River Road Asset Management LLC Makes New $3.72 Million Investment in AerCap Holdings (NYSE:AER)

River Road Asset Management LLC acquired a new position in shares of AerCap Holdings (NYSE:AER) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 39,291 shares of the financial services provider’s stock, valued at approximately $3,722,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AER. Dupree Financial Group LLC lifted its stake in shares of AerCap by 0.4% in the 3rd quarter. Dupree Financial Group LLC now owns 28,395 shares of the financial services provider’s stock valued at $2,690,000 after purchasing an additional 121 shares during the last quarter. Inspire Advisors LLC raised its holdings in shares of AerCap by 1.5% in the 1st quarter. Inspire Advisors LLC now owns 8,150 shares of the financial services provider’s stock valued at $708,000 after buying an additional 124 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of AerCap by 1.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,919 shares of the financial services provider’s stock valued at $645,000 after buying an additional 129 shares during the period. Blue Trust Inc. raised its holdings in shares of AerCap by 89.9% in the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after buying an additional 134 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of AerCap by 3.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 4,935 shares of the financial services provider’s stock valued at $460,000 after buying an additional 146 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AER. TD Cowen restated a “buy” rating and set a $125.00 price target on shares of AerCap in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their price target on AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Susquehanna upped their price target on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a report on Friday, August 2nd. Finally, Barclays increased their price objective on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $110.83.

AerCap Trading Up 1.8 %

AER opened at $95.66 on Wednesday. AerCap Holdings has a one year low of $63.34 and a one year high of $99.30. The company has a market cap of $18.93 billion, a P/E ratio of 7.58, a PEG ratio of 2.13 and a beta of 1.83. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The business’s 50-day simple moving average is $94.81 and its 200-day simple moving average is $92.88.

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

AerCap Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. AerCap’s dividend payout ratio (DPR) is presently 7.92%.

AerCap Company 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.