Geode Capital Management LLC Has $145.43 Million Stake in AerCap Holdings (NYSE:AER)

Geode Capital Management LLC reduced its stake in AerCap Holdings (NYSE:AER) by 7.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,548,717 shares of the financial services provider’s stock after selling 129,497 shares during the quarter. Geode Capital Management LLC’s holdings in AerCap were worth $145,429,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AER. Blue Trust Inc. lifted its holdings in shares of AerCap by 89.9% in the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 134 shares in the last quarter. Truvestments Capital LLC acquired a new stake in AerCap in the 3rd quarter valued at approximately $35,000. UMB Bank n.a. lifted its stake in AerCap by 35.5% in the 3rd quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 174 shares in the last quarter. Transamerica Financial Advisors Inc. acquired a new position in AerCap during the 3rd quarter worth approximately $64,000. Finally, Quantbot Technologies LP bought a new position in shares of AerCap during the 3rd quarter worth approximately $66,000. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Price Performance

Shares of AER opened at $97.30 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The company’s fifty day simple moving average is $96.45 and its 200 day simple moving average is $94.47. AerCap Holdings has a 1-year low of $70.48 and a 1-year high of $100.81. The company has a market cap of $19.26 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 2.17 and a beta of 1.82.

AerCap (NYSE:AER) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting the consensus estimate of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the business earned $2.81 EPS. AerCap’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, research analysts forecast that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th were given a $0.25 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. AerCap’s payout ratio is 7.92%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AER. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group restated a “buy” rating and set 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 given a buy rating to the company. Based on data from MarketBeat, AerCap presently has an average rating of “Moderate Buy” and an average price target of $112.00.

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.