Sendero Wealth Management LLC Has $1.19 Million Holdings in AerCap Holdings (NYSE:AER)

Sendero Wealth Management LLC lessened its holdings in AerCap Holdings (NYSE:AER) by 28.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,683 shares of the financial services provider’s stock after selling 5,475 shares during the quarter. Sendero Wealth Management LLC’s holdings in AerCap were worth $1,189,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Trust Co. of Vermont bought a new position in shares of AerCap in the 4th quarter valued at about $27,000. Assetmark Inc. bought a new position in shares of AerCap in the 4th quarter valued at about $42,000. CVA Family Office LLC bought a new position in shares of AerCap in the 1st quarter valued at about $52,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of AerCap by 13.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 83,931 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 10,159 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of AerCap in the 3rd quarter valued at about $63,000. Institutional investors own 96.42% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of AerCap from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Barclays lifted their price objective on shares of AerCap from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Susquehanna lifted their price objective on shares of AerCap from $90.00 to $100.00 and gave the stock a “positive” rating in a research note on Thursday, May 2nd. Morgan Stanley assumed coverage on shares of AerCap in a research note on Friday, June 7th. They set an “equal weight” rating and a $103.00 price objective on the stock. Finally, TD Cowen lifted their price objective on shares of AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.56.

AerCap Stock Down 0.8 %

AER stock traded down $0.71 during mid-day trading on Friday, hitting $93.20. 1,351,666 shares of the company were exchanged, compared to its average volume of 1,570,870. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market cap of $18.45 billion, a P/E ratio of 6.06, a P/E/G ratio of 2.26 and a beta of 1.85. The firm’s 50 day simple moving average is $90.46 and its 200 day simple moving average is $82.88. AerCap Holdings has a 1-year low of $57.30 and a 1-year high of $96.95.

AerCap (NYSE:AER) last posted its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.98. AerCap had a net margin of 42.78% and a return on equity of 15.29%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the company earned $2.34 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts predict that AerCap Holdings will post 10.61 EPS for the current fiscal year.

AerCap Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Wednesday, May 22nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. AerCap’s payout ratio is 6.51%.

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.