Janney Montgomery Scott LLC Boosts Holdings in AerCap Holdings (NYSE:AER)

Janney Montgomery Scott LLC grew its position in AerCap Holdings (NYSE:AER) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 422,775 shares of the financial services provider’s stock after acquiring an additional 13,426 shares during the quarter. Janney Montgomery Scott LLC’s holdings in AerCap were worth $40,045,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Castle Hook Partners LP bought a new stake in shares of AerCap during the 1st quarter worth approximately $94,062,000. Assenagon Asset Management S.A. lifted its position in shares of AerCap by 176.2% during the third quarter. Assenagon Asset Management S.A. now owns 753,267 shares of the financial services provider’s stock worth $71,349,000 after purchasing an additional 480,551 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of AerCap by 182.3% during the second quarter. Point72 Asset Management L.P. now owns 663,587 shares of the financial services provider’s stock valued at $61,846,000 after purchasing an additional 428,487 shares during the period. Wedge Capital Management L L P NC grew its holdings in shares of AerCap by 3,568.6% in the third quarter. Wedge Capital Management L L P NC now owns 427,756 shares of the financial services provider’s stock worth $40,517,000 after purchasing an additional 416,096 shares during the last quarter. Finally, Davidson Kempner Capital Management LP purchased a new position in AerCap in the 2nd quarter worth about $31,688,000. Institutional investors own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

AER has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Susquehanna lifted 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. Barclays upped their price objective on shares of AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, TD Cowen reissued a “buy” rating and set a $125.00 target price on shares of AerCap in a research report on Monday, July 29th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.83.

AerCap Price Performance

AER opened at $94.31 on Monday. The firm has a market capitalization of $18.67 billion, a PE ratio of 7.47, a price-to-earnings-growth ratio of 2.22 and a beta of 1.83. The business’s 50-day moving average is $94.80 and its two-hundred day moving average is $92.65. AerCap Holdings has a 1 year low of $63.20 and a 1 year high of $99.30. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.29.

AerCap (NYSE:AER) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, meeting analysts’ consensus estimates of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the prior year, the company posted $2.81 earnings per share. AerCap’s revenue for the quarter was up 3.0% compared to the same quarter last year. Research analysts anticipate that AerCap Holdings will post 10.7 earnings per share for the current fiscal year.

AerCap Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.06%. The ex-dividend date is Wednesday, November 13th. AerCap’s dividend payout ratio is currently 7.92%.

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.