Assenagon Asset Management S.A. Has $71.35 Million Stock Holdings in AerCap Holdings (NYSE:AER)

Assenagon Asset Management S.A. boosted its stake in shares of AerCap Holdings (NYSE:AER) by 176.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 753,267 shares of the financial services provider’s stock after purchasing an additional 480,551 shares during the period. Assenagon Asset Management S.A. owned 0.38% of AerCap worth $71,349,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Castle Hook Partners LP acquired a new stake in shares of AerCap in the first quarter valued at approximately $94,062,000. Point72 Asset Management L.P. lifted its position in shares of AerCap by 182.3% in the second quarter. Point72 Asset Management L.P. now owns 663,587 shares of the financial services provider’s stock valued at $61,846,000 after buying an additional 428,487 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in shares of AerCap by 3,568.6% in the third quarter. Wedge Capital Management L L P NC now owns 427,756 shares of the financial services provider’s stock valued at $40,517,000 after buying an additional 416,096 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new stake in shares of AerCap in the second quarter valued at approximately $31,688,000. Finally, Kinetic Partners Management LP acquired a new stake in shares of AerCap in the first quarter valued at approximately $26,151,000. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Price Performance

AerCap stock traded down $0.27 during mid-day trading on Thursday, reaching $95.39. 139,756 shares of the company were exchanged, compared to its average volume of 1,455,224. The company has a fifty day simple moving average of $94.72 and a 200-day simple moving average of $92.13. AerCap Holdings has a 12 month low of $58.46 and a 12 month high of $99.30. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market cap of $18.88 billion, a PE ratio of 6.21, a PEG ratio of 2.13 and a beta of 1.83.

AerCap (NYSE:AER) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.60. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the company earned $2.56 EPS. The company’s revenue was up 1.8% on a year-over-year basis. As a group, equities research analysts expect that AerCap Holdings will post 11.33 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 14th were paid a $0.25 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.05%. AerCap’s payout ratio is 6.51%.

Analyst Ratings Changes

AER has been the topic of a number of recent research reports. Barclays increased their target price on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their target price on AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday. TD Cowen reiterated a “buy” rating and set a $125.00 target price on shares of AerCap in a research note on Monday, July 29th. Finally, Susquehanna increased their target price on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, AerCap presently has an average rating of “Moderate Buy” and an average price target of $106.43.

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.