Avior Wealth Management LLC Reduces Stake in AerCap Holdings (NYSE:AER)

Avior Wealth Management LLC lowered its stake in AerCap Holdings (NYSE:AER) by 11.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,500 shares of the financial services provider’s stock after selling 1,500 shares during the period. Avior Wealth Management LLC’s holdings in AerCap were worth $1,089,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in AerCap by 89.9% during the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after buying an additional 134 shares during the period. Mather Group LLC. increased its holdings in AerCap by 230.1% during the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after buying an additional 214 shares during the period. UMB Bank n.a. increased its holdings in AerCap by 35.5% during the third quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock valued at $63,000 after buying an additional 174 shares during the period. Federated Hermes Inc. increased its holdings in AerCap by 209.1% during the second quarter. Federated Hermes Inc. now owns 1,567 shares of the financial services provider’s stock valued at $146,000 after buying an additional 1,060 shares during the period. Finally, Gordian Capital Singapore Pte Ltd grew its holdings in AerCap by 33.3% in the second quarter. Gordian Capital Singapore Pte Ltd now owns 2,000 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Barclays lifted their price target on shares of AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. TD Cowen reaffirmed a “buy” rating and issued a $125.00 price target on shares of AerCap in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Susquehanna boosted their price objective on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.83.

AerCap Trading Down 0.5 %

NYSE AER opened at $95.27 on Thursday. The company has a market capitalization of $18.86 billion, a PE ratio of 7.55, a P/E/G ratio of 2.15 and a beta of 1.83. The company has a fifty day moving average of $95.44 and a 200 day moving average of $93.63. AerCap Holdings has a 1 year low of $66.34 and a 1 year high of $99.68. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67.

AerCap (NYSE:AER) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.41. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.81 earnings per share. Research analysts forecast that AerCap Holdings will post 11.26 earnings per share for the current year.

AerCap Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be given a $0.25 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. AerCap’s dividend payout ratio (DPR) is currently 7.92%.

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.