7,314 Shares in AerCap Holdings (NYSE:AER) Acquired by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC purchased a new stake in AerCap Holdings (NYSE:AER) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 7,314 shares of the financial services provider’s stock, valued at approximately $682,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Luxor Capital Group LP increased its stake in shares of AerCap by 71.6% in the 2nd quarter. Luxor Capital Group LP now owns 427,769 shares of the financial services provider’s stock valued at $39,868,000 after acquiring an additional 178,440 shares in the last quarter. Mackenzie Financial Corp increased its stake in AerCap by 13.7% in the second quarter. Mackenzie Financial Corp now owns 290,913 shares of the financial services provider’s stock valued at $27,113,000 after purchasing an additional 34,944 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in AerCap by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 74,431 shares of the financial services provider’s stock valued at $6,937,000 after purchasing an additional 1,150 shares in the last quarter. MBB Public Markets I LLC raised its holdings in shares of AerCap by 173.1% during the second quarter. MBB Public Markets I LLC now owns 13,708 shares of the financial services provider’s stock valued at $1,278,000 after purchasing an additional 8,688 shares during the period. Finally, APG Asset Management N.V. boosted its position in shares of AerCap by 257.4% during the 2nd quarter. APG Asset Management N.V. now owns 27,353 shares of the financial services provider’s stock worth $2,379,000 after purchasing an additional 19,700 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Susquehanna upped their price target on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. TD Cowen reaffirmed a “buy” rating and set a $125.00 target price on shares of AerCap in a research report on Monday, July 29th. Morgan Stanley assumed coverage on AerCap in a report on Friday, June 7th. They issued an “equal weight” rating and a $103.00 target price on the stock. Finally, Barclays boosted their price target 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. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $102.38.

AerCap Trading Up 0.5 %

NYSE AER opened at $94.93 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 2.69. The business has a fifty day simple moving average of $93.50 and a 200 day simple moving average of $90.96. AerCap Holdings has a 12 month low of $57.30 and a 12 month high of $98.79. The firm has a market capitalization of $18.79 billion, a P/E ratio of 6.18, a PEG ratio of 2.16 and a beta of 1.83.

AerCap (NYSE:AER) last announced its earnings results on Thursday, August 1st. The financial services provider reported $3.01 EPS for the quarter, beating 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 company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the company posted $2.56 earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts predict that AerCap Holdings will post 11.33 EPS for the current fiscal year.

AerCap Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th were given 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 1.05%. AerCap’s dividend payout ratio is currently 6.51%.

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.