Darsana Capital Partners LP Makes New Investment in AerCap Holdings (NYSE:AER)

Darsana Capital Partners LP purchased a new stake in AerCap Holdings (NYSE:AER) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,000,000 shares of the financial services provider’s stock, valued at approximately $94,720,000. AerCap comprises approximately 2.3% of Darsana Capital Partners LP’s investment portfolio, making the stock its 13th largest position.

A number of other hedge funds have also modified their holdings of the business. Woodson Capital Management LP lifted its position in AerCap by 20.5% in the third quarter. Woodson Capital Management LP now owns 192,849 shares of the financial services provider’s stock valued at $18,267,000 after buying an additional 32,749 shares during the last quarter. Financial Counselors Inc. raised its stake in shares of AerCap by 7.8% in the 3rd quarter. Financial Counselors Inc. now owns 5,800 shares of the financial services provider’s stock valued at $549,000 after acquiring an additional 419 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of AerCap by 17.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 100,861 shares of the financial services provider’s stock worth $9,554,000 after acquiring an additional 14,800 shares during the last quarter. 140 Summer Partners LP boosted its position in shares of AerCap by 7.5% during the 3rd quarter. 140 Summer Partners LP now owns 965,340 shares of the financial services provider’s stock worth $91,437,000 after purchasing an additional 67,400 shares during the period. Finally, Blueshift Asset Management LLC increased its holdings in AerCap by 22.7% in the 3rd quarter. Blueshift Asset Management LLC now owns 10,308 shares of the financial services provider’s stock valued at $976,000 after purchasing an additional 1,909 shares during the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AER has been the topic of a number of research reports. The Goldman Sachs Group restated a “buy” rating and set a $119.00 price target on shares of AerCap in a research note on Thursday, November 21st. 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. Deutsche Bank Aktiengesellschaft lifted their target price on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Barclays increased their price target on shares of AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $112.00.

AerCap Price Performance

AER stock opened at $99.36 on Friday. AerCap Holdings has a 1 year low of $66.72 and a 1 year high of $100.81. The firm has a market capitalization of $19.67 billion, a P/E ratio of 7.87, a P/E/G ratio of 2.23 and a beta of 1.83. 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 business’s 50-day moving average is $96.01 and its two-hundred day moving average is $94.05.

AerCap (NYSE:AER) last issued its quarterly 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 company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the firm earned $2.81 earnings per share. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts anticipate that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.01%. AerCap’s payout ratio is currently 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.