Exchange Traded Concepts LLC Buys Shares of 9,152 Aercap Holdings N.V. $AER

Exchange Traded Concepts LLC bought a new stake in Aercap Holdings N.V. (NYSE:AER) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,152 shares of the financial services provider’s stock, valued at approximately $1,316,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. acquired a new stake in shares of Aercap during the 3rd quarter worth approximately $26,000. Advisory Services Network LLC bought a new position in shares of Aercap in the 3rd quarter valued at $35,000. GAMMA Investing LLC raised its holdings in shares of Aercap by 36.5% during the 4th quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock worth $52,000 after buying an additional 96 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Aercap by 26.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after buying an additional 94 shares in the last quarter. Finally, Toth Financial Advisory Corp lifted its position in shares of Aercap by 66.7% during the 3rd quarter. Toth Financial Advisory Corp now owns 500 shares of the financial services provider’s stock worth $60,000 after buying an additional 200 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Morgan Stanley raised their price objective on Aercap from $150.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Zacks Research downgraded Aercap from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Weiss Ratings restated a “buy (b+)” rating on shares of Aercap in a research note on Wednesday, January 21st. TD Cowen reaffirmed a “buy” rating on shares of Aercap in a report on Monday, March 16th. Finally, Truist Financial started coverage on shares of Aercap in a research report on Tuesday, December 9th. They set a “buy” rating and a $159.00 price objective for the company. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $153.38.

Aercap Trading Down 0.7%

NYSE AER opened at $139.00 on Friday. The company has a market cap of $23.20 billion, a price-to-earnings ratio of 6.51, a price-to-earnings-growth ratio of 1.24 and a beta of 0.99. Aercap Holdings N.V. has a twelve month low of $85.57 and a twelve month high of $154.94. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 2.38. The business’s fifty day moving average is $142.58 and its 200 day moving average is $136.45.

Aercap (NYSE:AER) last issued its earnings results on Saturday, February 7th. The financial services provider reported $3.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.64. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Aercap had a return on equity of 15.11% and a net margin of 44.04%.The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.31 EPS. As a group, sell-side analysts expect that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Wednesday, February 25th were paid a $0.40 dividend. This is an increase from Aercap’s previous quarterly dividend of $0.27. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, February 25th. Aercap’s payout ratio is currently 7.50%.

Aercap Company Profile

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.