Okabena Investment Services Inc. Sells 2,231 Shares of AerCap Holdings (NYSE:AER)

Okabena Investment Services Inc. reduced its holdings in shares of AerCap Holdings (NYSE:AER) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,307 shares of the financial services provider’s stock after selling 2,231 shares during the quarter. Okabena Investment Services Inc.’s holdings in AerCap were worth $1,509,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AER. D.A. Davidson & CO. boosted its holdings in shares of AerCap by 7.8% in the third quarter. D.A. Davidson & CO. now owns 4,977 shares of the financial services provider’s stock worth $312,000 after acquiring an additional 361 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in AerCap by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 195,113 shares of the financial services provider’s stock worth $12,228,000 after purchasing an additional 3,732 shares during the period. Pathstone Family Office LLC grew its holdings in AerCap by 67.4% during the 3rd quarter. Pathstone Family Office LLC now owns 13,258 shares of the financial services provider’s stock valued at $831,000 after buying an additional 5,339 shares in the last quarter. HighTower Advisors LLC grew its holdings in AerCap by 35.1% during the 3rd quarter. HighTower Advisors LLC now owns 8,945 shares of the financial services provider’s stock valued at $559,000 after buying an additional 2,325 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of AerCap by 5.2% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,859 shares of the financial services provider’s stock valued at $1,746,000 after buying an additional 1,378 shares during the period. 96.42% of the stock is owned by institutional investors.

AerCap Trading Down 1.2 %

NYSE AER opened at $88.98 on Friday. The stock’s 50-day simple moving average is $88.62 and its two-hundred day simple moving average is $81.21. AerCap Holdings has a twelve month low of $57.30 and a twelve month high of $94.30. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 2.70. The company has a market capitalization of $17.61 billion, a price-to-earnings ratio of 5.79, a PEG ratio of 4.06 and a beta of 1.85.

AerCap (NYSE:AER) last announced its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.98. The company 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%. AerCap’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $2.34 EPS. Research analysts forecast that AerCap Holdings will post 10.24 EPS for the current fiscal year.

AerCap Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Wednesday, May 22nd were paid a $0.25 dividend. The ex-dividend date was Tuesday, May 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.12%. AerCap’s dividend payout ratio (DPR) is 6.51%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. BMO Capital Markets reduced their price objective on shares of AerCap from $103.00 to $101.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Deutsche Bank Aktiengesellschaft boosted 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. Susquehanna upped their price target on shares of AerCap from $90.00 to $100.00 and gave the stock a “positive” rating in a report on Thursday, May 2nd. TD Cowen lifted their price objective on AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, Barclays upped their target price on AerCap from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $97.56.

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.