AerCap Holdings (NYSE:AER) Shares Sold by Truist Financial Corp

Truist Financial Corp cut its holdings in shares of AerCap Holdings (NYSE:AER) by 2.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,590 shares of the financial services provider’s stock after selling 1,167 shares during the period. Truist Financial Corp’s holdings in AerCap were worth $4,156,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Inspire Advisors LLC increased its position in shares of AerCap by 1.5% in the first quarter. Inspire Advisors LLC now owns 8,150 shares of the financial services provider’s stock valued at $708,000 after buying an additional 124 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in AerCap by 1.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,919 shares of the financial services provider’s stock worth $645,000 after acquiring an additional 129 shares in the last quarter. Blue Trust Inc. raised its position in AerCap by 89.9% during the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 134 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in AerCap by 3.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 4,935 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 146 shares in the last quarter. Finally, Wealthstar Advisors LLC grew its position in shares of AerCap by 1.3% in the first quarter. Wealthstar Advisors LLC now owns 12,843 shares of the financial services provider’s stock valued at $1,116,000 after purchasing an additional 160 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 research analysts recently weighed in on AER shares. TD Cowen reaffirmed a “buy” rating and issued a $125.00 price target on shares of AerCap in a research note on Monday, July 29th. Barclays raised their target price on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Susquehanna boosted their price target on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AerCap presently has an average rating of “Moderate Buy” and an average price target of $102.38.

AerCap Price Performance

NYSE:AER opened at $94.14 on Wednesday. The stock has a 50 day moving average price of $93.49 and a 200 day moving average price of $91.41. The stock has a market cap of $18.63 billion, a PE ratio of 6.12, a P/E/G ratio of 2.16 and a beta of 1.83. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.29 and a current ratio of 0.29. AerCap Holdings has a one year low of $57.84 and a one year high of $98.79.

AerCap (NYSE:AER) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $3.01 EPS for the quarter, topping the consensus estimate of $2.41 by $0.60. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the firm earned $2.56 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities research analysts expect that AerCap Holdings will post 11.33 EPS for the current fiscal year.

AerCap Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 14th were paid a $0.25 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. AerCap’s dividend payout ratio (DPR) is 6.51%.

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.