Bank of Marin Has $586,000 Stock Position in AerCap Holdings (NYSE:AER)

Bank of Marin cut its position in AerCap Holdings (NYSE:AER) by 18.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,184 shares of the financial services provider’s stock after selling 1,357 shares during the period. Bank of Marin’s holdings in AerCap were worth $586,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in AerCap by 89.9% in the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 134 shares during the period. Mather Group LLC. lifted its holdings in shares of AerCap by 230.1% in the 2nd quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 214 shares in the last quarter. UMB Bank n.a. grew its position in AerCap by 35.5% in the 3rd quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 174 shares during the period. Federated Hermes Inc. increased its stake in AerCap by 209.1% during the 2nd quarter. Federated Hermes Inc. now owns 1,567 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 1,060 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd increased its stake in AerCap by 33.3% during the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 2,000 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 500 shares in the last quarter. 96.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AER shares. TD Cowen reiterated a “buy” rating and set a $125.00 price objective on shares of AerCap in a report on Monday, July 29th. Barclays lifted their price target on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Susquehanna increased their price objective on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, AerCap currently has an average rating of “Moderate Buy” and an average target price of $110.83.

AerCap Stock Performance

Shares of AerCap stock traded down $0.05 during mid-day trading on Friday, hitting $95.08. 37,607 shares of the stock were exchanged, compared to its average volume of 1,438,657. AerCap Holdings has a 12 month low of $66.34 and a 12 month high of $99.68. The company has a 50-day simple moving average of $95.09 and a 200 day simple moving average of $93.33. The company has a market capitalization of $18.82 billion, a P/E ratio of 7.54, a P/E/G ratio of 2.13 and a beta of 1.83. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67.

AerCap (NYSE:AER) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, hitting analysts’ consensus estimates of $2.41. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. AerCap’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $2.81 earnings per share. Sell-side analysts anticipate that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.

AerCap Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.00 annualized dividend and a yield of 1.05%. AerCap’s payout ratio is currently 7.92%.

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.