AerCap Holdings (NYSE:AER) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC lessened its stake in shares of AerCap Holdings (NYSE:AER) by 11.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,500 shares of the financial services provider’s stock after selling 1,500 shares during the period. Avior Wealth Management LLC’s holdings in AerCap were worth $1,089,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of AER. Blue Trust Inc. raised its position in shares of AerCap by 89.9% during the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 134 shares during the last quarter. Mather Group LLC. grew its stake in AerCap by 230.1% during the 2nd quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 214 shares in the last quarter. UMB Bank n.a. grew its stake in AerCap by 35.5% during the 3rd quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 174 shares in the last quarter. Federated Hermes Inc. grew its stake in AerCap by 209.1% during the 2nd quarter. Federated Hermes Inc. now owns 1,567 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 1,060 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd grew its stake in shares of AerCap by 33.3% in the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 2,000 shares of the financial services provider’s stock valued at $186,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Price Performance

Shares of AER opened at $95.27 on Thursday. AerCap Holdings has a twelve month low of $66.34 and a twelve month high of $99.68. The firm’s fifty day simple moving average is $95.44 and its 200-day simple moving average is $93.63. The firm has a market capitalization of $18.86 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 2.15 and a beta of 1.83. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89.

AerCap (NYSE:AER) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the business earned $2.81 EPS. The company’s revenue was up 3.0% on a year-over-year basis. Equities analysts forecast that AerCap Holdings will post 11.26 EPS for the current fiscal year.

AerCap Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap’s dividend payout ratio (DPR) is 7.92%.

Analysts Set New Price Targets

Several research firms have recently weighed in on AER. Susquehanna increased their price target on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Friday, August 2nd. TD Cowen reissued a “buy” rating and issued a $125.00 price target on shares of AerCap in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft increased their price target on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Barclays upped their price objective on shares of AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.83.

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.