AerCap Holdings N.V. (NYSE:AER) Shares Shorted: Short Interest Down 35.8% in October

AerCap Holdings N.V. (NYSE:AER) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 2,541,166 shares, a drop of 35.8% from the September 30th total of 3,956,364 shares. Based on an average daily volume of 1,001,167 shares, the short-interest ratio is presently 2.5 days. Currently, 1.5% of the company’s stock are sold short.

Hedge Funds Weigh In On AerCap

Several institutional investors have recently made changes to their positions in the business. Donald Smith & CO. Inc. purchased a new stake in shares of AerCap in the 2nd quarter worth approximately $424,585,000. Ninety One UK Ltd boosted its stake in shares of AerCap by 12.0% during the third quarter. Ninety One UK Ltd now owns 2,275,507 shares of the financial services provider’s stock valued at $326,581,000 after purchasing an additional 243,488 shares in the last quarter. SEB Asset Management AB bought a new position in shares of AerCap during the first quarter valued at approximately $21,373,000. Sei Investments Co. boosted its stake in shares of AerCap by 23.2% during the first quarter. Sei Investments Co. now owns 769,611 shares of the financial services provider’s stock valued at $105,575,000 after purchasing an additional 144,857 shares in the last quarter. Finally, Swiss National Bank increased its holdings in AerCap by 20.4% during the first quarter. Swiss National Bank now owns 579,800 shares of the financial services provider’s stock valued at $79,537,000 after buying an additional 98,200 shares during the period. Institutional investors own 96.42% of the company’s stock.

AerCap Trading Down 0.7%

AER opened at $162.26 on Wednesday. The business has a 50 day simple moving average of $146.35 and a two-hundred day simple moving average of $144.80. AerCap has a one year low of $129.69 and a one year high of $165.19. The firm has a market capitalization of $27.08 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 0.57 and a beta of 0.99. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.41 and a quick ratio of 0.41.

AerCap (NYSE:AER) last posted its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $6.56 earnings per share for the quarter, beating the consensus estimate of $4.56 by $2.00. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.15 billion. AerCap had a return on equity of 18.26% and a net margin of 34.47%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $4.97 EPS. Analysts predict that AerCap will post 21.47 EPS for the current year.

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Wednesday, November 11th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, November 10th. AerCap’s payout ratio is presently 8.20%.

Analysts Set New Price Targets

Several research analysts recently issued reports on AER shares. Truist Financial lifted their target price on AerCap from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Barclays raised their price target on shares of AerCap from $179.00 to $181.00 and gave the stock an “overweight” rating in a research note on Thursday, October 29th. Morgan Stanley lifted their price objective on AerCap from $165.00 to $175.00 and gave the stock an “equal weight” rating in a report on Thursday, October 29th. TD Cowen boosted their target price on shares of AerCap from $185.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Finally, JPMorgan Chase & Co. upped their price target on AerCap from $183.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, AerCap presently has an average rating of “Moderate Buy” and a consensus target price of $185.88.

AerCap Company Profile

AerCap Holdings N.V. is a global aviation leasing company headquartered in Dublin, Ireland, and listed on the New York Stock Exchange under the symbol AER. Through its subsidiaries, AerCap owns, manages and leases commercial aircraft, engines and helicopters to airlines and other aviation customers worldwide.

The company provides operating leases, finance leases, aircraft trading and asset management services. Its fleet portfolio includes aircraft from major manufacturers such as Airbus and Boeing, as well as engines and helicopters.