Short Interest in AerCap Holdings (NYSE:AER) Drops By 37.8%

AerCap Holdings (NYSE:AER) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 1,380,000 shares, a decrease of 37.8% from the October 15th total of 2,220,000 shares. Based on an average trading volume of 1,090,000 shares, the short-interest ratio is presently 1.3 days.

Analyst Ratings Changes

A number of research analysts recently commented on AER shares. Barclays raised their price objective on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Susquehanna raised their target price on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Friday, August 2nd. Finally, TD Cowen reiterated a “buy” rating and issued a $125.00 price target on shares of AerCap in a research report on Monday, July 29th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $110.83.

AerCap Stock Performance

Shares of NYSE AER opened at $95.22 on Friday. AerCap has a 52-week low of $66.34 and a 52-week high of $99.68. The stock has a market capitalization of $18.85 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 2.13 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. The stock’s fifty day simple moving average is $95.19 and its 200 day simple moving average is $93.39.

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

AerCap Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders 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 annualized dividend and a dividend yield of 1.05%. AerCap’s dividend payout ratio (DPR) is presently 7.92%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp boosted its position in AerCap by 8.3% during the 3rd quarter. State Street Corp now owns 4,862,517 shares of the financial services provider’s stock worth $460,579,000 after acquiring an additional 370,906 shares during the period. Donald Smith & CO. Inc. boosted its holdings in shares of AerCap by 0.3% during the first quarter. Donald Smith & CO. Inc. now owns 4,080,070 shares of the financial services provider’s stock worth $354,599,000 after purchasing an additional 10,670 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in AerCap by 12.6% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,860,757 shares of the financial services provider’s stock valued at $173,423,000 after purchasing an additional 208,407 shares in the last quarter. FMR LLC grew its position in AerCap by 1.3% during the third quarter. FMR LLC now owns 1,737,476 shares of the financial services provider’s stock valued at $164,574,000 after purchasing an additional 22,346 shares in the last quarter. Finally, Soros Fund Management LLC increased its stake in AerCap by 2.1% in the 3rd quarter. Soros Fund Management LLC now owns 1,589,896 shares of the financial services provider’s stock valued at $150,595,000 after buying an additional 32,911 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.

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.