Axa S.A. Has $1.99 Million Stake in AerCap Holdings (NYSE:AER)

Axa S.A. grew its position in AerCap Holdings (NYSE:AER) by 45.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,319 shares of the financial services provider’s stock after acquiring an additional 6,615 shares during the period. Axa S.A.’s holdings in AerCap were worth $1,987,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. raised its stake in AerCap by 89.9% in the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after buying an additional 134 shares during the period. Trust Co. of Vermont acquired a new position in AerCap in the 4th quarter valued at about $27,000. Mather Group LLC. grew its stake in AerCap by 230.1% in the 2nd quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after buying an additional 214 shares during the last quarter. CVA Family Office LLC acquired a new stake in AerCap during the first quarter worth approximately $52,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of AerCap during the fourth quarter worth approximately $104,000. 96.42% of the stock is owned by institutional investors.

AerCap Price Performance

AerCap stock opened at $94.72 on Tuesday. The stock has a fifty day moving average of $93.50 and a 200-day moving average of $91.08. The stock has a market capitalization of $18.75 billion, a P/E ratio of 6.16, a price-to-earnings-growth ratio of 2.16 and a beta of 1.83. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.29 and a current ratio of 0.29. AerCap Holdings has a 52 week low of $57.30 and a 52 week high of $98.79.

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

AerCap Dividend Announcement

The company 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, August 14th. AerCap’s payout ratio is 6.51%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Morgan Stanley started coverage on AerCap in a research report on Friday, June 7th. They set an “equal weight” rating and a $103.00 price objective on the stock. Barclays increased their target price on shares of AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. TD Cowen reissued a “buy” rating and set a $125.00 price target on shares of AerCap in a research report on Monday, July 29th. Finally, Susquehanna upped their target price on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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.