Private Advisor Group LLC Takes Position in AerCap Holdings (NYSE:AER)

Private Advisor Group LLC purchased a new position in AerCap Holdings (NYSE:AER) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,617 shares of the financial services provider’s stock, valued at approximately $343,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AER. Optiver Holding B.V. bought a new position in AerCap in the 3rd quarter worth about $32,000. Allworth Financial LP raised its stake in AerCap by 2,460.0% in the third quarter. Allworth Financial LP now owns 768 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 738 shares in the last quarter. Acadian Asset Management LLC bought a new stake in AerCap during the third quarter valued at approximately $63,000. Bourgeon Capital Management LLC grew its stake in AerCap by 20,000.0% in the 4th quarter. Bourgeon Capital Management LLC now owns 1,005 shares of the financial services provider’s stock worth $75,000 after buying an additional 1,000 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in AerCap in the 4th quarter worth approximately $170,000. 96.42% of the stock is owned by hedge funds and other institutional investors.

AerCap Price Performance

Shares of AerCap stock opened at $91.39 on Thursday. The stock has a market capitalization of $18.09 billion, a P/E ratio of 5.95, a price-to-earnings-growth ratio of 2.81 and a beta of 1.84. AerCap Holdings has a one year low of $56.38 and a one year high of $93.53. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.26 and a quick ratio of 0.26. The business’s 50 day simple moving average is $86.86 and its two-hundred day simple moving average is $78.39.

AerCap (NYSE:AER) last issued its earnings results on Wednesday, May 8th. The financial services provider reported $3.29 EPS for the quarter, topping the consensus estimate of $2.31 by $0.98. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.95 billion. AerCap had a net margin of 42.78% and a return on equity of 15.29%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.34 earnings per share. Analysts forecast that AerCap Holdings will post 10.26 EPS for the current year.

AerCap Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Wednesday, May 22nd will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, May 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.09%.

Wall Street Analysts Forecast Growth

AER has been the subject of a number of research analyst reports. BMO Capital Markets dropped their price objective on shares of AerCap from $103.00 to $101.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Susquehanna increased their price objective on AerCap from $90.00 to $100.00 and gave the company a “positive” rating in a research report on Thursday, May 2nd. TD Cowen boosted their target price on AerCap from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft increased their price target on shares of AerCap from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Barclays boosted their price objective on shares of AerCap from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $94.38.

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.