TD Private Client Wealth LLC Purchases New Shares in AerCap Holdings (NYSE:AER)

TD Private Client Wealth LLC purchased a new stake in AerCap Holdings (NYSE:AER) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 823 shares of the financial services provider’s stock, valued at approximately $78,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp boosted its position in shares of AerCap by 8.3% in the 3rd quarter. State Street Corp now owns 4,862,517 shares of the financial services provider’s stock valued at $460,579,000 after purchasing an additional 370,906 shares during the period. Donald Smith & CO. Inc. boosted its position in shares of 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 purchasing an additional 23,994 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of AerCap by 12.6% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,860,757 shares of the financial services provider’s stock valued at $173,423,000 after purchasing an additional 208,407 shares during the period. FMR LLC boosted its position in shares of AerCap by 1.3% in the 3rd quarter. FMR LLC now owns 1,737,476 shares of the financial services provider’s stock valued at $164,574,000 after purchasing an additional 22,346 shares during the period. Finally, Soros Fund Management LLC boosted its position in shares of AerCap by 2.1% in the 3rd quarter. Soros Fund Management LLC now owns 1,589,896 shares of the financial services provider’s stock valued at $150,595,000 after purchasing an additional 32,911 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Trading Up 0.7 %

Shares of NYSE AER opened at $95.66 on Monday. AerCap Holdings has a one year low of $70.48 and a one year high of $100.81. The firm has a market capitalization of $18.93 billion, a PE ratio of 7.58, a PEG ratio of 2.17 and a beta of 1.82. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The business has a 50-day moving average price of $96.39 and a two-hundred day moving average price of $94.43.

AerCap (NYSE:AER) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, hitting analysts’ consensus estimates 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 during 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% compared to the same quarter last year. As a group, analysts predict that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.

AerCap Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Wednesday, November 13th. AerCap’s dividend payout ratio (DPR) is presently 7.92%.

Analyst Ratings Changes

A number of research firms recently weighed in on AER. 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 report on Tuesday, October 22nd. The Goldman Sachs Group restated a “buy” rating and set a $119.00 price objective on shares of AerCap in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, 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.