Eagle Bay Advisors LLC Has $121,000 Position in AerCap Holdings (NYSE:AER)

Eagle Bay Advisors LLC raised its holdings in AerCap Holdings (NYSE:AER) by 1,148.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,261 shares of the financial services provider’s stock after acquiring an additional 1,160 shares during the quarter. Eagle Bay Advisors LLC’s holdings in AerCap were worth $121,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AER. B. Riley Wealth Advisors Inc. lifted its stake in shares of AerCap by 59.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider’s stock valued at $1,686,000 after purchasing an additional 6,654 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in AerCap by 2.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,077 shares of the financial services provider’s stock valued at $1,807,000 after buying an additional 451 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of AerCap by 66.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 279,803 shares of the financial services provider’s stock worth $26,503,000 after buying an additional 112,084 shares during the last quarter. KBC Group NV boosted its stake in shares of AerCap by 18.7% during the 3rd quarter. KBC Group NV now owns 350,888 shares of the financial services provider’s stock worth $33,236,000 after acquiring an additional 55,213 shares in the last quarter. Finally, Summit Global Investments acquired a new position in shares of AerCap during the 3rd quarter valued at about $667,000. 96.42% of the stock is owned by institutional investors.

AerCap Stock Performance

Shares of NYSE AER opened at $94.90 on Tuesday. AerCap Holdings has a 12 month low of $72.80 and a 12 month high of $100.81. The company has a market cap of $18.78 billion, a P/E ratio of 7.52, a P/E/G ratio of 2.17 and a beta of 1.82. The business’s 50 day moving average is $96.21 and its two-hundred day moving average is $94.89. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89.

AerCap (NYSE:AER) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the firm posted $2.81 earnings per share. AerCap’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts expect that AerCap Holdings will post 11.26 EPS for the current year.

AerCap Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AER. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 target price on shares of AerCap in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.