AerCap Holdings (NYSE:AER) Shares Sold by Hiddenite Capital Partners LP

Hiddenite Capital Partners LP lowered its stake in shares of AerCap Holdings (NYSE:AER) by 48.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,000 shares of the financial services provider’s stock after selling 75,000 shares during the period. AerCap makes up approximately 2.3% of Hiddenite Capital Partners LP’s portfolio, making the stock its 9th biggest holding. Hiddenite Capital Partners LP’s holdings in AerCap were worth $7,456,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of AerCap by 89.9% during the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 134 shares in the last quarter. Trust Co. of Vermont acquired a new position in shares of AerCap in the 4th quarter valued at about $27,000. Mather Group LLC. lifted its position in AerCap by 230.1% in the 2nd quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock worth $27,000 after buying an additional 214 shares in the last quarter. Assetmark Inc. purchased a new stake in shares of AerCap during the fourth quarter worth $42,000. Finally, CVA Family Office LLC bought a new position in AerCap during the first quarter valued at approximately $52,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Susquehanna lifted their price target on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research report on Friday, August 2nd. Barclays increased their target price on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Morgan Stanley assumed coverage on shares of AerCap in a research note on Friday, June 7th. They set an “equal weight” rating and a $103.00 price objective on the stock. Finally, TD Cowen restated a “buy” rating and issued a $125.00 price objective on shares of AerCap in a research report on Monday, July 29th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $102.38.

AerCap Stock Up 0.7 %

Shares of AER opened at $91.20 on Tuesday. The firm has a 50 day simple moving average of $93.54 and a two-hundred day simple moving average of $89.51. AerCap Holdings has a one year low of $57.30 and a one year high of $98.79. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market cap of $18.05 billion, a P/E ratio of 5.93, a P/E/G ratio of 2.03 and a beta of 1.83.

AerCap (NYSE:AER) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.60. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the company posted $2.56 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Research analysts forecast that AerCap Holdings will post 11.33 EPS for the current fiscal year.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Wednesday, August 14th. AerCap’s payout ratio is currently 6.51%.

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.