Aigen Investment Management LP Buys Shares of 8,229 Aercap Holdings N.V. (NYSE:AER)

Key Points

• Aigen Investment Management LP has acquired 8,229 shares of Aercap Holdings N.V. stock, valued at approximately $841,000, as reported in their recent SEC filing.
• Aercap's latest quarterly earnings indicated an EPS of $2.83, surpassing estimates, but revenue decreased by 3.6% year-over-year, totaling $1.89 billion.
• The company declared a quarterly dividend of $0.27, equating to an annual yield of 1.0%, with the payment scheduled for September 4th.

Aigen Investment Management LP purchased a new position in Aercap Holdings N.V. (NYSE:AER - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,229 shares of the financial services provider's stock, valued at approximately $841,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. raised its stake in shares of Aercap by 230.1% during the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 214 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Aercap by 1.4% in the 1st quarter. Bank of New York Mellon Corp now owns 452,376 shares of the financial services provider's stock worth $46,219,000 after purchasing an additional 6,073 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Aercap by 9.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,996 shares of the financial services provider's stock valued at $1,123,000 after purchasing an additional 978 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Aercap by 473.2% during the first quarter. Bessemer Group Inc. now owns 1,473 shares of the financial services provider's stock worth $150,000 after acquiring an additional 1,216 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Aercap by 2.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,465 shares of the financial services provider's stock worth $865,000 after purchasing an additional 219 shares during the period. Institutional investors own 96.42% of the company's stock.

Aercap Stock Up 0.1%

NYSE:AER traded up $0.14 on Friday, hitting $112.88. 841,514 shares of the company's stock traded hands, compared to its average volume of 1,470,306. The firm has a 50-day moving average price of $113.65 and a 200-day moving average price of $106.45. Aercap Holdings N.V. has a 1 year low of $85.57 and a 1 year 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 $21.08 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 2.28 and a beta of 1.44.

Aercap (NYSE:AER - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.08. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.03 billion. Aercap had a return on equity of 13.13% and a net margin of 36.93%. The company's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.01 earnings per share. Equities analysts anticipate 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. Stockholders of record on Wednesday, August 13th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.0%. Aercap's payout ratio is currently 6.72%.

Wall Street Analyst Weigh In

Several research firms recently commented on AER. JPMorgan Chase & Co. raised their price target on shares of Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Susquehanna restated a "positive" rating and set a $134.00 price objective (up previously from $130.00) on shares of Aercap in a research report on Wednesday. Barclays boosted their price objective on shares of Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Morgan Stanley increased their price objective on shares of Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Aercap has a consensus rating of "Moderate Buy" and an average price target of $122.57.

Aercap Company Profile

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.