10,314 Shares in AerCap Holdings N.V. $AER Acquired by Rakuten Investment Management Inc.

Key Points

• Rakuten Investment Management opened a position in AerCap, buying 10,314 shares valued at approximately $1.5 million. Institutional investors collectively own 96.42% of the company’s stock.
• AerCap reported quarterly EPS of $6.56, beating the $4.56 consensus estimate, while revenue of $2.42 billion also exceeded expectations and rose 4.6% year over year.
• Analysts maintain a consensus Buy rating with an average price target of $185.88; several firms recently raised their targets, including JPMorgan to $200.

Rakuten Investment Management Inc. purchased a new position in AerCap Holdings N.V. (NYSE:AER - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,314 shares of the financial services provider's stock, valued at approximately $1,497,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its stake in shares of AerCap by 29.2% in the first quarter. Public Employees Retirement System of Ohio now owns 92,152 shares of the financial services provider's stock worth $12,641,000 after buying an additional 20,808 shares in the last quarter. Saudi Central Bank grew its holdings in shares of AerCap by 113.6% during the second quarter. Saudi Central Bank now owns 133,910 shares of the financial services provider's stock valued at $19,521,000 after buying an additional 71,218 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of AerCap by 10.2% during the third quarter. Assenagon Asset Management S.A. now owns 358,577 shares of the financial services provider's stock valued at $51,463,000 after acquiring an additional 33,240 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of AerCap by 321.1% during the second quarter. Handelsbanken Fonder AB now owns 47,700 shares of the financial services provider's stock valued at $6,954,000 after acquiring an additional 36,373 shares in the last quarter. Finally, Coppell Advisory Solutions LLC increased its position in shares of AerCap by 441.2% during the second quarter. Coppell Advisory Solutions LLC now owns 23,679 shares of the financial services provider's stock valued at $3,452,000 after acquiring an additional 19,304 shares in the last quarter. Institutional investors own 96.42% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of AerCap from $165.00 to $175.00 and gave the stock an "equal weight" rating in a report on Thursday, October 29th. Weiss Ratings upgraded AerCap from a "buy (a-)" rating to a "buy (a)" rating in a research note on Friday, October 30th. Truist Financial lifted their target price on AerCap from $180.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, October 29th. JPMorgan Chase & Co. lifted their target price on AerCap from $183.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, October 29th. Finally, Zacks Research upgraded AerCap from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 2nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $185.88.

AerCap Stock Performance

Shares of NYSE AER opened at $169.31 on Friday. The firm's 50-day moving average price is $147.49 and its 200-day moving average price is $145.16. AerCap Holdings N.V. has a 52-week low of $129.85 and a 52-week high of $170.58. The company has a market cap of $28.25 billion, a PE ratio of 8.68, a PEG ratio of 0.57 and a beta of 0.99. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 2.32.

AerCap (NYSE:AER - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $6.56 earnings per share for the quarter, beating the consensus estimate of $4.56 by $2.00. The firm had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.15 billion. AerCap had a net margin of 34.47% and a return on equity of 18.26%. The firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $4.97 earnings per share. As a group, analysts anticipate that AerCap Holdings N.V. will post 22.30 EPS for the current year.

AerCap Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Wednesday, November 11th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, November 10th. AerCap's payout ratio is 8.20%.

About AerCap

AerCap Holdings N.V. is a global aviation leasing company headquartered in Dublin, Ireland, and listed on the New York Stock Exchange under the symbol AER. Through its subsidiaries, AerCap owns, manages and leases commercial aircraft, engines and helicopters to airlines and other aviation customers worldwide.

The company provides operating leases, finance leases, aircraft trading and asset management services. Its fleet portfolio includes aircraft from major manufacturers such as Airbus and Boeing, as well as engines and helicopters.

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