Epiq Partners LLC Sells 150 Shares of AerCap Holdings (NYSE:AER)

Epiq Partners LLC decreased its position in AerCap Holdings (NYSE:AER) by 0.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 26,530 shares of the financial services provider’s stock after selling 150 shares during the period. AerCap comprises 1.4% of Epiq Partners LLC’s portfolio, making the stock its 26th biggest position. Epiq Partners LLC’s holdings in AerCap were worth $2,711,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Sendero Wealth Management LLC lifted its position in shares of AerCap by 13.0% in the first quarter. Sendero Wealth Management LLC now owns 15,460 shares of the financial services provider’s stock worth $1,580,000 after purchasing an additional 1,777 shares in the last quarter. Merit Financial Group LLC acquired a new position in shares of AerCap during the 1st quarter worth about $475,000. O Keefe Stevens Advisory Inc. boosted its stake in shares of AerCap by 14.2% during the 1st quarter. O Keefe Stevens Advisory Inc. now owns 106,703 shares of the financial services provider’s stock worth $10,902,000 after buying an additional 13,249 shares during the last quarter. Fiduciary Alliance LLC grew its holdings in shares of AerCap by 10.7% in the 1st quarter. Fiduciary Alliance LLC now owns 23,217 shares of the financial services provider’s stock valued at $2,372,000 after acquiring an additional 2,247 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its position in shares of AerCap by 30.9% in the first quarter. 180 Wealth Advisors LLC now owns 14,691 shares of the financial services provider’s stock valued at $1,501,000 after acquiring an additional 3,472 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. UBS Group cut AerCap to an “underperform” rating in a research report on Friday, March 7th. Barclays restated an “overweight” rating and set a $115.00 target price (up from $113.00) on shares of AerCap in a report on Thursday, February 27th. Susquehanna upped their price target on shares of AerCap from $120.00 to $130.00 and gave the stock a “positive” rating in a research report on Tuesday, May 13th. Morgan Stanley lifted their price objective on shares of AerCap from $101.00 to $111.00 and gave the company an “equal weight” rating in a research report on Thursday, May 1st. Finally, Bank of America boosted their price objective on shares of AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $119.25.

AerCap Trading Up 0.8%

AER stock opened at $116.80 on Friday. AerCap Holdings has a one year low of $82.21 and a one year high of $117.41. The stock has a market cap of $21.82 billion, a price-to-earnings ratio of 9.26, a price-to-earnings-growth ratio of 2.22 and a beta of 1.41. The company has a fifty day moving average price of $105.15 and a two-hundred day moving average price of $100.55. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67.

AerCap (NYSE:AER) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $3.68 EPS for the quarter, topping the consensus estimate of $2.69 by $0.99. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the firm posted $3.29 EPS. AerCap’s revenue was up 2.9% compared to the same quarter last year. Equities analysts anticipate that AerCap Holdings will post 11.29 EPS for the current year.

AerCap Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Wednesday, May 14th. AerCap’s dividend payout ratio is presently 9.58%.

AerCap declared that its Board of Directors has authorized a share buyback program on Wednesday, February 26th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to buy up to 4.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

AerCap 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.