Wealthstream Advisors Inc. boosted its stake in Aercap Holdings N.V. (NYSE:AER – Free Report) by 11.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,016 shares of the financial services provider’s stock after buying an additional 420 shares during the quarter. Wealthstream Advisors Inc.’s holdings in Aercap were worth $470,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. raised its position in Aercap by 230.1% in the 1st quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 214 shares during the last quarter. Quarry LP bought a new position in Aercap in the 1st quarter valued at $37,000. Geneos Wealth Management Inc. raised its position in Aercap by 26.6% in 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 during the last quarter. Summit Securities Group LLC bought a new position in Aercap in the 1st quarter valued at $64,000. Finally, Blue Trust Inc. raised its position in Aercap by 42.2% in the 1st quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 391 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.
Aercap Trading Up 0.1%
AER stock opened at $120.39 on Friday. The company has a market cap of $22.49 billion, a P/E ratio of 7.49, a PEG ratio of 2.41 and a beta of 1.40. Aercap Holdings N.V. has a twelve month low of $85.57 and a twelve month high of $126.27. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.57. The business has a fifty day moving average of $120.83 and a 200-day moving average of $113.27.
Aercap Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Wednesday, August 13th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.9%. Aercap’s payout ratio is 6.72%.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on AER shares. Weiss Ratings reiterated a “buy (b+)” rating on shares of Aercap in a research report on Wednesday, October 8th. Morgan Stanley lifted their price objective on Aercap from $111.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, July 17th. Zacks Research upgraded Aercap from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Susquehanna boosted their target price on Aercap from $130.00 to $134.00 and gave the stock a “positive” rating in a research report on Wednesday, August 13th. Finally, Barclays boosted their target price on Aercap from $115.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.57.
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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