AerCap Holdings (NYSE:AER) Short Interest Update

AerCap Holdings (NYSE:AER) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 1,380,000 shares, a drop of 37.8% from the October 15th total of 2,220,000 shares. Based on an average daily volume of 1,090,000 shares, the days-to-cover ratio is presently 1.3 days.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Susquehanna upped their price objective on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. TD Cowen reissued a “buy” rating and set a $125.00 target price on shares of AerCap in a report on Monday, July 29th. Finally, Barclays increased their price target on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.83.

AerCap Price Performance

AerCap stock opened at $94.60 on Thursday. The company has a market capitalization of $18.72 billion, a price-to-earnings ratio of 7.50, a PEG ratio of 2.15 and a beta of 1.83. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap has a 12 month low of $66.06 and a 12 month high of $99.68. The stock’s 50 day moving average is $95.03 and its 200-day moving average is $93.32.

AerCap (NYSE:AER) last posted 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. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.92 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.81 EPS. Equities research analysts expect that AerCap will post 11.26 EPS for the current year.

AerCap Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap’s dividend payout ratio is currently 7.92%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AER. 140 Summer Partners LP raised its holdings in AerCap by 7.5% in the 3rd quarter. 140 Summer Partners LP now owns 965,340 shares of the financial services provider’s stock valued at $91,437,000 after acquiring an additional 67,400 shares in the last quarter. Blueshift Asset Management LLC lifted its position in AerCap by 22.7% during the third quarter. Blueshift Asset Management LLC now owns 10,308 shares of the financial services provider’s stock worth $976,000 after purchasing an additional 1,909 shares during the period. Glenmede Trust Co. NA grew its stake in AerCap by 14.3% during the third quarter. Glenmede Trust Co. NA now owns 70,592 shares of the financial services provider’s stock worth $6,686,000 after buying an additional 8,805 shares in the last quarter. Transamerica Financial Advisors Inc. bought a new position in AerCap in the 3rd quarter valued at about $64,000. Finally, BNP Paribas Financial Markets raised its position in shares of AerCap by 8.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 167,701 shares of the financial services provider’s stock valued at $15,885,000 after buying an additional 13,427 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

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.