Qsemble Capital Management LP Purchases Shares of 47,439 AerCap Holdings (NYSE:AER)

Qsemble Capital Management LP purchased a new position in shares of AerCap Holdings (NYSE:AER) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 47,439 shares of the financial services provider’s stock, valued at approximately $4,493,000. AerCap comprises about 0.8% of Qsemble Capital Management LP’s portfolio, making the stock its 25th largest position.

Several other hedge funds have also recently modified their holdings of AER. Blue Trust Inc. grew its position in AerCap by 89.9% during the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 134 shares during the last quarter. Mather Group LLC. grew its holdings in shares of AerCap by 230.1% during the second 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. Truvestments Capital LLC purchased a new position in AerCap in the 3rd quarter worth $35,000. UMB Bank n.a. raised its stake in AerCap by 35.5% in the 3rd quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 174 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in AerCap by 15.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 108 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

AER has been the topic of a number of research reports. Susquehanna increased their price objective on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a 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. Barclays lifted their price objective on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 target price on shares of AerCap in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, AerCap currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

AerCap Stock Performance

AER stock traded up $0.48 during midday trading on Monday, hitting $98.51. 151,558 shares of the stock traded hands, compared to its average volume of 1,427,629. The stock’s fifty day simple moving average is $95.62 and its 200-day simple moving average is $93.80. The firm has a market cap of $19.50 billion, a P/E ratio of 7.77, a PEG ratio of 2.21 and a beta of 1.83. AerCap Holdings has a 1-year low of $66.34 and a 1-year high of $99.68. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67.

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

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap’s dividend payout ratio is presently 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.