Wilmington Savings Fund Society FSB Acquires New Holdings in AerCap Holdings (NYSE:AER)

Wilmington Savings Fund Society FSB bought a new stake in shares of AerCap Holdings (NYSE:AER) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 23,871 shares of the financial services provider’s stock, valued at approximately $2,261,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of 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 buying an additional 134 shares during the period. Truvestments Capital LLC bought a new stake in AerCap during the 3rd quarter valued at $35,000. UMB Bank n.a. boosted 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 worth $63,000 after acquiring an additional 174 shares during the period. Transamerica Financial Advisors Inc. acquired a new position in AerCap during the 3rd quarter worth $64,000. Finally, Quantbot Technologies LP acquired a new position in shares of AerCap during the third quarter valued at $66,000. Institutional investors own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of 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 reissued a “buy” rating and set a $119.00 target price on shares of AerCap in a report on Thursday, November 21st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, AerCap has a consensus rating of “Moderate Buy” and an average price target of $112.00.

AerCap Stock Up 0.7 %

NYSE AER opened at $95.66 on Friday. The company has a market capitalization of $18.93 billion, a P/E ratio of 7.58, a PEG ratio of 2.17 and a beta of 1.82. AerCap Holdings has a 12 month low of $70.48 and a 12 month high of $100.81. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The company’s 50 day simple moving average is $96.39 and its 200 day simple moving average is $94.39.

AerCap (NYSE:AER) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, meeting analysts’ consensus estimates of $2.41. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.92 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.81 EPS. Equities research analysts expect that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.00 annualized dividend and a yield of 1.05%. AerCap’s payout ratio is presently 7.92%.

AerCap 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.