Financial Counselors Inc. Cuts Stock Position in AerCap Holdings (NYSE:AER)

Financial Counselors Inc. decreased its holdings in shares of AerCap Holdings (NYSE:AER) by 4.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,381 shares of the financial services provider’s stock after selling 264 shares during the quarter. Financial Counselors Inc.’s holdings in AerCap were worth $502,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Blue Trust Inc. raised its position in shares of AerCap by 89.9% during the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after buying an additional 134 shares in the last quarter. Mather Group LLC. lifted 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 purchasing an additional 214 shares during the last quarter. Trust Co. of Vermont purchased a new position in shares of AerCap in the 4th quarter worth approximately $27,000. Assetmark Inc. bought a new position in shares of AerCap during the 4th quarter valued at approximately $42,000. Finally, CVA Family Office LLC purchased a new stake in AerCap during the 1st quarter valued at $52,000. Institutional investors own 96.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AER shares. Barclays lifted their price objective on shares of AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on AerCap from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. TD Cowen reiterated a “buy” rating and issued a $125.00 price target on shares of AerCap in a report on Monday, July 29th. Morgan Stanley assumed coverage on AerCap in a report on Friday, June 7th. They set an “equal weight” rating and a $103.00 price objective for the company. Finally, Susquehanna increased their target price on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.38.

AerCap Price Performance

AER opened at $92.95 on Thursday. 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 business’s fifty day simple moving average is $93.66 and its 200-day simple moving average is $89.15. The company has a market capitalization of $18.40 billion, a price-to-earnings ratio of 6.05, a PEG ratio of 2.18 and a beta of 1.83. AerCap Holdings has a 12-month low of $57.30 and a 12-month high of $98.79.

AerCap (NYSE:AER) last announced its 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 for the quarter, compared to analysts’ expectations of $1.89 billion. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.56 EPS. On average, equities research analysts anticipate that AerCap Holdings will post 11.33 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $1.00 annualized dividend and a yield of 1.08%. AerCap’s dividend payout ratio (DPR) is presently 6.51%.

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.