Freemont Management S.A. Invests $1.50 Million in AerCap Holdings (NYSE:AER)

Freemont Management S.A. bought a new stake in AerCap Holdings (NYSE:AER) during the third quarter, HoldingsChannel.com reports. The fund bought 15,800 shares of the financial services provider’s stock, valued at approximately $1,497,000.

Other hedge funds also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its position in AerCap by 21.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 12,437 shares of the financial services provider’s stock worth $1,081,000 after acquiring an additional 2,157 shares during the last quarter. Entropy Technologies LP acquired a new position in AerCap in the first quarter valued at $256,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in AerCap by 9.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 157,974 shares of the financial services provider’s stock worth $13,730,000 after buying an additional 13,882 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in AerCap by 19.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,949 shares of the financial services provider’s stock valued at $9,643,000 after buying an additional 17,750 shares during the period. Finally, Glaxis Capital Management LLC increased its stake in shares of AerCap by 12.0% during the 1st quarter. Glaxis Capital Management LLC now owns 28,000 shares of the financial services provider’s stock valued at $2,433,000 after acquiring an additional 3,000 shares during the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AER. Deutsche Bank Aktiengesellschaft boosted their target price on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Susquehanna lifted their target price on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a report on Friday, August 2nd. Barclays upped their price target on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, TD Cowen reaffirmed a “buy” rating and set a $125.00 price target on shares of AerCap in a research report on Monday, July 29th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.83.

AerCap Price Performance

Shares of NYSE AER opened at $94.60 on Thursday. The business has a 50 day moving average price of $95.03 and a two-hundred day moving average price of $93.32. AerCap Holdings has a fifty-two week low of $66.06 and a fifty-two week high of $99.68. The firm has a market cap of $18.72 billion, a PE ratio of 7.50, a price-to-earnings-growth ratio of 2.15 and a beta of 1.83. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89.

AerCap (NYSE:AER) last announced its quarterly earnings data 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 company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the business earned $2.81 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Sell-side analysts expect that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.

AerCap Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap’s dividend payout ratio is presently 7.92%.

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.