5,282 Shares in AerCap Holdings (NYSE:AER) Acquired by Choreo LLC

Choreo LLC purchased a new stake in AerCap Holdings (NYSE:AER) during the second quarter, HoldingsChannel.com reports. The fund purchased 5,282 shares of the financial services provider’s stock, valued at approximately $489,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of AerCap by 89.9% during the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 134 shares during the period. Trust Co. of Vermont acquired a new stake in shares of AerCap in the 4th quarter valued at about $27,000. Mather Group LLC. lifted its holdings in shares of AerCap by 230.1% in the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 214 shares in the last quarter. Assetmark Inc. acquired a new position in shares of AerCap during the fourth quarter worth about $42,000. Finally, CVA Family Office LLC bought a new position in shares of AerCap during the first quarter worth about $52,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Price Performance

AER stock opened at $93.82 on Monday. The stock has a market capitalization of $18.57 billion, a PE ratio of 6.10, a price-to-earnings-growth ratio of 2.06 and a beta of 1.83. The company’s 50-day moving average is $93.41 and its 200-day moving average is $89.84. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.29 and a quick ratio of 0.29. AerCap Holdings has a 1 year low of $57.30 and a 1 year high of $98.79.

AerCap (NYSE:AER) last released its earnings results on Thursday, August 1st. The financial services provider reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.60. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the business posted $2.56 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts expect that AerCap Holdings will post 11.33 EPS for the current fiscal year.

AerCap Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 14th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. AerCap’s dividend payout ratio (DPR) is currently 6.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AER shares. TD Cowen restated a “buy” rating and issued a $125.00 target price on shares of AerCap in a research note on Monday, July 29th. Morgan Stanley initiated coverage on shares of AerCap in a report on Friday, June 7th. They set an “equal weight” rating and a $103.00 target price on the stock. Barclays lifted their price objective 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 increased their price target on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $102.38.

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.