HighVista Strategies LLC Boosts Stock Holdings in AerCap Holdings (NYSE:AER)

HighVista Strategies LLC lifted its holdings in shares of AerCap Holdings (NYSE:AER) by 9.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,000 shares of the financial services provider’s stock after buying an additional 1,400 shares during the quarter. HighVista Strategies LLC’s holdings in AerCap were worth $1,610,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in AerCap by 2.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,077 shares of the financial services provider’s stock valued at $1,807,000 after acquiring an additional 451 shares during the period. Swedbank AB lifted its holdings in AerCap by 12.8% during the 2nd quarter. Swedbank AB now owns 96,244 shares of the financial services provider’s stock worth $8,970,000 after purchasing an additional 10,933 shares in the last quarter. KBC Group NV boosted its stake in AerCap by 18.7% in the 3rd quarter. KBC Group NV now owns 350,888 shares of the financial services provider’s stock worth $33,236,000 after purchasing an additional 55,213 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in AerCap by 66.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 279,803 shares of the financial services provider’s stock valued at $26,503,000 after buying an additional 112,084 shares in the last quarter. Finally, Atria Investments Inc purchased a new position in AerCap during the 1st quarter valued at about $1,187,000. 96.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AER has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group restated a “buy” rating and set a $119.00 price target on shares of AerCap in a research report on Thursday, November 21st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $112.00.

AerCap Price Performance

Shares of AerCap stock opened at $98.38 on Tuesday. The business’s 50-day moving average price is $96.04 and its 200-day moving average price is $94.14. The firm has a market capitalization of $19.47 billion, a PE ratio of 7.80, a price-to-earnings-growth ratio of 2.24 and a beta of 1.83. AerCap Holdings has a 12 month low of $68.00 and a 12 month high of $100.81. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89.

AerCap (NYSE:AER) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS 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 the consensus estimate of $1.92 billion. During the same period last year, the firm posted $2.81 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. Sell-side analysts forecast that AerCap Holdings will post 11.26 EPS for the current fiscal year.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.00 annualized dividend and a yield of 1.02%. AerCap’s payout ratio is 7.92%.

AerCap 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.