AerCap Holdings N.V. $AER Shares Newly Bought by Glaxis Capital Management LLC

Glaxis Capital Management LLC acquired a new stake in shares of AerCap Holdings N.V. (NYSE:AER) in the third quarter, HoldingsChannel reports. The firm acquired 13,000 shares of the financial services provider’s stock, valued at approximately $1,866,000. AerCap accounts for approximately 4.4% of Glaxis Capital Management LLC’s holdings, making the stock its 7th biggest holding.

Other large investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its stake in AerCap by 29.2% during the first quarter. Public Employees Retirement System of Ohio now owns 92,152 shares of the financial services provider’s stock valued at $12,641,000 after buying an additional 20,808 shares during the last quarter. Saudi Central Bank increased its stake in AerCap by 113.6% in the 2nd quarter. Saudi Central Bank now owns 133,910 shares of the financial services provider’s stock worth $19,521,000 after acquiring an additional 71,218 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in AerCap by 10.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 358,577 shares of the financial services provider’s stock worth $51,463,000 after acquiring an additional 33,240 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of AerCap by 321.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 47,700 shares of the financial services provider’s stock worth $6,954,000 after acquiring an additional 36,373 shares in the last quarter. Finally, Coppell Advisory Solutions LLC raised its holdings in shares of AerCap by 441.2% during the 2nd quarter. Coppell Advisory Solutions LLC now owns 23,679 shares of the financial services provider’s stock worth $3,452,000 after acquiring an additional 19,304 shares in the last quarter. 96.42% of the stock is owned by institutional investors.

AerCap Price Performance

NYSE:AER opened at $166.29 on Friday. The firm has a market capitalization of $27.75 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 0.56 and a beta of 0.99. AerCap Holdings N.V. has a 1 year low of $129.85 and a 1 year high of $169.76. The business has a 50 day simple moving average of $147.05 and a 200-day simple moving average of $145.03. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.41 and a quick ratio of 0.41.

AerCap (NYSE:AER) last released its earnings results on Wednesday, October 28th. The financial services provider reported $6.56 earnings per share for the quarter, beating the consensus estimate of $4.56 by $2.00. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.15 billion. AerCap had a return on equity of 18.26% and a net margin of 34.47%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.97 EPS. Equities analysts forecast that AerCap Holdings N.V. will post 22.30 EPS for the current year.

AerCap Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Wednesday, November 11th will be given a $0.40 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. AerCap’s dividend payout ratio (DPR) is currently 8.20%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AER. Truist Financial increased their target price on AerCap from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Morgan Stanley boosted their price target on shares of AerCap from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 29th. Zacks Research upgraded shares of AerCap from a “hold” rating to a “strong-buy” rating in a research report on Monday. JPMorgan Chase & Co. upped their price target on shares of AerCap from $183.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, October 29th. Finally, TD Cowen increased their price objective on shares of AerCap from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $185.88.

AerCap Profile

AerCap Holdings N.V. is a global aviation leasing company headquartered in Dublin, Ireland, and listed on the New York Stock Exchange under the symbol AER. Through its subsidiaries, AerCap owns, manages and leases commercial aircraft, engines and helicopters to airlines and other aviation customers worldwide.

The company provides operating leases, finance leases, aircraft trading and asset management services. Its fleet portfolio includes aircraft from major manufacturers such as Airbus and Boeing, as well as engines and helicopters.