Cetera Investment Advisers Buys 452 Shares of AerCap Holdings (NYSE:AER)

Cetera Investment Advisers lifted its stake in shares of AerCap Holdings (NYSE:AER) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,806 shares of the financial services provider’s stock after acquiring an additional 452 shares during the period. Cetera Investment Advisers’ holdings in AerCap were worth $1,660,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Blue Trust Inc. increased its holdings in 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 in the last quarter. Trust Co. of Vermont acquired a new position in shares of AerCap during the fourth quarter worth about $27,000. Mather Group LLC. grew its holdings in shares of AerCap by 230.1% during the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock worth $27,000 after buying an additional 214 shares in the last quarter. CVA Family Office LLC acquired a new stake in AerCap in the 1st quarter valued at approximately $52,000. Finally, Federated Hermes Inc. lifted its stake in AerCap by 209.1% in the 2nd quarter. Federated Hermes Inc. now owns 1,567 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 1,060 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AER shares. TD Cowen reaffirmed a “buy” rating and set a $125.00 price target on shares of AerCap in a research note on Monday, July 29th. Barclays raised their price objective on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Susquehanna increased their price target on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.71.

AerCap Price Performance

Shares of NYSE AER opened at $97.43 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 2.69. The business’s 50 day moving average price is $93.94 and its two-hundred day moving average price is $91.64. The company has a market cap of $19.28 billion, a PE ratio of 6.34, a price-to-earnings-growth ratio of 2.13 and a beta of 1.83. AerCap Holdings has a twelve month low of $57.84 and a twelve month high of $98.79.

AerCap (NYSE:AER) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.60. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.89 billion. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.56 EPS. On average, analysts predict that AerCap Holdings will post 11.33 EPS for the current year.

AerCap Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Wednesday, August 14th. AerCap’s payout ratio is 6.51%.

AerCap Company 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.