Aercap Holdings N.V. $AER Shares Sold by Inspire Investing LLC

Inspire Investing LLC trimmed its position in Aercap Holdings N.V. (NYSE:AER) by 81.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,031 shares of the financial services provider’s stock after selling 9,152 shares during the period. Inspire Investing LLC’s holdings in Aercap were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Aercap in the 4th quarter worth $27,000. Greenline Wealth Management LLC acquired a new position in shares of Aercap during the fourth quarter worth about $30,000. Advisory Services Network LLC acquired a new position in shares of Aercap during the third quarter worth about $35,000. Geneos Wealth Management Inc. raised its holdings in Aercap by 26.6% during the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 94 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Aercap by 36.5% during the fourth quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 96 shares in the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

Aercap Trading Up 3.8%

Shares of AER opened at $153.42 on Tuesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34. The firm’s 50-day moving average is $142.10 and its two-hundred day moving average is $142.86. Aercap Holdings N.V. has a twelve month low of $105.65 and a twelve month high of $154.94. The firm has a market capitalization of $25.60 billion, a P/E ratio of 6.72, a PEG ratio of 1.03 and a beta of 0.94.

Aercap (NYSE:AER) last posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) for the quarter. The company had revenue of $2.30 billion during the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. On average, research analysts predict that Aercap Holdings N.V. will post 17.23 earnings per share for the current fiscal year.

Aercap declared that its board has initiated a stock repurchase program on Wednesday, April 29th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Aercap Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, May 13th. Aercap’s dividend payout ratio (DPR) is presently 7.01%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Morgan Stanley lowered their price objective on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Weiss Ratings cut Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, May 26th. Barclays lifted their price target on Aercap from $164.00 to $179.00 and gave the company an “overweight” rating in a research note on Tuesday. Zacks Research lowered Aercap from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Finally, JPMorgan Chase & Co. increased their price objective on Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Aercap currently has an average rating of “Moderate Buy” and an average target price of $165.75.

Aercap Profile

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.