Balboa Wealth Partners Sells 675 Shares of AerCap Holdings (NYSE:AER)

Balboa Wealth Partners decreased its position in AerCap Holdings (NYSE:AER) by 5.3% during the fourth quarter, HoldingsChannel reports. The firm 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 & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Toth Financial Advisory Corp bought a new position in shares of AerCap in the fourth quarter valued at approximately $29,000. Truvestments Capital LLC bought a new position in shares of AerCap in the third quarter valued at approximately $35,000. Fortitude Family Office LLC bought a new position in shares of AerCap in the fourth quarter valued at approximately $38,000. Transamerica Financial Advisors Inc. bought a new position in shares of AerCap in the third quarter valued at approximately $64,000. Finally, Quantbot Technologies LP bought a new position in shares of AerCap in the third quarter valued at approximately $66,000. Institutional investors own 96.42% of the company’s stock.

AerCap Stock Down 0.3 %

AER opened at $97.07 on Thursday. 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 firm’s fifty day moving average price is $97.91 and its two-hundred day moving average price is $96.35. The company has a market capitalization of $18.13 billion, a P/E ratio of 7.69, a P/E/G ratio of 2.22 and a beta of 1.83.

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

AerCap announced that its Board of Directors has approved a stock buyback plan 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 plans are generally a sign that the company’s board believes its shares are undervalued.

AerCap Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AER. Susquehanna raised their price objective on shares of AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research note on Thursday, February 27th. Bank of America raised 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. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price objective on shares of AerCap in a research note on Thursday, November 21st. Barclays restated an “overweight” rating and issued a $115.00 price objective (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Finally, UBS Group downgraded shares of AerCap to an “underperform” rating in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, AerCap currently has a consensus rating of “Moderate Buy” and an average price target of $117.43.

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.