42,196 Shares in AerCap Holdings N.V. $AER Purchased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments bought 42,196 AerCap shares in the third quarter, worth about $6.1 million. Institutional investors collectively own 96.42% of the stock.
• AerCap beat quarterly earnings expectations, reporting $6.56 earnings per share and $2.42 billion in revenue; revenue rose 4.6% year over year.
• Analysts maintain a consensus “Buy” rating and an average price target of $185.88. AerCap also declared a quarterly dividend of $0.40 per share, equivalent to a 1.0% annual yield.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of AerCap Holdings N.V. (NYSE:AER - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 42,196 shares of the financial services provider's stock, valued at approximately $6,056,000.

Several other institutional investors also recently bought and sold shares of AER. Livelsberger Financial Advisory purchased a new position in shares of AerCap in the 3rd quarter valued at $27,000. Townsend & Associates Inc lifted its holdings in shares of AerCap by 1.1% during the 3rd quarter. Townsend & Associates Inc now owns 149,420 shares of the financial services provider's stock valued at $21,769,000 after acquiring an additional 1,569 shares in the last quarter. Signaturefd LLC boosted its position in AerCap by 2.4% during the 3rd quarter. Signaturefd LLC now owns 6,426 shares of the financial services provider's stock worth $922,000 after purchasing an additional 151 shares during the period. Evergreen Capital Management LLC boosted its position in AerCap by 66.6% during the 3rd quarter. Evergreen Capital Management LLC now owns 5,723 shares of the financial services provider's stock worth $821,000 after purchasing an additional 2,287 shares during the period. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in AerCap in the 3rd quarter valued at $339,000. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

AerCap Trading Up 0.3%

NYSE AER opened at $166.29 on Friday. The stock has a market cap of $27.75 billion, a P/E ratio of 8.52, a PEG ratio of 0.56 and a beta of 0.99. The company's fifty day simple moving average is $147.05 and its 200-day simple moving average is $145.03. 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 Holdings N.V. has a 52 week low of $129.85 and a 52 week high of $169.76.

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

AerCap Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. AerCap's payout ratio is 8.20%.

Analysts Set New Price Targets

Several research firms have commented on AER. TD Cowen raised their price objective on AerCap from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Thursday, October 29th. Truist Financial boosted their price objective on AerCap from $180.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, October 29th. JPMorgan Chase & Co. upped their target price on AerCap from $183.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, October 29th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $190.00 target price on shares of AerCap in a research note on Thursday, July 30th. Finally, Zacks Research upgraded AerCap from a "hold" rating to a "strong-buy" rating in a report on Monday. Two research 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.com, the company has a consensus rating of "Buy" and an average target price of $185.88.

AerCap 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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