Wealthstream Advisors Inc. grew its holdings in Aercap Holdings N.V. (NYSE:AER – Free Report) by 11.7% in the 2nd quarter, Holdings Channel reports. The fund owned 4,016 shares of the financial services provider’s stock after purchasing 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.
Several other large investors also recently modified their holdings of AER. Blue Trust Inc. increased its holdings in shares of Aercap by 42.2% in the first quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 391 shares in the last quarter. Retirement Systems of Alabama bought a new stake in shares of Aercap in the first quarter worth about $5,732,000. Tower View Wealth Management LLC increased its holdings in shares of Aercap by 37.3% in the first quarter. Tower View Wealth Management LLC now owns 25,666 shares of the financial services provider’s stock worth $2,622,000 after acquiring an additional 6,966 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Aercap by 2.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,465 shares of the financial services provider’s stock worth $865,000 after acquiring an additional 219 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Aercap in the first quarter worth about $203,000. 96.42% of the stock is currently owned by institutional investors.
Aercap Stock Performance
Shares of NYSE AER opened at $120.39 on Friday. The stock has a 50 day moving average price of $120.83 and a 200 day moving average price of $113.27. Aercap Holdings N.V. has a 52 week low of $85.57 and a 52 week high of $126.27. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a market capitalization of $22.49 billion, a PE ratio of 7.49, a price-to-earnings-growth ratio of 2.41 and a beta of 1.40.
Aercap Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Wednesday, August 13th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.08 annualized dividend and a yield of 0.9%. Aercap’s dividend payout ratio is 6.72%.
Analysts Set New Price Targets
Several brokerages have issued reports on AER. Morgan Stanley increased their price target on Aercap from $111.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, July 17th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Aercap in a report on Wednesday, October 8th. Barclays increased their price objective on Aercap from $115.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Zacks Research upgraded Aercap from a “hold” rating to a “strong-buy” rating in a report on Thursday. Finally, Susquehanna increased their price objective on Aercap from $130.00 to $134.00 and gave the stock a “positive” rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Aercap currently has an average rating of “Moderate Buy” and a consensus price target of $122.57.
Get Our Latest Stock Analysis 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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