Net Worth Advisory Group Takes $950,000 Position in AerCap Holdings (NYSE:AER)

Net Worth Advisory Group purchased a new position in AerCap Holdings (NYSE:AER) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,026 shares of the financial services provider’s stock, valued at approximately $950,000.

Several other institutional investors have also added to or reduced their stakes in AER. Donald Smith & CO. Inc. increased its holdings in shares of AerCap by 0.3% in the first quarter. Donald Smith & CO. Inc. now owns 4,080,070 shares of the financial services provider’s stock worth $354,599,000 after buying an additional 10,670 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in AerCap by 12.6% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,860,757 shares of the financial services provider’s stock worth $173,423,000 after acquiring an additional 208,407 shares during the last quarter. Castle Hook Partners LP purchased a new position in AerCap in the 1st quarter worth approximately $94,062,000. AGF Management Ltd. lifted its position in AerCap by 35.4% in the second quarter. AGF Management Ltd. now owns 1,068,447 shares of the financial services provider’s stock valued at $99,579,000 after purchasing an additional 279,561 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of AerCap by 37.9% in the first quarter. Russell Investments Group Ltd. now owns 998,526 shares of the financial services provider’s stock worth $86,783,000 after purchasing an additional 274,558 shares during the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on AER shares. TD Cowen reissued a “buy” rating and set a $125.00 price target on shares of AerCap in a research report on Monday, July 29th. Susquehanna upped their price objective on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a report on Friday, August 2nd. Finally, Barclays increased their price target on shares of AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, AerCap has an average rating of “Moderate Buy” and an average target price of $105.71.

AerCap Price Performance

Shares of NYSE AER opened at $97.56 on Friday. The company has a 50 day moving average of $94.52 and a 200 day moving average of $91.89. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 2.69. AerCap Holdings has a twelve month low of $57.84 and a twelve month high of $99.30. The firm has a market cap of $19.31 billion, a P/E ratio of 6.35, a PEG ratio of 2.13 and a beta of 1.83.

AerCap (NYSE:AER) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.60. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the company posted $2.56 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, research analysts expect that AerCap Holdings will post 11.33 EPS for the current fiscal year.

AerCap Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 14th were paid a $0.25 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. AerCap’s dividend payout ratio is presently 6.51%.

AerCap Company 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.