BNP PARIBAS ASSET MANAGEMENT Holding S.A. Raises Stock Position in AerCap Holdings (NYSE:AER)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of AerCap Holdings (NYSE:AER) by 1.7% in the third quarter, Holdings Channel.com reports. The fund owned 170,166 shares of the financial services provider’s stock after purchasing an additional 2,921 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in AerCap were worth $16,118,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. First Horizon Advisors Inc. increased its holdings in AerCap by 15.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 108 shares in the last quarter. Dupree Financial Group LLC increased its stake in shares of AerCap by 0.4% during the 3rd quarter. Dupree Financial Group LLC now owns 28,395 shares of the financial services provider’s stock worth $2,690,000 after purchasing an additional 121 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of AerCap by 1.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,919 shares of the financial services provider’s stock worth $645,000 after purchasing an additional 129 shares during the last quarter. Blue Trust Inc. lifted its stake in AerCap by 89.9% in the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after buying an additional 134 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in AerCap by 3.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 4,935 shares of the financial services provider’s stock valued at $460,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Stock Performance

Shares of AER stock opened at $98.03 on Friday. The firm has a market capitalization of $19.40 billion, a price-to-earnings ratio of 7.77, a price-to-earnings-growth ratio of 2.20 and a beta of 1.83. The company has a 50 day moving average price of $95.62 and a 200 day moving average price of $93.73. AerCap Holdings has a one year low of $66.34 and a one year high of $99.68. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67.

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 business 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 posted $2.81 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Sell-side analysts anticipate that AerCap Holdings will post 11.26 EPS for the current year.

AerCap Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap’s payout ratio is currently 7.92%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted 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. The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 target price on shares of AerCap in a research note on Thursday. Barclays raised their price target 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. Susquehanna upped their price objective on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Friday, August 2nd. Finally, TD Cowen reaffirmed a “buy” rating and issued a $125.00 target price on shares of AerCap in a research note on Monday, July 29th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, AerCap has a consensus rating of “Moderate Buy” and an average 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.