Point72 Asia Singapore Pte. Ltd. Takes $701,000 Position in AerCap Holdings (NYSE:AER)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of AerCap Holdings (NYSE:AER) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,397 shares of the financial services provider’s stock, valued at approximately $701,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Donald Smith & CO. Inc. increased its position in AerCap by 0.7% during the 3rd quarter. Donald Smith & CO. Inc. now owns 3,525,307 shares of the financial services provider’s stock worth $333,917,000 after purchasing an additional 23,994 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in AerCap by 12.6% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,860,757 shares of the financial services provider’s stock worth $173,423,000 after purchasing an additional 208,407 shares in the last quarter. FMR LLC increased its position in AerCap by 1.3% during the 3rd quarter. FMR LLC now owns 1,737,476 shares of the financial services provider’s stock worth $164,574,000 after purchasing an additional 22,346 shares in the last quarter. AGF Management Ltd. increased its position in AerCap by 35.4% during the 2nd quarter. AGF Management Ltd. now owns 1,068,447 shares of the financial services provider’s stock worth $99,579,000 after purchasing an additional 279,561 shares in the last quarter. Finally, Darsana Capital Partners LP acquired a new stake in AerCap during the 3rd quarter worth approximately $94,720,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Price Performance

Shares of NYSE AER opened at $99.36 on Monday. AerCap Holdings has a 1-year low of $66.72 and a 1-year high of $100.81. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The business’s fifty day moving average price is $96.01 and its two-hundred day moving average price is $94.08. The firm has a market capitalization of $19.67 billion, a PE ratio of 7.87, a P/E/G ratio of 2.24 and a beta of 1.83.

AerCap (NYSE:AER) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting the consensus estimate of $2.41. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the company earned $2.81 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, research analysts expect that AerCap Holdings will post 11.26 EPS for the current year.

AerCap Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap’s dividend payout ratio is presently 7.92%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price target on shares of AerCap in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upped their price target on AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $112.00.

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.