Northwestern Mutual Wealth Management Co. Acquires 662 Shares of AerCap Holdings (NYSE:AER)

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of AerCap Holdings (NYSE:AER) by 32.6% in the second quarter, HoldingsChannel reports. The firm owned 2,694 shares of the financial services provider’s stock after acquiring an additional 662 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in AerCap were worth $251,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Donald Smith & CO. Inc. increased its stake in shares of AerCap by 0.3% in the first quarter. Donald Smith & CO. Inc. now owns 4,080,070 shares of the financial services provider’s stock valued at $354,599,000 after buying an additional 10,670 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of AerCap by 12.6% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,860,757 shares of the financial services provider’s stock worth $173,423,000 after acquiring an additional 208,407 shares during the last quarter. Castle Hook Partners LP acquired a new position in shares of AerCap during the first quarter worth approximately $94,062,000. AGF Management Ltd. grew its stake in shares of AerCap by 35.4% during the second quarter. AGF Management Ltd. now owns 1,068,447 shares of the financial services provider’s stock valued at $99,579,000 after purchasing an additional 279,561 shares during the last quarter. Finally, Palestra Capital Management LLC acquired a new stake in shares of AerCap in the fourth quarter valued at approximately $76,027,000. Institutional investors own 96.42% of the company’s stock.

AerCap Stock Up 1.1 %

Shares of AerCap stock opened at $95.20 on Thursday. AerCap Holdings has a 12 month low of $57.84 and a 12 month high of $98.79. The business has a fifty day simple moving average of $93.52 and a 200 day simple moving average of $91.44. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 2.69. The stock has a market cap of $18.84 billion, a PE ratio of 6.19, a price-to-earnings-growth ratio of 2.16 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the company earned $2.56 EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Research analysts predict that AerCap Holdings will post 11.33 EPS for the current 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 given a dividend of $0.25 per share. The ex-dividend date was Wednesday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. AerCap’s dividend payout ratio is 6.51%.

Wall Street Analyst Weigh In

Several research firms have issued reports on AER. TD Cowen reaffirmed a “buy” rating and set a $125.00 price objective on shares of AerCap in a report on Monday, July 29th. Susquehanna raised their price target on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a report on Friday, August 2nd. Finally, Barclays boosted their price objective on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, AerCap has an average rating of “Moderate Buy” and an average 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.