Corient Private Wealth LLC Cuts Holdings in AerCap Holdings (NYSE:AER)

Corient Private Wealth LLC lowered its stake in shares of AerCap Holdings (NYSE:AER) by 4.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,883 shares of the financial services provider’s stock after selling 332 shares during the period. Corient Private Wealth LLC’s holdings in AerCap were worth $659,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AER. Toth Financial Advisory Corp purchased a new stake in shares of AerCap during the 4th quarter worth $29,000. Fortitude Family Office LLC bought a new position in AerCap in the fourth quarter worth about $38,000. Quantbot Technologies LP purchased a new stake in shares of AerCap during the third quarter valued at about $66,000. TD Private Client Wealth LLC bought a new stake in shares of AerCap in the 3rd quarter valued at about $78,000. Finally, Eagle Bay Advisors LLC raised its stake in shares of AerCap by 1,148.5% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 1,160 shares in the last quarter. Institutional investors own 96.42% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on AER shares. Bank of America increased their price objective on AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, March 7th. Barclays reiterated an “overweight” rating and issued a $115.00 price target (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. UBS Group lowered AerCap to an “underperform” rating in a research note on Friday, March 7th. Finally, Susquehanna increased their price objective on shares of AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, AerCap has an average rating of “Moderate Buy” and an average target price of $117.43.

AerCap Trading Down 0.6 %

Shares of NYSE:AER opened at $102.12 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a 52-week low of $81.93 and a 52-week high of $107.36. The stock has a market cap of $19.07 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 2.22 and a beta of 1.83. The business has a 50-day moving average price of $99.60 and a 200-day moving average price of $97.06.

AerCap (NYSE:AER) last posted its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.75. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.97 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. Equities analysts predict that AerCap Holdings will post 11.29 EPS for the current year.

AerCap Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.27 per share. This is an increase from AerCap’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.06%. The ex-dividend date is Wednesday, March 12th. AerCap’s dividend payout ratio (DPR) is currently 9.99%.

AerCap announced that its Board of Directors has approved a share repurchase program on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 4.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

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.