Entropy Technologies LP Takes Position in Aercap Holdings N.V. (NYSE:AER)

Key Points

• Entropy Technologies LP purchased 30,358 shares of Aercap Holdings N.V., valued at approximately $3.1 million, marking a new investment in the company.
• Aercap has seen significant buying from institutional investors, with 96.42% of the stock owned by such entities, highlighting strong market confidence.
• Analysts have raised their price targets for Aercap, with the average target now at $122.00, and the stock currently holds an average rating of "Moderate Buy".

Entropy Technologies LP acquired a new position in Aercap Holdings N.V. (NYSE:AER - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 30,358 shares of the financial services provider's stock, valued at approximately $3,102,000.

Several other large investors also recently added to or reduced their stakes in AER. Alyeska Investment Group L.P. increased its holdings in Aercap by 139.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,505,799 shares of the financial services provider's stock worth $144,105,000 after acquiring an additional 875,950 shares during the last quarter. TOMS Capital Investment Management LP increased its holdings in Aercap by 118.8% in the 4th quarter. TOMS Capital Investment Management LP now owns 1,398,000 shares of the financial services provider's stock worth $133,789,000 after acquiring an additional 759,000 shares during the last quarter. Millennium Management LLC increased its holdings in Aercap by 190.7% in the 4th quarter. Millennium Management LLC now owns 1,074,931 shares of the financial services provider's stock worth $102,871,000 after acquiring an additional 705,212 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Aercap by 43.7% in the 1st quarter. JPMorgan Chase & Co. now owns 2,298,552 shares of the financial services provider's stock worth $234,843,000 after acquiring an additional 699,520 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Aercap by 90.9% in the 4th quarter. Northern Trust Corp now owns 1,396,937 shares of the financial services provider's stock worth $133,687,000 after acquiring an additional 664,990 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.

Aercap Price Performance

Shares of NYSE AER traded up $3.36 during midday trading on Tuesday, hitting $113.73. 1,181,869 shares of the company's stock were exchanged, compared to its average volume of 1,386,528. Aercap Holdings N.V. has a 12-month low of $85.57 and a 12-month high of $118.07. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.57. The company has a market cap of $21.24 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 2.21 and a beta of 1.44. The business's fifty day moving average price is $113.73 and its two-hundred day moving average price is $106.28.

Aercap (NYSE:AER - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share for the quarter, topping analysts' consensus estimates of $2.75 by $0.08. Aercap had a return on equity of 13.13% and a net margin of 36.93%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the company posted $3.01 EPS. Aercap's quarterly revenue was down 3.6% compared to the same quarter last year. As a group, research analysts forecast that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Wednesday, August 13th will be given a $0.27 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $1.08 annualized dividend and a yield of 0.9%. Aercap's payout ratio is presently 6.72%.

Analysts Set New Price Targets

AER has been the subject of several recent research reports. Barclays lifted their price objective on Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. lifted their target price on Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Susquehanna lifted their target price on Aercap from $120.00 to $130.00 and gave the company a "positive" rating in a report on Tuesday, May 13th. Finally, Morgan Stanley lifted their target price on Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $122.00.

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.