Transform Wealth LLC Acquires 14,619 Shares of AerCap Holdings (NYSE:AER)

Transform Wealth LLC grew its holdings in shares of AerCap Holdings (NYSE:AER) by 13.0% in the fourth quarter, HoldingsChannel reports. The fund owned 127,208 shares of the financial services provider’s stock after purchasing an additional 14,619 shares during the quarter. Transform Wealth LLC’s holdings in AerCap were worth $12,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Darsana Capital Partners LP bought a new stake in AerCap during the third quarter valued at about $94,720,000. TOMS Capital Investment Management LP purchased a new position in shares of AerCap during the 3rd quarter valued at about $60,526,000. Assenagon Asset Management S.A. increased its holdings in AerCap by 176.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 753,267 shares of the financial services provider’s stock worth $71,349,000 after acquiring an additional 480,551 shares in the last quarter. Point72 Asset Management L.P. raised its stake in AerCap by 182.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 663,587 shares of the financial services provider’s stock worth $61,846,000 after acquiring an additional 428,487 shares during the period. Finally, Wedge Capital Management L L P NC lifted its holdings in AerCap by 3,568.6% during the third quarter. Wedge Capital Management L L P NC now owns 427,756 shares of the financial services provider’s stock valued at $40,517,000 after purchasing an additional 416,096 shares in the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

AerCap Stock Up 0.1 %

AER opened at $95.93 on Tuesday. AerCap Holdings has a 52 week low of $73.78 and a 52 week high of $100.81. 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 firm has a 50-day simple moving average of $96.09 and a two-hundred day simple moving average of $94.98. The company has a market capitalization of $18.99 billion, a PE ratio of 7.60, a price-to-earnings-growth ratio of 2.09 and a beta of 1.82.

AerCap (NYSE:AER) last issued its quarterly earnings data 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. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the prior year, the firm earned $2.81 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts forecast that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.

AerCap Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders 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%.

AerCap 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.