Virtu Financial LLC Decreases Stock Position in AerCap Holdings (NYSE:AER)

Virtu Financial LLC lessened its holdings in AerCap Holdings (NYSE:AER) by 3.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 9,303 shares of the financial services provider’s stock after selling 353 shares during the period. Virtu Financial LLC’s holdings in AerCap were worth $881,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AER. First Horizon Advisors Inc. boosted its stake in AerCap by 15.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 108 shares in the last quarter. Dupree Financial Group LLC raised its holdings in shares of AerCap by 0.4% in the third quarter. Dupree Financial Group LLC now owns 28,395 shares of the financial services provider’s stock worth $2,690,000 after buying an additional 121 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of AerCap by 89.9% during the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock worth $25,000 after buying an additional 134 shares during the period. UMB Bank n.a. grew its holdings in shares of AerCap by 35.5% during the third quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock valued at $63,000 after buying an additional 174 shares during the last quarter. Finally, Wealthstream Advisors Inc. increased its position in shares of AerCap by 7.4% in the 2nd quarter. Wealthstream Advisors Inc. now owns 2,841 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 196 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 price target on shares of AerCap in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upped their target price on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, AerCap presently has an average rating of “Moderate Buy” and an average target price of $112.00.

AerCap Stock Performance

Shares of AER stock opened at $95.66 on Friday. The stock has a market cap of $18.93 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 2.17 and a beta of 1.82. AerCap Holdings has a 52-week low of $70.48 and a 52-week high of $100.81. The business has a 50-day simple moving average of $96.39 and a 200-day simple moving average of $94.39. 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 (NYSE:AER) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, hitting the consensus estimate of $2.41. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.81 EPS. On average, equities analysts expect that AerCap Holdings will post 11.26 EPS for the current year.

AerCap Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th were issued a $0.25 dividend. The ex-dividend date of this dividend was 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%.

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.