Moors & Cabot Inc. Sells 225 Shares of AerCap Holdings (NYSE:AER)

Moors & Cabot Inc. decreased its holdings in shares of AerCap Holdings (NYSE:AER) by 4.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,594 shares of the financial services provider’s stock after selling 225 shares during the quarter. Moors & Cabot Inc.’s holdings in AerCap were worth $428,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in AerCap by 19.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,949 shares of the financial services provider’s stock worth $9,643,000 after buying an additional 17,750 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in AerCap by 13.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 83,931 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 10,159 shares in the last quarter. O Keefe Stevens Advisory Inc. bought a new stake in AerCap during the first quarter worth about $2,890,000. KBC Group NV boosted its holdings in shares of AerCap by 67.3% in the 4th quarter. KBC Group NV now owns 114,252 shares of the financial services provider’s stock worth $8,491,000 after purchasing an additional 45,950 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of AerCap by 26.9% during the 4th quarter. Sei Investments Co. now owns 680,292 shares of the financial services provider’s stock valued at $50,559,000 after purchasing an additional 144,244 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors.

AerCap Stock Up 4.4 %

Shares of AerCap stock opened at $98.28 on Friday. 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 52-week low of $57.30 and a 52-week high of $98.79. The company’s 50 day moving average price is $93.49 and its 200-day moving average price is $90.26. The stock has a market capitalization of $19.45 billion, a price-to-earnings ratio of 6.39, a P/E/G ratio of 2.06 and a beta of 1.83.

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, topping analysts’ consensus estimates of $2.41 by $0.60. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.89 billion. AerCap had a net margin of 42.02% and a return on equity of 15.12%. The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.56 EPS. Equities research analysts forecast that AerCap Holdings will post 11.33 EPS for the current year.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 14th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. AerCap’s dividend payout ratio is presently 6.51%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Susquehanna boosted their target price on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research report on Friday, August 2nd. TD Cowen reissued a “buy” rating and set a $125.00 price target on shares of AerCap in a research note on Monday, July 29th. Barclays upped their price objective on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley assumed coverage on shares of AerCap in a report on Friday, June 7th. They set an “equal weight” rating and a $103.00 target price on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $102.38.

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.