Sei Investments Co. Acquires 71,322 Shares of AerCap Holdings (NYSE:AER)

Sei Investments Co. grew its holdings in shares of AerCap Holdings (NYSE:AER) by 9.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 799,416 shares of the financial services provider’s stock after purchasing an additional 71,322 shares during the quarter. Sei Investments Co. owned about 0.40% of AerCap worth $74,506,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of AER. Blue Trust Inc. increased 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 buying an additional 134 shares during the last quarter. Trust Co. of Vermont acquired a new position in shares of AerCap during the 4th quarter valued at about $27,000. Mather Group LLC. raised its stake in shares of AerCap by 230.1% in the 2nd quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 214 shares in the last quarter. Assetmark Inc. acquired a new stake in AerCap in the 4th quarter worth approximately $42,000. Finally, CVA Family Office LLC bought a new stake in AerCap during the first quarter worth approximately $52,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AER shares. Susquehanna lifted their price target 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. Morgan Stanley assumed coverage on shares of AerCap in a report on Friday, June 7th. They issued an “equal weight” rating and a $103.00 target price on the stock. TD Cowen restated a “buy” rating and set a $125.00 price target on shares of AerCap in a report on Monday, July 29th. Finally, Barclays lifted their price objective on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $102.38.

AerCap Stock Performance

NYSE:AER opened at $97.02 on Friday. The firm’s 50-day moving average is $93.52 and its 200-day moving average is $90.47. The company has a market cap of $19.20 billion, a price-to-earnings ratio of 6.31, a PEG ratio of 2.06 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 52-week low of $57.30 and a 52-week high of $98.79.

AerCap (NYSE:AER) last issued 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. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the company posted $2.56 earnings per share. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities research analysts anticipate that AerCap Holdings will post 11.33 earnings per share for the current year.

AerCap Dividend Announcement

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

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.