Point72 Asia Singapore Pte. Ltd. Acquires Shares of 7,397 AerCap Holdings (NYSE:AER)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in AerCap Holdings (NYSE:AER) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,397 shares of the financial services provider’s stock, valued at approximately $701,000.

Several other institutional investors also recently bought and sold shares of the company. Donald Smith & CO. Inc. increased its stake in AerCap by 0.7% in the 3rd quarter. Donald Smith & CO. Inc. now owns 3,525,307 shares of the financial services provider’s stock valued at $333,917,000 after buying an additional 23,994 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of 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 boosted its position in shares of 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. boosted its position in shares of 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 purchased a new stake in shares of AerCap during the 3rd quarter worth $94,720,000. 96.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. The Goldman Sachs Group restated a “buy” rating and set a $119.00 target price on shares of AerCap in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

AerCap Price Performance

AerCap stock opened at $99.36 on Monday. AerCap Holdings has a 52 week low of $66.72 and a 52 week high of $100.81. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm’s 50-day simple moving average is $96.01 and its 200 day simple moving average 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 announced its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, meeting the consensus estimate of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the company posted $2.81 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts predict that AerCap Holdings will post 11.26 EPS for the current fiscal year.

AerCap Announces Dividend

The company 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 $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 payout ratio is 7.92%.

About AerCap

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.