CenterBook Partners LP Buys 6,179 Shares of AerCap Holdings N.V. $AER

Key Points

• CenterBook Partners increased its AerCap position by 140.1% in the third quarter, buying 6,179 shares to hold 10,589 shares valued at about $1.52 million.
• Analysts maintain a broadly positive outlook: AerCap has a consensus “Buy” rating and an average price target of $185.88, with several firms recently raising their targets.
• AerCap reported quarterly EPS of $6.56, beating estimates of $4.56, while revenue of $2.42 billion also topped expectations and rose 4.6% year over year.

CenterBook Partners LP lifted its position in AerCap Holdings N.V. (NYSE:AER - Free Report) by 140.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,589 shares of the financial services provider's stock after purchasing an additional 6,179 shares during the period. CenterBook Partners LP's holdings in AerCap were worth $1,520,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Glaxis Capital Management LLC purchased a new position in shares of AerCap during the 3rd quarter worth approximately $1,866,000. Pekin Hardy Strauss Inc. increased its position in AerCap by 0.8% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 69,005 shares of the financial services provider's stock valued at $9,904,000 after buying an additional 564 shares in the last quarter. Kestra Advisory Services LLC increased its position in AerCap by 70.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 7,097 shares of the financial services provider's stock valued at $1,019,000 after buying an additional 2,932 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in AerCap during the 3rd quarter valued at approximately $1,497,000. Finally, Signature Equity Partners LLC boosted its holdings in AerCap by 68.0% in the third 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. Hedge funds and other institutional investors own 96.42% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AER shares. Truist Financial lifted their price target on AerCap from $180.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, October 29th. TD Cowen raised their price target on AerCap from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Thursday, October 29th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $190.00 price objective on shares of AerCap in a report on Thursday, July 30th. Barclays upped their price target on AerCap from $179.00 to $181.00 and gave the stock an "overweight" rating in a research report on Thursday, October 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of AerCap from $183.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, AerCap has a consensus rating of "Buy" and an average price target of $185.88.

AerCap Stock Up 3.4%

Shares of AER stock opened at $175.45 on Tuesday. The company's fifty day simple moving average is $148.05 and its two-hundred day simple moving average is $145.33. AerCap Holdings N.V. has a 52 week low of $129.85 and a 52 week high of $176.70. The stock has a market cap of $29.28 billion, a P/E ratio of 7.88, a PEG ratio of 0.56 and a beta of 0.99. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 2.32.

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 the consensus estimate of $4.56 by $2.00. AerCap had a return on equity of 18.26% and a net margin of 34.47%. The business had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.15 billion. During the same quarter last year, the business posted $4.97 EPS. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. Analysts predict that AerCap Holdings N.V. will post 22.30 EPS for the current fiscal year.

AerCap Announces Dividend

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. The ex-dividend date is Tuesday, November 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. AerCap's payout ratio is 8.20%.

About AerCap

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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