Panagora Asset Management Inc. Has $1.36 Million Stock Position in AerCap Holdings (NYSE:AER)

Panagora Asset Management Inc. increased its stake in shares of AerCap Holdings (NYSE:AER - Free Report) by 114.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,309 shares of the financial services provider's stock after purchasing an additional 9,772 shares during the quarter. Panagora Asset Management Inc.'s holdings in AerCap were worth $1,361,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Optiver Holding B.V. purchased a new stake in AerCap during the 3rd quarter worth about $32,000. Allworth Financial LP boosted its holdings in AerCap by 2,460.0% in the third quarter. Allworth Financial LP now owns 768 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 738 shares in the last quarter. Acadian Asset Management LLC purchased a new position in AerCap in the third quarter valued at approximately $63,000. Bourgeon Capital Management LLC raised its holdings in AerCap by 20,000.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 1,005 shares of the financial services provider's stock worth $75,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of AerCap by 20.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,537 shares of the financial services provider's stock worth $114,000 after buying an additional 262 shares during the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of AerCap from $95.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 9th. BMO Capital Markets dropped their price target on AerCap from $103.00 to $101.00 and set an "outperform" rating on the stock in a research note on Monday, February 26th. TD Cowen boosted their price objective on AerCap from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Thursday, May 9th. Barclays raised their target price on shares of AerCap from $93.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, May 2nd. Finally, Susquehanna lifted their target price on shares of AerCap from $90.00 to $100.00 and gave the company a "positive" rating in a report on Thursday, May 2nd. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $94.38.

AerCap Stock Performance

Shares of NYSE AER traded down $0.30 during mid-day trading on Wednesday, hitting $91.39. 986,924 shares of the company were exchanged, compared to its average volume of 1,577,722. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 2.70. The firm has a market cap of $18.09 billion, a price-to-earnings ratio of 5.95, a price-to-earnings-growth ratio of 2.81 and a beta of 1.84. The stock has a 50 day simple moving average of $86.86 and a 200-day simple moving average of $78.39. AerCap Holdings has a 1-year low of $56.38 and a 1-year high of $93.53.

AerCap (NYSE:AER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.31 by $0.98. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.95 billion. AerCap had a net margin of 42.78% and a return on equity of 15.29%. The business's revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.34 earnings per share. On average, sell-side analysts forecast that AerCap Holdings will post 10.26 EPS for the current fiscal year.

AerCap Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Wednesday, May 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Tuesday, May 21st.

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.