AerCap Holdings (NYSE:AER) Shares Sold by Balboa Wealth Partners

Balboa Wealth Partners trimmed its holdings in AerCap Holdings (NYSE:AER) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,025 shares of the financial services provider’s stock after selling 675 shares during the quarter. Balboa Wealth Partners’ holdings in AerCap were worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. First Horizon Advisors Inc. lifted its holdings in AerCap by 15.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 108 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in AerCap by 0.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,192 shares of the financial services provider’s stock valued at $1,837,000 after acquiring an additional 115 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in AerCap by 3.8% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 5,322 shares of the financial services provider’s stock valued at $509,000 after acquiring an additional 194 shares during the last quarter. Inspire Advisors LLC lifted its holdings in AerCap by 3.4% in the 4th quarter. Inspire Advisors LLC now owns 6,336 shares of the financial services provider’s stock valued at $606,000 after acquiring an additional 209 shares during the last quarter. Finally, Williamson Legacy Group LLC lifted its holdings in AerCap by 2.5% in the 4th quarter. Williamson Legacy Group LLC now owns 10,674 shares of the financial services provider’s stock valued at $1,022,000 after acquiring an additional 261 shares during the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AER has been the subject of a number of analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 price objective on shares of AerCap in a research note on Thursday, November 21st. UBS Group lowered shares of AerCap to an “underperform” rating in a research note on Friday, March 7th. Susquehanna upped their price objective on shares of AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a research note on Thursday, February 27th. Barclays reaffirmed an “overweight” rating and set a $115.00 price objective (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Finally, Bank of America upped their price objective on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, AerCap presently has an average rating of “Moderate Buy” and an average price target of $117.43.

AerCap Price Performance

Shares of AER opened at $97.07 on Thursday. The company has a market capitalization of $18.13 billion, a price-to-earnings ratio of 7.69, a P/E/G ratio of 2.22 and a beta of 1.83. AerCap Holdings has a fifty-two week low of $81.93 and a fifty-two week high of $107.36. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The business’s 50-day moving average is $97.91 and its 200-day moving average is $96.35.

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

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

AerCap Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.11%. This is an increase from AerCap’s previous quarterly dividend of $0.25. AerCap’s dividend payout ratio is currently 9.99%.

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.