TOMS Capital Investment Management LP Purchases Shares of 639,000 AerCap Holdings (NYSE:AER)

TOMS Capital Investment Management LP purchased a new stake in shares of AerCap Holdings (NYSE:AER) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 639,000 shares of the financial services provider’s stock, valued at approximately $60,526,000. AerCap accounts for 2.3% of TOMS Capital Investment Management LP’s holdings, making the stock its 8th largest position. TOMS Capital Investment Management LP owned about 0.32% of AerCap at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of AerCap during the third quarter worth about $701,000. Scopia Capital Management LP boosted its holdings in shares of AerCap by 11.5% during the third quarter. Scopia Capital Management LP now owns 266,439 shares of the financial services provider’s stock worth $25,237,000 after purchasing an additional 27,584 shares during the period. Darsana Capital Partners LP purchased a new stake in shares of AerCap during the third quarter worth about $94,720,000. Woodson Capital Management LP boosted its holdings in shares of AerCap by 20.5% during the third quarter. Woodson Capital Management LP now owns 192,849 shares of the financial services provider’s stock worth $18,267,000 after purchasing an additional 32,749 shares during the period. Finally, Financial Counselors Inc. boosted its holdings in shares of AerCap by 7.8% during the third quarter. Financial Counselors Inc. now owns 5,800 shares of the financial services provider’s stock worth $549,000 after purchasing an additional 419 shares during the period. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on AER. Deutsche Bank Aktiengesellschaft increased their target price on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 price target 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $112.00.

AerCap Price Performance

AER stock opened at $99.36 on Monday. AerCap Holdings has a 1 year low of $66.72 and a 1 year high of $100.81. The company has a market cap of $19.67 billion, a P/E ratio of 7.87, a PEG ratio of 2.24 and a beta of 1.83. The firm has a 50-day moving average of $96.01 and a 200 day moving average of $94.08. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67.

AerCap (NYSE:AER) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the firm earned $2.81 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, sell-side analysts forecast that AerCap Holdings will post 11.26 EPS for the current year.

AerCap Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th 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 1.01%. The ex-dividend date is Wednesday, November 13th. AerCap’s dividend payout ratio 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.