Wealthstar Advisors LLC Acquires 160 Shares of AerCap Holdings (NYSE:AER)

Wealthstar Advisors LLC raised its holdings in shares of AerCap Holdings (NYSE:AER) by 1.3% in the first quarter, HoldingsChannel reports. The firm owned 12,843 shares of the financial services provider’s stock after buying an additional 160 shares during the quarter. Wealthstar Advisors LLC’s holdings in AerCap were worth $1,116,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AER. Norges Bank bought a new position in AerCap during the 4th quarter valued at approximately $145,951,000. Wellington Management Group LLP raised its position in shares of AerCap by 9.9% in the 3rd quarter. Wellington Management Group LLP now owns 21,028,200 shares of the financial services provider’s stock worth $1,317,837,000 after acquiring an additional 1,901,459 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in shares of AerCap in the 4th quarter worth approximately $137,412,000. TOMS Capital Investment Management LP bought a new position in shares of AerCap in the 4th quarter worth approximately $133,330,000. Finally, Franklin Resources Inc. raised its position in shares of AerCap by 32.0% in the 4th quarter. Franklin Resources Inc. now owns 6,090,321 shares of the financial services provider’s stock worth $452,633,000 after acquiring an additional 1,476,236 shares in the last quarter. Institutional investors own 96.42% of the company’s stock.

Analyst Ratings Changes

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

AerCap Stock Performance

Shares of AER stock traded down $0.26 on Thursday, reaching $93.90. The stock had a trading volume of 523,796 shares, compared to its average volume of 1,519,516. The stock has a market cap of $18.59 billion, a P/E ratio of 6.11, a price-to-earnings-growth ratio of 2.25 and a beta of 1.83. AerCap Holdings has a 1 year low of $57.30 and a 1 year high of $96.95. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.26 and a current ratio of 0.26. The company has a 50 day simple moving average of $90.96 and a 200 day simple moving average of $83.35.

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

AerCap Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Wednesday, May 22nd were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.00 dividend on an annualized basis and a yield of 1.06%. AerCap’s dividend payout ratio is currently 6.51%.

AerCap 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.