Hilltop Holdings Inc. Buys Shares of 2,493 AerCap Holdings (NYSE:AER)

Hilltop Holdings Inc. purchased a new stake in shares of AerCap Holdings (NYSE:AER) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,493 shares of the financial services provider’s stock, valued at approximately $236,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AER. First Horizon Advisors Inc. grew its position in shares of AerCap by 15.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 108 shares during the period. Dupree Financial Group LLC grew its holdings in shares of AerCap by 0.4% in the third quarter. Dupree Financial Group LLC now owns 28,395 shares of the financial services provider’s stock worth $2,690,000 after purchasing an additional 121 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in AerCap by 1.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,919 shares of the financial services provider’s stock valued at $645,000 after acquiring an additional 129 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of AerCap by 89.9% in the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock worth $25,000 after buying an additional 134 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of AerCap by 35.5% in the third quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock worth $63,000 after buying an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AER. The Goldman Sachs Group reiterated a “buy” rating and issued a $119.00 target price on shares of AerCap in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft boosted their price target 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. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, AerCap currently has a consensus rating of “Moderate Buy” and an average target price of $112.00.

AerCap Stock Down 0.4 %

Shares of NYSE AER opened at $95.91 on Friday. AerCap Holdings has a 52-week low of $69.15 and a 52-week high of $100.81. The business’s 50 day moving average is $96.18 and its two-hundred day moving average is $94.27. The firm has a market cap of $18.98 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 2.22 and a beta of 1.82. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89.

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, hitting analysts’ consensus estimates of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the business earned $2.81 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Research analysts predict that AerCap Holdings will post 11.26 EPS for the current year.

AerCap Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Wednesday, November 13th. AerCap’s dividend payout ratio (DPR) is presently 7.92%.

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.