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

Balentine LLC trimmed its position in shares of AerCap Holdings (NYSE:AER) by 5.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,062 shares of the financial services provider’s stock after selling 187 shares during the period. Balentine LLC’s holdings in AerCap were worth $228,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Optiver Holding B.V. purchased a new position in shares of AerCap during the third quarter valued at approximately $32,000. Bourgeon Capital Management LLC lifted its holdings in shares of AerCap by 20,000.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 1,005 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 1,000 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of AerCap during the third quarter valued at approximately $63,000. Quadrant Capital Group LLC lifted its holdings in shares of AerCap by 20.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,537 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 262 shares during the last quarter. Finally, Principal Securities Inc. purchased a new position in shares of AerCap during the fourth quarter valued at approximately $145,000. 96.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. TD Cowen lifted 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. BMO Capital Markets lowered their target price on shares of AerCap from $103.00 to $101.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Barclays boosted their price objective on shares of AerCap from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of AerCap from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Finally, Susquehanna boosted their price objective on shares of AerCap from $90.00 to $100.00 and gave the stock a “positive” rating in a report on Thursday, May 2nd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $96.88.

AerCap Trading Down 0.1 %

Shares of AER stock opened at $91.26 on Friday. AerCap Holdings has a 1 year low of $56.38 and a 1 year high of $93.53. The firm has a fifty day moving average price of $87.00 and a 200-day moving average price of $78.48. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market cap of $18.06 billion, a price-to-earnings ratio of 5.94, a PEG ratio of 4.07 and a beta of 1.84.

AerCap (NYSE:AER) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $3.29 earnings per share (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 firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the firm posted $2.34 EPS. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities analysts predict that AerCap Holdings will post 10.26 earnings per share for the current year.

AerCap Dividend Announcement

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