13,000 Shares of AerCap Holdings N.V. $AER Purchased by Glaxis Capital Management LLC

Key Points

• Glaxis Capital Management opened a position in AerCap, buying 13,000 shares worth about $1.87 million. The stock represents 4.4% of the firm’s portfolio and is its seventh-largest holding.
• AerCap reported quarterly results above expectations, with EPS of $6.56 versus the $4.56 analyst consensus and revenue of $2.42 billion versus $2.15 billion expected; revenue rose 4.6% year over year.
• Analysts’ consensus rating is Buy, with an average price target of $185.88. AerCap also announced a quarterly dividend of $0.40 per share, equivalent to a 1.0% annualized yield.

Glaxis Capital Management LLC purchased a new position in AerCap Holdings N.V. (NYSE:AER - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,000 shares of the financial services provider's stock, valued at approximately $1,866,000. AerCap makes up 4.4% of Glaxis Capital Management LLC's holdings, making the stock its 7th biggest position.

Several other institutional investors have also recently made changes to their positions in the stock. Groupe la Francaise grew its stake in shares of AerCap by 221.4% during the 1st quarter. Groupe la Francaise now owns 180 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 124 shares during the period. Livelsberger Financial Advisory purchased a new stake in AerCap in the 3rd quarter worth approximately $27,000. Signature Equity Partners LLC increased its holdings in AerCap by 68.0% in the 3rd quarter. Signature Equity Partners LLC now owns 210 shares of the financial services provider's stock worth $30,000 after acquiring an additional 85 shares in the last quarter. Trust Co. of Vermont bought a new stake in AerCap during the 2nd quarter worth approximately $38,000. Finally, Cedar Mountain Advisors LLC bought a new stake in AerCap during the 1st quarter worth approximately $44,000. Institutional investors own 96.42% of the company's stock.

AerCap Stock Up 0.3%

Shares of AER opened at $166.29 on Friday. The business's 50 day moving average is $147.05 and its 200 day moving average is $145.03. The company has a market capitalization of $27.75 billion, a PE ratio of 7.88, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99. AerCap Holdings N.V. has a 12-month low of $129.85 and a 12-month high of $169.76. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 2.32.

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

AerCap Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Wednesday, November 11th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, November 10th. AerCap's payout ratio is 8.20%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AER shares. TD Cowen upped their price target on shares of AerCap from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Thursday, October 29th. Zacks Research raised shares of AerCap from a "hold" rating to a "strong-buy" rating in a research note on Monday. Citigroup raised their price objective on shares of AerCap from $178.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, October 29th. Barclays lifted their target price on shares of AerCap from $179.00 to $181.00 and gave the company an "overweight" rating in a research note on Thursday, October 29th. Finally, Morgan Stanley upped their target price 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. 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. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $185.88.

AerCap Company Profile

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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