Point72 DIFC Ltd Makes New $247,000 Investment in AerCap Holdings (NYSE:AER)

Point72 DIFC Ltd purchased a new position in shares of AerCap Holdings (NYSE:AER) during the third quarter, Holdings Channel reports. The firm purchased 2,611 shares of the financial services provider’s stock, valued at approximately $247,000.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in AerCap by 89.9% during the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 134 shares in the last quarter. Mather Group LLC. boosted its position in AerCap by 230.1% during 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 in the last quarter. Truvestments Capital LLC purchased a new position in AerCap during the third quarter worth approximately $35,000. UMB Bank n.a. boosted its position in AerCap by 35.5% during the third quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 174 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new position in AerCap during the third quarter worth approximately $64,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Price Performance

AER stock opened at $95.91 on Friday. The business has a fifty day moving average of $96.18 and a two-hundred day moving average of $94.27. 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 stock has a market cap of $18.98 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 2.22 and a beta of 1.82. AerCap Holdings has a 52-week low of $69.15 and a 52-week high of $100.81.

AerCap (NYSE:AER) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, hitting the consensus estimate 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%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.81 earnings per share. As a group, research analysts anticipate that AerCap Holdings will post 11.26 earnings per share for the current year.

AerCap Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th were paid a $0.25 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.04%. AerCap’s payout ratio is presently 7.92%.

Wall Street Analyst Weigh In

AER has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 target price on shares of AerCap in a research report on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $112.00.

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.