acquired 39,291 shares of the financial services provider’s stock, valued at approximately $3,722,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. lifted its position in AerCap by 0.3% during the 1st quarter. Donald Smith & CO. Inc. now owns 4,080,070 shares of the financial services provider’s stock worth $354,599,000 after acquiring an additional 10,670 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in AerCap by 12.6% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,860,757 shares of the financial services provider’s stock worth $173,423,000 after acquiring an additional 208,407 shares during the period. Castle Hook Partners LP acquired a new stake in AerCap during the 1st quarter worth approximately $94,062,000. AGF Management Ltd. lifted its position in AerCap by 35.4% during the 2nd quarter. AGF Management Ltd. now owns 1,068,447 shares of the financial services provider’s stock worth $99,579,000 after acquiring an additional 279,561 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in AerCap by 37.9% during the 1st quarter. Russell Investments Group Ltd. now owns 998,526 shares of the financial services provider’s stock worth $86,783,000 after acquiring an additional 274,558 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Stock Performance

NYSE AER opened at $95.66 on Wednesday. AerCap Holdings has a 1-year low of $63.34 and a 1-year high of $99.30. The company has a market capitalization of $18.93 billion, a P/E ratio of 7.58, a PEG ratio of 2.13 and a beta of 1.83. The business has a 50 day moving average price of $94.81 and a 200 day moving average price of $92.88. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67.

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

AerCap Dividend Announcement

The company also recently disclosed 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. This represents a $1.00 annualized dividend and a yield of 1.05%. The ex-dividend date is Wednesday, November 13th. AerCap’s payout ratio is currently 7.92%.

Analysts Set New Price Targets

A number of analysts have weighed in on AER shares. Deutsche Bank Aktiengesellschaft increased their price objective on AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. TD Cowen reissued a “buy” rating and issued a $125.00 price target on shares of AerCap in a report on Monday, July 29th. Susquehanna raised their price target on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a report on Friday, August 2nd. Finally, Barclays raised their price target on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $110.83.

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.