Park Avenue Securities LLC Raises Holdings in AerCap Holdings (NYSE:AER)

Park Avenue Securities LLC increased its position in AerCap Holdings (NYSE:AER) by 17.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 22,173 shares of the financial services provider’s stock after purchasing an additional 3,292 shares during the period. Park Avenue Securities LLC’s holdings in AerCap were worth $2,122,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AER. Franklin Resources Inc. increased its position in AerCap by 5.3% during the third quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider’s stock worth $545,726,000 after buying an additional 282,980 shares during the period. State Street Corp grew its position in shares of AerCap by 8.3% during the third 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 last quarter. Donald Smith & CO. Inc. increased its holdings in shares of AerCap by 0.7% in the 3rd quarter. Donald Smith & CO. Inc. now owns 3,525,307 shares of the financial services provider’s stock valued at $333,917,000 after acquiring an additional 23,994 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of AerCap by 12.6% in the 2nd 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 acquiring an additional 208,407 shares during the period. Finally, FMR LLC raised its position in AerCap by 1.3% in the 3rd 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 during the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AER. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price objective on shares of AerCap in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft boosted 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, AerCap currently has a consensus rating of “Moderate Buy” and an average price target of $112.00.

AerCap Stock Up 0.1 %

Shares of NYSE:AER opened at $95.93 on Friday. AerCap Holdings has a fifty-two week low of $73.78 and a fifty-two week high of $100.81. 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 firm’s 50-day simple moving average is $96.12 and its 200-day simple moving average is $94.96. The company has a market cap of $18.99 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 2.05 and a beta of 1.82.

AerCap (NYSE:AER) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.41. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.81 EPS. As a group, equities research analysts predict that AerCap Holdings will post 11.26 earnings per share for the current year.

AerCap Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Wednesday, November 13th. AerCap’s payout ratio is 7.92%.

AerCap 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.