Joule Financial LLC Reduces Holdings in AerCap Holdings (NYSE:AER)

Joule Financial LLC lessened its stake in shares of AerCap Holdings (NYSE:AER) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,499 shares of the financial services provider’s stock after selling 131 shares during the quarter. Joule Financial LLC’s holdings in AerCap were worth $526,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Darsana Capital Partners LP acquired a new stake in AerCap during the 3rd quarter valued at $94,720,000. TOMS Capital Investment Management LP acquired a new position in shares of AerCap in the 3rd quarter valued at approximately $60,526,000. Assenagon Asset Management S.A. boosted its stake in shares of AerCap by 176.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 753,267 shares of the financial services provider’s stock valued at $71,349,000 after buying an additional 480,551 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of AerCap by 182.3% during the second quarter. Point72 Asset Management L.P. now owns 663,587 shares of the financial services provider’s stock worth $61,846,000 after buying an additional 428,487 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in shares of AerCap by 3,568.6% in the third quarter. Wedge Capital Management L L P NC now owns 427,756 shares of the financial services provider’s stock worth $40,517,000 after buying an additional 416,096 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Price Performance

AER opened at $95.93 on Friday. 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 company’s 50-day moving average price is $96.12 and its 200 day moving average price is $94.96. AerCap Holdings has a fifty-two week low of $73.78 and a fifty-two week high of $100.81. The firm has a market cap of $18.99 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 2.05 and a beta of 1.82.

AerCap (NYSE:AER) last announced its quarterly earnings results 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. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $2.81 EPS. As a group, sell-side analysts expect that AerCap Holdings will post 11.26 earnings per share for the current year.

AerCap Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Wednesday, November 13th were issued 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 1.04%. AerCap’s dividend payout ratio (DPR) is presently 7.92%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $119.00 price objective on shares of AerCap in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft increased their price target 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.