Massmutual Trust Co. FSB ADV Decreases Stock Position in AerCap Holdings (NYSE:AER)

Massmutual Trust Co. FSB ADV lessened its stake in AerCap Holdings (NYSE:AER) by 7.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,582 shares of the financial services provider’s stock after selling 353 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in AerCap were worth $434,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AER. Corient Private Wealth LLC boosted its holdings in AerCap by 2.5% in the 4th quarter. Corient Private Wealth LLC now owns 7,629 shares of the financial services provider’s stock worth $567,000 after acquiring an additional 186 shares during the period. TD Asset Management Inc boosted its holdings in AerCap by 1.5% in the 4th quarter. TD Asset Management Inc now owns 32,925 shares of the financial services provider’s stock worth $2,447,000 after acquiring an additional 480 shares during the period. Bank of Nova Scotia boosted its stake in shares of AerCap by 18.1% during the 4th quarter. Bank of Nova Scotia now owns 10,039 shares of the financial services provider’s stock valued at $746,000 after buying an additional 1,539 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of AerCap by 24.4% during the 4th quarter. California State Teachers Retirement System now owns 211,787 shares of the financial services provider’s stock valued at $15,740,000 after buying an additional 41,565 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of AerCap by 20.8% during the 4th quarter. CIBC Asset Management Inc now owns 18,577 shares of the financial services provider’s stock valued at $1,381,000 after buying an additional 3,194 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Stock Performance

AER stock opened at $94.21 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 2.69. The firm has a market cap of $18.65 billion, a P/E ratio of 6.13, a P/E/G ratio of 2.16 and a beta of 1.83. AerCap Holdings has a 12-month low of $57.84 and a 12-month high of $98.79. The stock’s 50 day simple moving average is $93.46 and its 200 day simple moving average is $91.22.

AerCap (NYSE:AER) last issued its earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share 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 firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the company earned $2.56 earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, equities research analysts predict that AerCap Holdings will post 11.33 EPS for the current year.

AerCap Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.06%. The ex-dividend date was Wednesday, August 14th. AerCap’s dividend payout ratio is presently 6.51%.

Analyst Ratings Changes

Several equities analysts have recently commented on AER shares. Susquehanna increased their target price on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Friday, August 2nd. Morgan Stanley started coverage on AerCap in a research note on Friday, June 7th. They set an “equal weight” rating and a $103.00 target price for the company. Barclays increased their target price on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, TD Cowen reiterated a “buy” rating and set a $125.00 target price on shares of AerCap in a research note on Monday, July 29th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $102.38.

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.