HighTower Advisors LLC grew its position in shares of Aercap Holdings N.V. (NYSE:AER – Free Report) by 3.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,938 shares of the financial services provider’s stock after purchasing an additional 391 shares during the quarter. HighTower Advisors LLC’s holdings in Aercap were worth $1,118,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. increased its holdings in shares of Aercap by 230.1% during the 1st quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 214 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Aercap by 1.4% in the 1st quarter. Bank of New York Mellon Corp now owns 452,376 shares of the financial services provider’s stock worth $46,219,000 after acquiring an additional 6,073 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Aercap by 9.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,996 shares of the financial services provider’s stock worth $1,123,000 after acquiring an additional 978 shares in the last quarter. Bessemer Group Inc. increased its holdings in Aercap by 473.2% in the 1st quarter. Bessemer Group Inc. now owns 1,473 shares of the financial services provider’s stock worth $150,000 after acquiring an additional 1,216 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Aercap by 2.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,465 shares of the financial services provider’s stock worth $865,000 after acquiring an additional 219 shares in the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.
Aercap Trading Up 2.6%
Shares of AER stock opened at $123.68 on Wednesday. The company’s 50-day moving average price is $113.89 and its 200-day moving average price is $107.72. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.57. The stock has a market cap of $23.10 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 2.41 and a beta of 1.44. Aercap Holdings N.V. has a twelve month low of $85.57 and a twelve month high of $123.76.
Aercap Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Wednesday, August 13th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $1.08 annualized dividend and a dividend yield of 0.9%. Aercap’s payout ratio is presently 6.72%.
Wall Street Analyst Weigh In
AER has been the subject of several recent analyst reports. Susquehanna boosted their price target on shares of Aercap from $130.00 to $134.00 and gave the stock a “positive” rating in a report on Wednesday, August 13th. Morgan Stanley boosted their price target on shares of Aercap from $111.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, July 17th. JPMorgan Chase & Co. lifted their target price on shares of Aercap from $112.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Finally, Barclays lifted their target price on shares of Aercap from $115.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $122.57.
Aercap Company 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.
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