Balboa Wealth Partners Sells 950 Shares of AerCap Holdings (NYSE:AER)

Balboa Wealth Partners decreased its position in AerCap Holdings (NYSE:AER) by 7.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,700 shares of the financial services provider’s stock after selling 950 shares during the period. Balboa Wealth Partners’ holdings in AerCap were worth $1,203,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. KBC Group NV raised its position in shares of AerCap by 18.7% in the third quarter. KBC Group NV now owns 350,888 shares of the financial services provider’s stock worth $33,236,000 after buying an additional 55,213 shares in the last quarter. Freemont Management S.A. bought a new position in shares of AerCap during the third quarter valued at about $1,497,000. Oppenheimer & Co. Inc. grew its stake in shares of AerCap by 231.3% during the third quarter. Oppenheimer & Co. Inc. now owns 36,226 shares of the financial services provider’s stock valued at $3,431,000 after buying an additional 25,292 shares during the last quarter. MQS Management LLC grew its stake in shares of AerCap by 44.7% in the third quarter. MQS Management LLC now owns 4,865 shares of the financial services provider’s stock worth $461,000 after purchasing an additional 1,502 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of AerCap by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 392,727 shares of the financial services provider’s stock worth $37,199,000 after purchasing an additional 2,143 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Stock Up 0.6 %

Shares of NYSE:AER opened at $95.13 on Friday. The stock has a market capitalization of $18.83 billion, a price-to-earnings ratio of 7.54, a price-to-earnings-growth ratio of 2.15 and a beta of 1.83. AerCap Holdings has a 1-year low of $66.34 and a 1-year high of $99.68. The company’s fifty day moving average is $95.09 and its two-hundred day moving average is $93.33. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67.

AerCap (NYSE:AER) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 EPS 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 firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the firm posted $2.81 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. Equities analysts anticipate that AerCap Holdings will post 11.26 EPS for the current year.

AerCap Dividend Announcement

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

Wall Street Analysts Forecast Growth

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