Kestra Advisory Services LLC Has $684,000 Position in Aercap Holdings N.V. $AER

Kestra Advisory Services LLC lessened its holdings in Aercap Holdings N.V. (NYSE:AER) by 52.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,985 shares of the financial services provider’s stock after selling 5,566 shares during the period. Kestra Advisory Services LLC’s holdings in Aercap were worth $684,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Arbejdsmarkedets Tillaegspension acquired a new position in Aercap in the 4th quarter valued at about $23,935,000. Convergence Investment Partners LLC bought a new position in Aercap in the 4th quarter valued at about $1,520,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Aercap by 6.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 175,986 shares of the financial services provider’s stock worth $25,453,000 after acquiring an additional 10,447 shares during the last quarter. Pacific Capital Partners Ltd lifted its position in Aercap by 65.8% during the fourth quarter. Pacific Capital Partners Ltd now owns 32,750 shares of the financial services provider’s stock worth $4,708,000 after acquiring an additional 13,000 shares during the last quarter. Finally, Ninety One North America Inc. bought a new stake in shares of Aercap during the fourth quarter worth approximately $5,110,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Morgan Stanley decreased their target price on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. TD Cowen lifted their price target on Aercap from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Zacks Research upgraded Aercap from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Susquehanna upped their price objective on Aercap from $170.00 to $176.00 and gave the company a “positive” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings upgraded Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $168.67.

Aercap Stock Performance

NYSE AER opened at $151.33 on Friday. The firm has a 50-day moving average price of $143.77 and a two-hundred day moving average price of $143.36. Aercap Holdings N.V. has a 12-month low of $105.65 and a 12-month high of $155.99. The company has a market capitalization of $25.25 billion, a P/E ratio of 6.63, a P/E/G ratio of 1.05 and a beta of 0.94. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34.

Aercap (NYSE:AER) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. The company had revenue of $2.30 billion for the quarter. Analysts anticipate that Aercap Holdings N.V. will post 17.39 earnings per share for the current year.

Aercap Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Aercap’s dividend payout ratio is currently 7.01%.

Aercap declared that its Board of Directors has authorized a stock buyback plan on Wednesday, April 29th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Aercap Company Profile

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.