Goldentree Asset Management LP Has $33.72 Million Stake in AerCap Holdings (NYSE:AER)

Goldentree Asset Management LP lowered its stake in AerCap Holdings (NYSE:AER) by 20.8% in the third quarter, HoldingsChannel.com reports. The firm owned 356,352 shares of the financial services provider’s stock after selling 93,648 shares during the quarter. AerCap comprises 2.7% of Goldentree Asset Management LP’s investment portfolio, making the stock its 13th largest position. Goldentree Asset Management LP’s holdings in AerCap were worth $33,717,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. increased its stake in shares of 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 during the period. Mather Group LLC. increased its position in AerCap by 230.1% in the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 214 shares during the period. Truvestments Capital LLC bought a new stake in AerCap during the 3rd quarter worth about $35,000. UMB Bank n.a. lifted its position in AerCap by 35.5% during the 3rd quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 174 shares during the period. Finally, Transamerica Financial Advisors Inc. bought a new position in shares of AerCap in the 3rd quarter valued at about $64,000. Institutional investors own 96.42% of the company’s stock.

AerCap Trading Down 1.2 %

AER opened at $99.09 on Friday. AerCap Holdings has a twelve month low of $66.34 and a twelve month high of $100.81. The firm has a market cap of $19.61 billion, a PE ratio of 7.85, a price-to-earnings-growth ratio of 2.23 and a beta of 1.83. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s fifty day moving average is $95.96 and its two-hundred day moving average is $93.99.

AerCap (NYSE:AER) last posted 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 in the previous year, the company posted $2.81 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts anticipate that AerCap Holdings will post 11.26 EPS for the current year.

AerCap Dividend Announcement

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 paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. AerCap’s payout ratio is 7.92%.

Wall Street Analyst Weigh In

AER has been the subject of a number of recent research reports. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 price target on shares of AerCap in a research note on Thursday, November 21st. Barclays lifted their target price on shares of AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their price target on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Susquehanna lifted their price objective on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently 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.