Mitsubishi UFJ Trust & Banking Corp increased its stake in Aercap Holdings N.V. (NYSE:AER – Free Report) by 14.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 284,473 shares of the financial services provider’s stock after buying an additional 35,361 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.15% of Aercap worth $34,421,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in AER. Mather Group LLC. acquired a new position in Aercap during the 3rd quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Aercap in the 2nd quarter valued at about $43,000. Geneos Wealth Management Inc. lifted its position in shares of Aercap by 26.6% during the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 94 shares during the last quarter. Whittier Trust Co. acquired a new position in Aercap in the second quarter worth about $53,000. Finally, Toth Financial Advisory Corp grew its stake in Aercap by 66.7% in the third quarter. Toth Financial Advisory Corp now owns 500 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 200 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors.
Aercap Stock Up 0.6%
Shares of Aercap stock opened at $144.86 on Monday. The stock has a market capitalization of $27.06 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 0.74 and a beta of 1.08. Aercap Holdings N.V. has a twelve month low of $85.57 and a twelve month high of $149.24. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.43. The business’s 50 day simple moving average is $140.67 and its 200-day simple moving average is $127.55.
Aercap Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Wednesday, November 12th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, November 12th. Aercap’s dividend payout ratio (DPR) is 5.12%.
Analysts Set New Price Targets
Several analysts have issued reports on AER shares. Morgan Stanley upped their price objective on Aercap from $120.00 to $150.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 11th. Zacks Research downgraded Aercap from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Truist Financial assumed coverage on Aercap in a research report on Tuesday, December 9th. They set a “buy” rating and a $159.00 price target on the stock. Bank of America lifted their price objective on shares of Aercap from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Finally, Barclays boosted their target price on shares of Aercap from $144.00 to $162.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Seven 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.86.
Aercap Profile
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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