Corton Capital Inc. purchased a new stake in Aercap Holdings N.V. (NYSE:AER – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,543 shares of the financial services provider’s stock, valued at approximately $415,000. Aercap makes up about 0.5% of Corton Capital Inc.’s investment portfolio, making the stock its 26th largest holding.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Aercap by 2.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,465 shares of the financial services provider’s stock valued at $865,000 after buying an additional 219 shares during the last quarter. Mather Group LLC. raised its position in Aercap by 230.1% in the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 214 shares during the period. D.A. Davidson & CO. raised its position in shares of Aercap by 22.4% in the first quarter. D.A. Davidson & CO. now owns 13,808 shares of the financial services provider’s stock valued at $1,411,000 after purchasing an additional 2,531 shares during the period. OneDigital Investment Advisors LLC raised its position in shares of Aercap by 9.6% in the first quarter. OneDigital Investment Advisors LLC now owns 12,219 shares of the financial services provider’s stock valued at $1,248,000 after purchasing an additional 1,074 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Aercap by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 452,376 shares of the financial services provider’s stock valued at $46,219,000 after purchasing an additional 6,073 shares during the period. 96.42% of the stock is owned by institutional investors.
Aercap Price Performance
Shares of NYSE:AER opened at $130.28 on Monday. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.44 and a quick ratio of 0.44. Aercap Holdings N.V. has a 1-year low of $85.57 and a 1-year high of $131.87. The company has a market capitalization of $24.33 billion, a P/E ratio of 6.17, a P/E/G ratio of 2.50 and a beta of 1.40. The firm’s 50 day simple moving average is $122.65 and its two-hundred day simple moving average is $115.71.
Aercap Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Wednesday, November 12th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.8%. Aercap’s dividend payout ratio is presently 5.12%.
Analyst Ratings Changes
Several research firms have recently issued reports on AER. Weiss Ratings reissued a “buy (b+)” rating on shares of Aercap in a research report on Wednesday, October 8th. Susquehanna upped their price objective on shares of Aercap from $130.00 to $134.00 and gave the company a “positive” rating in a research note on Wednesday, August 13th. Cowen reissued a “buy” rating on shares of Aercap in a research report on Thursday. Morgan Stanley increased their price target on shares of Aercap from $111.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, July 17th. Finally, Zacks Research upgraded shares of Aercap from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.43.
Check Out Our Latest Analysis on Aercap
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.
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