Tidal Investments LLC Acquires 6,211 Shares of AerCap Holdings (NYSE:AER)

Tidal Investments LLC boosted its holdings in shares of AerCap Holdings (NYSE:AER) by 271.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,496 shares of the financial services provider’s stock after purchasing an additional 6,211 shares during the quarter. Tidal Investments LLC’s holdings in AerCap were worth $805,000 at the end of the most recent quarter.

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

AerCap Price Performance

NYSE:AER opened at $94.53 on Friday. The firm has a market capitalization of $18.71 billion, a price-to-earnings ratio of 7.49, a PEG ratio of 2.17 and a beta of 1.82. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The business has a 50 day simple moving average of $96.38 and a 200-day simple moving average of $94.47. AerCap Holdings has a 1 year low of $70.48 and a 1 year high of $100.81.

AerCap (NYSE:AER) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 EPS 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 during the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the firm earned $2.81 earnings per share. AerCap’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities analysts forecast that AerCap Holdings will post 11.26 EPS for the current year.

AerCap Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. AerCap’s dividend payout ratio (DPR) is presently 7.92%.

Wall Street Analysts Forecast Growth

AER has been the topic of several research reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $119.00 target price on shares of AerCap in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, AerCap has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

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.