AerCap Holdings N.V. $AER Stake Lessened by Ethic Inc.

Ethic Inc. trimmed its stake in AerCap Holdings N.V. (NYSE:AER) by 11.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 32,224 shares of the financial services provider’s stock after selling 4,050 shares during the period. Ethic Inc.’s holdings in AerCap were worth $4,625,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AER. Pictet Asset Management Holding SA increased its position in shares of AerCap by 1.3% during the third quarter. Pictet Asset Management Holding SA now owns 161,017 shares of the financial services provider’s stock worth $23,112,000 after purchasing an additional 1,997 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of AerCap by 37.7% in the 3rd quarter. Parallel Advisors LLC now owns 1,614 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 442 shares during the period. CenterBook Partners LP boosted its position in shares of AerCap by 140.1% in the 3rd quarter. CenterBook Partners LP now owns 10,589 shares of the financial services provider’s stock valued at $1,520,000 after purchasing an additional 6,179 shares during the period. Glaxis Capital Management LLC acquired a new stake in shares of AerCap in the 3rd quarter valued at about $1,866,000. Finally, Pekin Hardy Strauss Inc. grew its stake in AerCap by 0.8% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 69,005 shares of the financial services provider’s stock worth $9,904,000 after buying an additional 564 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

AerCap Price Performance

Shares of NYSE:AER opened at $175.89 on Wednesday. The company has a 50-day simple moving average of $148.65 and a 200-day simple moving average of $145.49. AerCap Holdings N.V. has a one year low of $129.85 and a one year high of $176.70. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.41 and a current ratio of 0.41. The stock has a market capitalization of $29.35 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 0.59 and a beta of 0.99.

AerCap (NYSE:AER) last released its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $6.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.56 by $2.00. AerCap had a return on equity of 18.26% and a net margin of 34.47%. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter last year, the company posted $4.97 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. On average, analysts predict that AerCap Holdings N.V. will post 22.30 EPS for the current year.

AerCap Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Wednesday, November 11th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Tuesday, November 10th. AerCap’s dividend payout ratio (DPR) is 8.20%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Morgan Stanley lifted their price target on AerCap from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 29th. Truist Financial boosted their price objective on AerCap from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Citigroup increased their price objective on AerCap from $178.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Barclays raised their target price on shares of AerCap from $179.00 to $181.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. Finally, Zacks Research raised shares of AerCap from a “hold” rating to a “strong-buy” rating in a report on Monday, November 2nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $185.88.

AerCap Profile

AerCap Holdings N.V. is a global aviation leasing company headquartered in Dublin, Ireland, and listed on the New York Stock Exchange under the symbol AER. Through its subsidiaries, AerCap owns, manages and leases commercial aircraft, engines and helicopters to airlines and other aviation customers worldwide. The company provides operating leases, finance leases, aircraft trading and asset management services. Its fleet portfolio includes aircraft from major manufacturers such as Airbus and Boeing, as well as engines and helicopters.