Cinctive Capital Management LP Increases Stock Holdings in AerCap Holdings (NYSE:AER)

Cinctive Capital Management LP lifted its stake in shares of AerCap Holdings (NYSE:AER) by 128.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,691 shares of the financial services provider’s stock after acquiring an additional 34,090 shares during the quarter. Cinctive Capital Management LP’s holdings in AerCap were worth $5,749,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Benjamin Edwards Inc. acquired a new stake in AerCap in the third quarter valued at approximately $413,000. TOMS Capital Investment Management LP acquired a new position in AerCap during the 3rd quarter worth approximately $60,526,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in AerCap in the third quarter valued at $701,000. Scopia Capital Management LP lifted its holdings in AerCap by 11.5% during the 3rd quarter. Scopia Capital Management LP now owns 266,439 shares of the financial services provider’s stock worth $25,237,000 after buying an additional 27,584 shares during the last quarter. Finally, Darsana Capital Partners LP acquired a new position in shares of AerCap during the 3rd quarter worth about $94,720,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price objective on shares of AerCap in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $112.00.

AerCap Stock Up 0.3 %

Shares of NYSE:AER opened at $99.36 on Monday. AerCap Holdings has a fifty-two week low of $66.72 and a fifty-two week high of $100.81. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm’s 50-day simple moving average is $96.01 and its 200-day simple moving average is $94.09. The company has a market cap of $19.67 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 2.24 and a beta of 1.83.

AerCap (NYSE:AER) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.41. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the prior year, the business posted $2.81 earnings per share. AerCap’s revenue was up 3.0% compared to the same quarter last year. As a group, equities research analysts predict that AerCap Holdings will post 11.26 earnings per share for the current year.

AerCap Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap’s dividend payout ratio (DPR) is 7.92%.

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.