Arrowpoint Investment Partners Singapore Pte. Ltd. Purchases Shares of 2,780 Aercap Holdings N.V. (NYSE:AER)

Key Points

• Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in Aercap Holdings N.V., purchasing 2,780 shares valued at approximately $284,000.
• Aercap reported earnings of $2.83 per share, exceeding analysts’ expectations, despite a 3.6% year-over-year revenue decline.
• The company declared a quarterly dividend of $0.27 per share, representing a 0.9% annual dividend yield.

Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in Aercap Holdings N.V. (NYSE:AER - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,780 shares of the financial services provider's stock, valued at approximately $284,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. HighTower Advisors LLC raised its stake in Aercap by 3.7% in the first quarter. HighTower Advisors LLC now owns 10,938 shares of the financial services provider's stock valued at $1,118,000 after buying an additional 391 shares in the last quarter. Public Sector Pension Investment Board raised its stake in Aercap by 8.0% in the first quarter. Public Sector Pension Investment Board now owns 105,261 shares of the financial services provider's stock valued at $10,755,000 after buying an additional 7,800 shares in the last quarter. Meridian Wealth Management LLC raised its stake in Aercap by 10.7% in the first quarter. Meridian Wealth Management LLC now owns 106,543 shares of the financial services provider's stock valued at $10,885,000 after buying an additional 10,339 shares in the last quarter. Nuveen LLC acquired a new stake in Aercap in the first quarter valued at $54,951,000. Finally, Aigen Investment Management LP acquired a new stake in Aercap in the first quarter valued at $841,000. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Aercap Stock Performance

Shares of AER stock opened at $113.73 on Wednesday. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.44 and a current ratio of 0.44. Aercap Holdings N.V. has a 1 year low of $85.57 and a 1 year high of $118.07. The stock's 50-day moving average is $113.73 and its two-hundred day moving average is $106.28. The firm 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.

Aercap (NYSE:AER - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share (EPS) 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 firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the company posted $3.01 earnings per share. The business's revenue was down 3.6% on a year-over-year basis. Analysts predict that Aercap Holdings N.V. will post 11.29 earnings per share for the current year.

Aercap Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Wednesday, August 13th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.9%. Aercap's dividend payout ratio (DPR) is currently 6.72%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AER. Susquehanna raised their price target on Aercap from $120.00 to $130.00 and gave the company a "positive" rating in a research note on Tuesday, May 13th. Morgan Stanley raised their price objective on Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Barclays raised 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. Finally, JPMorgan Chase & Co. raised their price objective on Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.

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