Truvestments Capital LLC Takes Position in AerCap Holdings (NYSE:AER)

Truvestments Capital LLC purchased a new position in shares of AerCap Holdings (NYSE:AER) in the third quarter, Holdings Channel.com reports. The fund purchased 373 shares of the financial services provider’s stock, valued at approximately $35,000.

Several other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. grew its position in AerCap by 15.3% in the third quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 108 shares during the period. Dupree Financial Group LLC lifted its stake in shares of AerCap by 0.4% in the 3rd quarter. Dupree Financial Group LLC now owns 28,395 shares of the financial services provider’s stock valued at $2,690,000 after purchasing an additional 121 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of AerCap by 1.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,919 shares of the financial services provider’s stock worth $645,000 after purchasing an additional 129 shares during the period. Blue Trust Inc. increased its position in shares of AerCap by 89.9% during the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 134 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in AerCap by 3.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 4,935 shares of the financial services provider’s stock valued at $460,000 after buying an additional 146 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AER. The Goldman Sachs Group reiterated a “buy” rating and set a $119.00 price target on shares of AerCap in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Barclays upped their price target on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Susquehanna lifted their price objective on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, AerCap has an average rating of “Moderate Buy” and a consensus price target of $112.00.

AerCap Stock Performance

Shares of AER stock opened at $99.09 on Thursday. AerCap Holdings has a 52 week low of $66.34 and a 52 week high of $100.81. The firm has a 50 day moving average of $95.85 and a two-hundred day moving average of $93.92. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The stock has a market capitalization of $19.61 billion, a PE ratio of 7.85, a P/E/G ratio of 2.25 and a beta of 1.83.

AerCap (NYSE:AER) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.41. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter last year, the business posted $2.81 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, research analysts predict that AerCap Holdings will post 11.26 EPS for the current fiscal year.

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. AerCap’s dividend payout ratio is presently 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.