Cetera Investment Advisers Sells 8,187 Shares of Aercap Holdings N.V. (NYSE:AER)

Key Points

• Cetera Investment Advisers has reduced its holdings in Aercap Holdings N.V. by 31.7%, selling 8,187 shares, and now owns 17,664 shares valued at approximately $1.8 million.
• Aercap reported earnings per share of $2.83, exceeding estimates by $0.08, despite a 3.6% decline in quarterly revenue compared to the previous year.
• The company recently announced a quarterly dividend of $0.27 per share, representing a 1.0% dividend yield and a payout ratio of 6.72%.

Cetera Investment Advisers lessened its holdings in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 31.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,664 shares of the financial services provider's stock after selling 8,187 shares during the period. Cetera Investment Advisers' holdings in Aercap were worth $1,805,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Signaturefd LLC increased its holdings in shares of Aercap by 1.8% during the 1st quarter. Signaturefd LLC now owns 5,819 shares of the financial services provider's stock worth $595,000 after acquiring an additional 102 shares during the last quarter. Allworth Financial LP boosted its stake in Aercap by 8.0% in the 1st quarter. Allworth Financial LP now owns 1,566 shares of the financial services provider's stock valued at $160,000 after purchasing an additional 116 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in shares of Aercap by 0.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 24,096 shares of the financial services provider's stock valued at $2,301,000 after acquiring an additional 209 shares during the period. Mather Group LLC. lifted its position in shares of Aercap by 230.1% during the 1st quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 214 shares during the period. Finally, Winthrop Capital Management LLC lifted its position in shares of Aercap by 4.9% during the 1st quarter. Winthrop Capital Management LLC now owns 4,602 shares of the financial services provider's stock valued at $470,000 after acquiring an additional 216 shares during the period. Institutional investors own 96.42% of the company's stock.

Aercap Trading Down 0.6%

Shares of AER stock traded down $0.71 on Wednesday, hitting $112.80. The company had a trading volume of 574,819 shares, compared to its average volume of 1,468,734. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.44 and a current ratio of 0.44. Aercap Holdings N.V. has a twelve month low of $85.57 and a twelve month high of $118.07. The stock's 50-day moving average is $113.73 and its two-hundred day moving average is $106.28. The firm has a market cap of $21.07 billion, a P/E ratio of 7.01, a P/E/G ratio of 2.21 and a beta of 1.44.

Aercap (NYSE:AER - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $2.83 EPS for the quarter, beating analysts' consensus estimates of $2.75 by $0.08. Aercap had a return on equity of 13.13% and a net margin of 36.93%. The firm had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter last year, the firm posted $3.01 earnings per share. The company's revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Wednesday, August 13th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, August 13th. Aercap's dividend payout ratio (DPR) is currently 6.72%.

Analysts Set New Price Targets

AER has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Morgan Stanley upped their price objective on Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Susquehanna restated a "positive" rating and set a $134.00 price objective (up from $130.00) on shares of Aercap in a research report on Wednesday. Finally, Barclays upped their price objective on Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.57.

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.