Private Advisor Group LLC Sells 391 Shares of AerCap Holdings (NYSE:AER)

Private Advisor Group LLC decreased its stake in shares of AerCap Holdings (NYSE:AER) by 7.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,653 shares of the financial services provider’s stock after selling 391 shares during the period. Private Advisor Group LLC’s holdings in AerCap were worth $441,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Dupree Financial Group LLC boosted its stake in shares of AerCap by 0.4% during the 3rd quarter. Dupree Financial Group LLC now owns 28,395 shares of the financial services provider’s stock valued at $2,690,000 after purchasing an additional 121 shares in the last quarter. Inspire Advisors LLC raised its holdings in AerCap by 1.5% in the first quarter. Inspire Advisors LLC now owns 8,150 shares of the financial services provider’s stock worth $708,000 after buying an additional 124 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in AerCap by 1.9% in the second quarter. Sequoia Financial Advisors LLC now owns 6,919 shares of the financial services provider’s stock worth $645,000 after buying an additional 129 shares during the last quarter. Blue Trust Inc. grew its stake in shares of AerCap by 89.9% in 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. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of AerCap by 3.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 4,935 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 146 shares during the period. Institutional investors own 96.42% of the company’s stock.

AerCap Stock Down 0.4 %

Shares of NYSE AER opened at $93.94 on Tuesday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.29 and a current ratio of 0.67. The firm has a market capitalization of $18.59 billion, a price-to-earnings ratio of 7.47, a PEG ratio of 2.22 and a beta of 1.83. The stock has a 50 day moving average price of $94.80 and a 200 day moving average price of $92.72. AerCap Holdings has a 52-week low of $63.34 and a 52-week high of $99.30.

AerCap (NYSE:AER) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.41. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.92 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. AerCap’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.81 earnings per share. Sell-side analysts expect that AerCap Holdings will post 10.7 earnings per share for the current year.

AerCap Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.06%. AerCap’s dividend payout ratio is currently 7.92%.

Wall Street Analysts Forecast Growth

AER has been the subject of several recent research reports. Susquehanna boosted their target price on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Barclays boosted their target price on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, TD Cowen reissued a “buy” rating and set a $125.00 price objective on shares of AerCap in a research note on Monday, July 29th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AerCap currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.83.

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.