Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Aercap Holdings N.V. (NYSE:AER – Free Report) by 7.8% in the third quarter, Holdings Channel reports. The firm owned 309,714 shares of the financial services provider’s stock after purchasing an additional 22,438 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Aercap were worth $37,475,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also bought and sold shares of AER. Mather Group LLC. purchased a new position in shares of Aercap in the third quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Aercap during the second quarter valued at $43,000. Geneos Wealth Management Inc. increased its position in shares of Aercap by 26.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 94 shares during the period. Whittier Trust Co. purchased a new position in Aercap in the 2nd quarter worth $53,000. Finally, Toth Financial Advisory Corp lifted its position in Aercap by 66.7% during the 3rd quarter. Toth Financial Advisory Corp now owns 500 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.
Aercap Stock Up 0.4%
Shares of AER stock opened at $143.20 on Thursday. Aercap Holdings N.V. has a twelve month low of $85.57 and a twelve month high of $149.24. The stock has a market cap of $26.75 billion, a P/E ratio of 6.78, a P/E/G ratio of 0.73 and a beta of 1.08. The stock has a 50 day moving average of $140.37 and a 200 day moving average of $127.06. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.43.
Aercap Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Wednesday, November 12th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $1.08 dividend on an annualized basis and a yield of 0.8%. Aercap’s payout ratio is presently 5.12%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on AER. Morgan Stanley increased their price objective on Aercap from $120.00 to $150.00 and gave the company an “equal weight” rating in a report on Tuesday, November 11th. Bank of America upped their target price on Aercap from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Aercap in a report on Wednesday, October 8th. Susquehanna lifted their price objective on shares of Aercap from $134.00 to $157.00 and gave the company a “positive” rating in a research note on Tuesday, November 11th. Finally, Barclays upped their price objective on shares of Aercap from $144.00 to $162.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $148.86.
Get Our Latest Stock Report on Aercap
About Aercap
AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.
Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
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