Fiduciary Alliance LLC Sells 5,843 Shares of Aercap Holdings N.V. $AER

Fiduciary Alliance LLC reduced its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 32.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 12,175 shares of the financial services provider’s stock after selling 5,843 shares during the period. Fiduciary Alliance LLC’s holdings in Aercap were worth $1,793,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. purchased a new position in Aercap during the fourth quarter valued at $27,000. Greenline Wealth Management LLC purchased a new stake in Aercap in the 4th quarter worth $30,000. Advisory Services Network LLC bought a new position in shares of Aercap during the 3rd quarter valued at about $35,000. Geneos Wealth Management Inc. boosted its holdings 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 during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Aercap by 36.5% during the fourth quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 96.42% of the company’s stock.

Analyst Ratings Changes

AER has been the topic of several research reports. Barclays lifted their target price on Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Truist Financial raised their price target on Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Zacks Research downgraded Aercap from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Morgan Stanley decreased their price objective on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Finally, Weiss Ratings downgraded Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, May 26th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Aercap has an average rating of “Moderate Buy” and a consensus price target of $163.12.

Aercap Stock Performance

Aercap stock opened at $149.75 on Friday. The company’s 50-day moving average price is $141.45 and its 200-day moving average price is $142.50. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34. The company has a market cap of $24.99 billion, a PE ratio of 6.56, a price-to-earnings-growth ratio of 1.03 and a beta of 0.93. Aercap Holdings N.V. has a twelve month low of $105.65 and a twelve month high of $154.94.

Aercap (NYSE:AER) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. The firm had revenue of $2.30 billion during the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. On average, equities research analysts forecast that Aercap Holdings N.V. will post 17.23 EPS for the current fiscal year.

Aercap declared that its board has approved a share repurchase program on Wednesday, April 29th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Aercap Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 13th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, May 13th. Aercap’s dividend payout ratio (DPR) is presently 7.01%.

About Aercap

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.