Inceptionr LLC trimmed its position in Aercap Holdings N.V. (NYSE:AER – Free Report) by 65.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,095 shares of the financial services provider’s stock after selling 9,868 shares during the quarter. Inceptionr LLC’s holdings in Aercap were worth $596,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of AER. Quarry LP purchased a new position in Aercap during the first quarter valued at approximately $37,000. Caitong International Asset Management Co. Ltd bought a new position in Aercap in the 2nd quarter valued at $43,000. Geneos Wealth Management Inc. grew its position in shares of Aercap by 26.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 94 shares in the last quarter. Whittier Trust Co. bought a new position in shares of Aercap in the second quarter worth $53,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Aercap in the first quarter worth $64,000. 96.42% of the stock is currently owned by institutional investors.
Aercap Price Performance
AER stock opened at $133.26 on Friday. The firm has a market cap of $24.89 billion, a P/E ratio of 6.31, a P/E/G ratio of 2.50 and a beta of 1.40. The firm’s fifty day moving average is $126.79 and its 200 day moving average is $119.47. Aercap Holdings N.V. has a 52 week low of $85.57 and a 52 week high of $138.34. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.44 and a current ratio of 0.44.
Aercap Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Wednesday, November 12th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. Aercap’s dividend payout ratio is 5.12%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on AER. Morgan Stanley boosted their target price on Aercap from $120.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. Bank of America lifted their price target on Aercap from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Susquehanna upped their price objective on shares of Aercap from $134.00 to $157.00 and gave the stock a “positive” rating in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Aercap in a research report on Wednesday, October 8th. Finally, Cowen reissued a “buy” rating on shares of Aercap in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $144.17.
Check Out Our Latest Report on AER
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.
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