Balentine LLC Sells 187 Shares of AerCap Holdings (NYSE:AER)

Balentine LLC reduced its stake in AerCap Holdings (NYSE:AER) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,062 shares of the financial services provider’s stock after selling 187 shares during the quarter. Balentine LLC’s holdings in AerCap were worth $228,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Signaturefd LLC lifted its position in AerCap by 3.3% during the 4th quarter. Signaturefd LLC now owns 4,338 shares of the financial services provider’s stock worth $322,000 after buying an additional 137 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in AerCap by 2.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,613 shares of the financial services provider’s stock worth $491,000 after buying an additional 154 shares in the last quarter. DGS Capital Management LLC lifted its position in AerCap by 2.2% during the 4th quarter. DGS Capital Management LLC now owns 7,236 shares of the financial services provider’s stock worth $538,000 after buying an additional 155 shares in the last quarter. Gotham Asset Management LLC lifted its position in AerCap by 3.3% during the 3rd quarter. Gotham Asset Management LLC now owns 5,538 shares of the financial services provider’s stock worth $347,000 after buying an additional 175 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in AerCap by 4.7% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 4,123 shares of the financial services provider’s stock worth $306,000 after buying an additional 185 shares in the last quarter. 96.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AER shares. BMO Capital Markets dropped their target price on shares of AerCap from $103.00 to $101.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Deutsche Bank Aktiengesellschaft upped their target price on shares of AerCap from $95.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Susquehanna upped their target price on shares of AerCap from $90.00 to $100.00 and gave the company a “positive” rating in a report on Thursday, May 2nd. TD Cowen upped their target price on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a report on Thursday. Finally, Barclays upped their target price on shares of AerCap from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $96.88.

AerCap Stock Down 0.1 %

Shares of AER opened at $91.26 on Friday. AerCap Holdings has a 52 week low of $56.38 and a 52 week high of $93.53. The firm has a market cap of $18.06 billion, a P/E ratio of 5.94, a price-to-earnings-growth ratio of 4.07 and a beta of 1.84. The firm’s 50-day simple moving average is $87.00 and its 200 day simple moving average is $78.48. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.26 and a current ratio of 0.26.

AerCap (NYSE:AER) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.98. AerCap had a net margin of 42.78% and a return on equity of 15.29%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the business earned $2.34 EPS. AerCap’s quarterly revenue was up 8.1% on a year-over-year basis. On average, analysts forecast that AerCap Holdings will post 10.26 earnings per share for the current year.

AerCap Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Wednesday, May 22nd will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, May 21st. This represents a $1.00 annualized dividend and a dividend yield of 1.10%. AerCap’s dividend payout ratio is presently 6.51%.

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.