Y Intercept Hong Kong Ltd Grows Position in AerCap Holdings (NYSE:AER)

Y Intercept Hong Kong Ltd boosted its holdings in AerCap Holdings (NYSE:AER) by 353.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 19,778 shares of the financial services provider’s stock after buying an additional 15,412 shares during the period. Y Intercept Hong Kong Ltd’s holdings in AerCap were worth $1,873,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp grew its position in shares of AerCap by 8.3% during the third quarter. State Street Corp now owns 4,862,517 shares of the financial services provider’s stock worth $460,579,000 after acquiring an additional 370,906 shares during the last quarter. Donald Smith & CO. Inc. grew its holdings in AerCap by 0.7% in the 3rd quarter. Donald Smith & CO. Inc. now owns 3,525,307 shares of the financial services provider’s stock valued at $333,917,000 after buying an additional 23,994 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of 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 valued at $173,423,000 after acquiring an additional 208,407 shares in the last quarter. FMR LLC lifted its holdings in AerCap by 1.3% during the 3rd quarter. FMR LLC now owns 1,737,476 shares of the financial services provider’s stock valued at $164,574,000 after purchasing an additional 22,346 shares during the last quarter. Finally, Soros Fund Management LLC raised its stake in shares of AerCap by 2.1% in the third quarter. Soros Fund Management LLC now owns 1,589,896 shares of the financial services provider’s stock worth $150,595,000 after acquiring an additional 32,911 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Stock Up 1.1 %

AerCap stock opened at $96.33 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a 50 day moving average price of $96.25 and a 200-day moving average price of $94.35. AerCap Holdings has a twelve month low of $70.48 and a twelve month high of $100.81. The company has a market capitalization of $19.07 billion, a P/E ratio of 7.63, a P/E/G ratio of 2.16 and a beta of 1.82.

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

AerCap Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AER shares. The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 target price on shares of AerCap in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their price target on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AerCap presently has a consensus rating of “Moderate Buy” and an average target price of $112.00.

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.