Transform Wealth LLC Buys 43,849 Shares of AerCap Holdings (NYSE:AER)

Transform Wealth LLC lifted its stake in shares of AerCap Holdings (NYSE:AER) by 63.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,589 shares of the financial services provider’s stock after purchasing an additional 43,849 shares during the quarter. Transform Wealth LLC owned about 0.06% of AerCap worth $10,664,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AER. Castle Hook Partners LP bought a new position in shares of AerCap during the 1st quarter worth about $94,062,000. Point72 Asset Management L.P. lifted its position in AerCap by 182.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 663,587 shares of the financial services provider’s stock valued at $61,846,000 after acquiring an additional 428,487 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in AerCap by 3,568.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 427,756 shares of the financial services provider’s stock valued at $40,517,000 after acquiring an additional 416,096 shares in the last quarter. Davidson Kempner Capital Management LP bought a new position in AerCap in the 2nd quarter valued at about $31,688,000. Finally, Kinetic Partners Management LP bought a new position in AerCap in the 1st quarter valued at about $26,151,000. Institutional investors own 96.42% of the company’s stock.

AerCap Stock Performance

Shares of AerCap stock traded up $1.14 during mid-day trading on Wednesday, hitting $98.28. 170,970 shares of the stock were exchanged, compared to its average volume of 1,474,534. AerCap Holdings has a 12 month low of $57.84 and a 12 month high of $98.79. The company has a 50-day simple moving average of $93.94 and a 200 day simple moving average of $91.64. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $19.45 billion, a P/E ratio of 6.32, a P/E/G ratio of 2.13 and a beta of 1.83.

AerCap (NYSE:AER) last posted its earnings results on Thursday, August 1st. The financial services provider reported $3.01 EPS for the quarter, topping the consensus estimate of $2.41 by $0.60. AerCap had a net margin of 42.02% and a return on equity of 15.12%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the firm earned $2.56 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. Sell-side analysts anticipate that AerCap Holdings will post 11.33 earnings per share for the current fiscal year.

AerCap Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.02%. AerCap’s payout ratio is currently 6.51%.

Analyst Ratings Changes

Several equities analysts recently weighed in on AER shares. TD Cowen reaffirmed a “buy” rating and issued a $125.00 price target on shares of AerCap in a research report on Monday, July 29th. Barclays raised their price target on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Susquehanna raised their price target on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $105.71.

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.