78,807 Shares in Aercap Holdings N.V. (NYSE:AER) Acquired by Pacific Capital Partners Ltd

Key Points

• Pacific Capital Partners Ltd has acquired 78,807 shares of Aercap Holdings N.V. valued at approximately $8.05 million, making it the firm's 5th largest position.
• Aercap recently reported an EPS of $3.68 for the quarter, surpassing analysts' estimates, with revenues of $2.08 billion, reflecting a year-over-year growth of 2.9%.
• The company announced a quarterly dividend of $0.27 per share, resulting in an annualized yield of 0.96%, with a low payout ratio of 9.58%.

Pacific Capital Partners Ltd bought a new stake in Aercap Holdings N.V. (NYSE:AER - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 78,807 shares of the financial services provider's stock, valued at approximately $8,052,000. Aercap makes up approximately 5.1% of Pacific Capital Partners Ltd's holdings, making the stock its 5th largest holding.

A number of other hedge funds have also modified their holdings of the business. Ameriflex Group Inc. acquired a new position in shares of Aercap during the 4th quarter valued at $27,000. Mather Group LLC. increased its position in shares of Aercap by 230.1% in the 1st quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock worth $31,000 after purchasing an additional 214 shares during the last quarter. Pinpoint Asset Management Ltd acquired a new stake in Aercap during the fourth quarter worth about $35,000. Blue Trust Inc. raised its stake in Aercap by 42.2% during the first quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider's stock worth $135,000 after acquiring an additional 391 shares during the period. Finally, Bessemer Group Inc. raised its stake in 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. 96.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AER has been the topic of several research reports. Barclays increased their price objective on shares of Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Susquehanna increased their price objective on shares of Aercap from $120.00 to $130.00 and gave the stock a "positive" rating in a research note on Tuesday, May 13th. Morgan Stanley increased their price objective on shares of Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. One investment 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 has a consensus rating of "Moderate Buy" and a consensus target price of $122.00.

Aercap Stock Performance

NYSE AER traded up $1.23 on Friday, hitting $108.48. The stock had a trading volume of 1,952,532 shares, compared to its average volume of 1,224,810. Aercap Holdings N.V. has a one year low of $82.21 and a one year high of $118.07. The company has a quick ratio of 0.21, a current ratio of 0.44 and a debt-to-equity ratio of 2.57. The stock has a market cap of $20.26 billion, a price-to-earnings ratio of 6.75, a P/E/G ratio of 2.40 and a beta of 1.44. The company's 50-day moving average is $114.37 and its two-hundred day moving average is $105.52.

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

Aercap Announces Dividend

The firm also recently announced 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. This represents a $1.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, August 13th. Aercap's dividend payout ratio (DPR) is presently 6.72%.

Aercap 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.