AerCap Holdings (NYSE:AER) Shares Sold by Truvestments Capital LLC

Truvestments Capital LLC trimmed its holdings in AerCap Holdings (NYSE:AER) by 27.3% in the first quarter, HoldingsChannel.com reports. The firm owned 373 shares of the financial services provider’s stock after selling 140 shares during the quarter. Truvestments Capital LLC’s holdings in AerCap were worth $32,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AER. Vanguard Group Inc. boosted its holdings in AerCap by 12.7% in the third quarter. Vanguard Group Inc. now owns 410,518 shares of the financial services provider’s stock valued at $25,727,000 after purchasing an additional 46,404 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in AerCap by 14.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 301,596 shares of the financial services provider’s stock valued at $22,415,000 after purchasing an additional 38,999 shares in the last quarter. PFG Advisors acquired a new position in AerCap in the fourth quarter valued at approximately $222,000. Bensler LLC boosted its holdings in AerCap by 6.6% in the fourth quarter. Bensler LLC now owns 25,828 shares of the financial services provider’s stock valued at $1,920,000 after purchasing an additional 1,595 shares in the last quarter. Finally, Cigna Investments Inc. New boosted its holdings in shares of AerCap by 9.7% in the fourth quarter. Cigna Investments Inc. New now owns 3,676 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 324 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AER shares. TD Cowen increased their price objective on AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Morgan Stanley started coverage on AerCap in a report on Friday, June 7th. They issued an “equal weight” rating and a $103.00 price objective for the company. Susquehanna increased their price objective on AerCap from $90.00 to $100.00 and gave the company a “positive” rating in a report on Thursday, May 2nd. Barclays upped their price target on AerCap from $94.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on AerCap from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $99.44.

AerCap Price Performance

NYSE:AER traded up $0.38 during trading hours on Friday, hitting $93.58. The company’s stock had a trading volume of 1,229,252 shares, compared to its average volume of 1,287,783. The business’s 50-day moving average is $93.01 and its two-hundred day moving average is $85.79. The company has a market capitalization of $18.52 billion, a PE ratio of 6.09, a PEG ratio of 2.24 and a beta of 1.83. 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 Holdings has a 52-week low of $57.30 and a 52-week high of $98.79.

AerCap (NYSE:AER) last released its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.98. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.95 billion. AerCap had a return on equity of 15.29% and a net margin of 42.78%. AerCap’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.34 earnings per share. As a group, research analysts anticipate that AerCap Holdings will post 10.61 EPS for the current fiscal year.

AerCap Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Wednesday, May 22nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was 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.