Wealthstar Advisors LLC Acquires 160 Shares of AerCap Holdings (NYSE:AER)

Wealthstar Advisors LLC grew its holdings in AerCap Holdings (NYSE:AER) by 1.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,843 shares of the financial services provider’s stock after acquiring an additional 160 shares during the quarter. Wealthstar Advisors LLC’s holdings in AerCap were worth $1,116,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AER. Norges Bank bought a new position in AerCap in the fourth quarter worth $145,951,000. Wellington Management Group LLP lifted its position in AerCap by 9.9% in the third quarter. Wellington Management Group LLP now owns 21,028,200 shares of the financial services provider’s stock worth $1,317,837,000 after purchasing an additional 1,901,459 shares during the period. Artisan Partners Limited Partnership bought a new position in AerCap in the fourth quarter worth $137,412,000. TOMS Capital Investment Management LP bought a new position in AerCap in the fourth quarter worth $133,330,000. Finally, Franklin Resources Inc. lifted its position in AerCap by 32.0% in the fourth quarter. Franklin Resources Inc. now owns 6,090,321 shares of the financial services provider’s stock worth $452,633,000 after purchasing an additional 1,476,236 shares during the period. 96.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

AerCap Trading Down 0.3 %

AerCap stock traded down $0.26 during mid-day trading on Thursday, hitting $93.90. The stock had a trading volume of 523,796 shares, compared to its average volume of 1,519,516. The stock has a 50-day simple moving average of $90.96 and a two-hundred day simple moving average of $83.35. The stock has a market capitalization of $18.59 billion, a PE ratio of 6.11, a P/E/G ratio of 2.25 and a beta of 1.83. AerCap Holdings has a 12 month low of $57.30 and a 12 month high of $96.95. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 2.70.

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

AerCap Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Wednesday, May 22nd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.06%. The ex-dividend date was Tuesday, May 21st. AerCap’s dividend payout ratio is 6.51%.

AerCap 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.