Cetera Investment Advisers Sells 8,187 Shares of Aercap Holdings N.V. (NYSE:AER)

Cetera Investment Advisers decreased its holdings in Aercap Holdings N.V. (NYSE:AER) by 31.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,664 shares of the financial services provider’s stock after selling 8,187 shares during the quarter. Cetera Investment Advisers’ holdings in Aercap were worth $1,805,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Ameriflex Group Inc. bought a new stake in shares of Aercap in the fourth quarter worth $27,000. Mather Group LLC. lifted its holdings in Aercap by 230.1% in the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $31,000 after buying an additional 214 shares during the period. Blue Trust Inc. lifted its holdings in Aercap by 42.2% in the first quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider’s stock valued at $135,000 after buying an additional 391 shares during the period. Bessemer Group Inc. lifted its holdings in Aercap by 473.2% in the first quarter. Bessemer Group Inc. now owns 1,473 shares of the financial services provider’s stock valued at $150,000 after buying an additional 1,216 shares during the period. Finally, Allworth Financial LP lifted its holdings in Aercap by 8.0% in the first quarter. Allworth Financial LP now owns 1,566 shares of the financial services provider’s stock valued at $160,000 after buying an additional 116 shares during the period. Institutional investors own 96.42% of the company’s stock.

Aercap Price Performance

Shares of NYSE AER opened at $110.32 on Friday. The firm’s 50-day moving average price is $113.88 and its 200-day moving average price is $105.97. Aercap Holdings N.V. has a 1-year low of $85.57 and a 1-year high of $118.07. The firm has a market capitalization of $20.61 billion, a P/E ratio of 6.86, a P/E/G ratio of 2.19 and a beta of 1.44. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.57.

Aercap (NYSE:AER) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.08. Aercap had a net margin of 36.93% and a return on equity of 13.13%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the business earned $3.01 earnings per share. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. Equities research analysts anticipate that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Wednesday, August 13th will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, August 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.0%. Aercap’s dividend payout ratio is currently 6.72%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Susquehanna boosted their target price on shares of Aercap from $120.00 to $130.00 and gave the company a “positive” rating in a report on Tuesday, May 13th. Morgan Stanley boosted their target price on shares of Aercap from $111.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, July 17th. Barclays boosted their target price on shares of Aercap from $115.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Aercap from $112.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $122.00.

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.