Sendero Wealth Management LLC Cuts Stake in AerCap Holdings (NYSE:AER)

Sendero Wealth Management LLC lowered its position in AerCap Holdings (NYSE:AER) by 28.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 13,683 shares of the financial services provider’s stock after selling 5,475 shares during the period. Sendero Wealth Management LLC’s holdings in AerCap were worth $1,189,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AER. Charles Schwab Investment Management Inc. boosted its stake in AerCap by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 195,113 shares of the financial services provider’s stock worth $12,228,000 after buying an additional 3,732 shares in the last quarter. HighTower Advisors LLC lifted its position in AerCap by 35.1% in the third quarter. HighTower Advisors LLC now owns 8,945 shares of the financial services provider’s stock valued at $559,000 after purchasing an additional 2,325 shares during the last quarter. Rhumbline Advisers lifted its position in AerCap by 10.3% in the third quarter. Rhumbline Advisers now owns 42,981 shares of the financial services provider’s stock valued at $2,694,000 after purchasing an additional 4,029 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in AerCap in the third quarter valued at approximately $525,000. Finally, Envestnet Asset Management Inc. lifted its position in AerCap by 88.5% in the third quarter. Envestnet Asset Management Inc. now owns 297,702 shares of the financial services provider’s stock valued at $18,657,000 after purchasing an additional 139,747 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Stock Down 0.8 %

Shares of NYSE AER traded down $0.71 during trading on Friday, reaching $93.20. The company had a trading volume of 1,351,666 shares, compared to its average volume of 1,570,870. AerCap Holdings has a 12-month low of $57.30 and a 12-month high of $96.95. The stock has a market cap of $18.45 billion, a PE ratio of 6.06, a P/E/G ratio of 2.26 and a beta of 1.85. The business’s 50-day moving average is $90.46 and its 200 day moving average is $82.88. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 2.70.

AerCap (NYSE:AER) last released its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $3.29 EPS for the quarter, beating the consensus estimate of $2.31 by $0.98. AerCap had a return on equity of 15.29% and a net margin of 42.78%. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the firm posted $2.34 earnings per share. AerCap’s revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts forecast that AerCap Holdings will post 10.61 earnings per share for the current fiscal year.

AerCap Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Wednesday, May 22nd were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, May 21st. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. AerCap’s dividend payout ratio (DPR) is presently 6.51%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AER. Deutsche Bank Aktiengesellschaft upped their target price on AerCap from $95.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Morgan Stanley assumed coverage on AerCap in a report on Friday, June 7th. They issued an “equal weight” rating and a $103.00 price objective for the company. Barclays increased their price objective on AerCap from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. TD Cowen increased their price objective on AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Finally, Susquehanna increased their price objective on AerCap from $90.00 to $100.00 and gave the stock a “positive” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, AerCap currently has a consensus rating of “Moderate Buy” and an average price target of $97.56.

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.