Synovus Financial Corp Acquires New Holdings in AerCap Holdings (NYSE:AER)

Synovus Financial Corp bought a new position in shares of AerCap Holdings (NYSE:AER) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 33,160 shares of the financial services provider’s stock, valued at approximately $3,141,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AER. First Horizon Advisors Inc. grew its stake in shares of AerCap by 15.3% in the third quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 108 shares during the last quarter. Dupree Financial Group LLC lifted its holdings in AerCap by 0.4% during the 3rd quarter. Dupree Financial Group LLC now owns 28,395 shares of the financial services provider’s stock worth $2,690,000 after buying an additional 121 shares during the period. Blue Trust Inc. grew its position in shares of AerCap by 89.9% in the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after buying an additional 134 shares during the last quarter. UMB Bank n.a. increased its stake in shares of AerCap by 35.5% in the third quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock valued at $63,000 after buying an additional 174 shares during the period. Finally, Wealthstream Advisors Inc. raised its position in shares of AerCap by 7.4% during the second quarter. Wealthstream Advisors Inc. now owns 2,841 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 196 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

AerCap Price Performance

Shares of AER opened at $95.66 on Friday. The firm has a market cap of $18.93 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 2.17 and a beta of 1.82. AerCap Holdings has a 52-week low of $70.48 and a 52-week high of $100.81. The business’s 50 day moving average price is $96.39 and its two-hundred day moving average price is $94.41. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67.

AerCap (NYSE:AER) last released its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.41. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. AerCap’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.81 EPS. On average, equities analysts anticipate that AerCap Holdings will post 11.26 EPS for the current year.

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. AerCap’s dividend payout ratio (DPR) is presently 7.92%.

Wall Street Analyst Weigh In

Several analysts recently commented on AER shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $119.00 target price on shares of AerCap in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $112.00.

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.