B. Riley Wealth Advisors Inc. Trims Stock Holdings in AerCap Holdings (NYSE:AER)

B. Riley Wealth Advisors Inc. reduced its stake in AerCap Holdings (NYSE:AER) by 11.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,846 shares of the financial services provider’s stock after selling 2,029 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in AerCap were worth $1,516,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AER. Bank of New York Mellon Corp increased its stake in AerCap by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 446,303 shares of the financial services provider’s stock worth $42,711,000 after purchasing an additional 4,222 shares during the period. O Shaughnessy Asset Management LLC increased its stake in AerCap by 11.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 18,664 shares of the financial services provider’s stock worth $1,786,000 after purchasing an additional 1,900 shares during the period. Barclays PLC increased its stake in AerCap by 95.5% during the third quarter. Barclays PLC now owns 91,707 shares of the financial services provider’s stock worth $8,687,000 after purchasing an additional 44,797 shares during the period. Lyrical Asset Management LP increased its stake in AerCap by 1.3% during the fourth quarter. Lyrical Asset Management LP now owns 3,097,840 shares of the financial services provider’s stock worth $296,463,000 after purchasing an additional 38,264 shares during the period. Finally, Blue Trust Inc. increased its stake in AerCap by 51.7% during the fourth quarter. Blue Trust Inc. now owns 1,388 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 473 shares during the period. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

AerCap Stock Performance

Shares of AerCap stock opened at $114.19 on Wednesday. AerCap Holdings has a one year low of $82.21 and a one year high of $114.57. The company has a market cap of $21.33 billion, a PE ratio of 9.05, a P/E/G ratio of 2.22 and a beta of 1.41. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The business has a 50-day simple moving average of $103.12 and a 200-day simple moving average of $99.48.

AerCap (NYSE:AER) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.99. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.01 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.29 earnings per share. On average, equities research analysts forecast that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 14th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, May 14th. AerCap’s dividend payout ratio (DPR) is 9.58%.

AerCap declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Barclays reiterated an “overweight” rating and set a $115.00 price target (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Bank of America boosted their price target on shares of AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. UBS Group lowered shares of AerCap to an “underperform” rating in a research note on Friday, March 7th. Susquehanna boosted their price target on shares of AerCap from $120.00 to $130.00 and gave the stock a “positive” rating in a research note on Tuesday, May 13th. Finally, Morgan Stanley boosted their price objective on AerCap from $101.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $119.25.

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.