AerCap Sees Unusually High Options Volume (NYSE:AER)

AerCap Holdings (NYSE:AER) was the target of unusually large options trading on Friday. Traders purchased 3,007 put options on the company. This represents an increase of 71% compared to the average daily volume of 1,756 put options.

Institutional Trading of AerCap

Several hedge funds have recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd lifted its holdings in AerCap by 33.3% during the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 2,000 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 500 shares during the last quarter. Cetera Investment Advisers lifted its holdings in AerCap by 2.6% during the 2nd quarter. Cetera Investment Advisers now owns 17,806 shares of the financial services provider’s stock worth $1,660,000 after purchasing an additional 452 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in AerCap by 220.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 11,221 shares of the financial services provider’s stock worth $1,046,000 after purchasing an additional 7,719 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in AerCap by 32.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,694 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 662 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in AerCap by 35.8% during the 2nd quarter. NewEdge Advisors LLC now owns 23,603 shares of the financial services provider’s stock worth $2,200,000 after purchasing an additional 6,228 shares during the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Stock Performance

Shares of NYSE AER opened at $97.40 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 2.70. AerCap has a 12 month low of $57.30 and a 12 month high of $98.79. The stock has a 50 day moving average of $93.70 and a 200-day moving average of $88.72. The company has a market capitalization of $19.28 billion, a P/E ratio of 6.34, a P/E/G ratio of 2.28 and a beta of 1.83.

AerCap (NYSE:AER) last issued its earnings results on Thursday, August 1st. The financial services provider reported $3.01 EPS for the quarter, topping the consensus estimate of $2.41 by $0.60. AerCap had a return on equity of 15.21% and a net margin of 42.02%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the company posted $2.56 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, equities research analysts predict that AerCap will post 10.25 EPS for the current year.

AerCap Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Wednesday, August 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. AerCap’s dividend payout ratio is currently 6.51%.

Wall Street Analysts Forecast Growth

AER has been the subject of a number of research reports. Barclays increased their price objective on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price target on AerCap from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Morgan Stanley assumed coverage on AerCap in a research note on Friday, June 7th. They issued an “equal weight” rating and a $103.00 price target for the company. TD Cowen restated a “buy” rating and issued a $125.00 price target on shares of AerCap in a research note on Monday, July 29th. Finally, Susquehanna raised their price target on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, AerCap currently has a consensus rating of “Moderate Buy” and an average target price of $102.38.

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.