Meridian Wealth Management LLC Increases Position in Aercap Holdings N.V. (NYSE:AER)

Key Points

• Meridian Wealth Management LLC increased its stake in Aercap Holdings N.V. by 10.7%, owning 106,543 shares worth approximately $10.88 million as of the latest SEC filing.
• Several analysts raised their price targets for Aercap, with JPMorgan setting it at $114 and Barclays raising it to $131, indicating a generally positive outlook for the stock.
• Aercap announced a quarterly dividend of $0.27, resulting in an annualized dividend yield of 1.0%, with the dividend payout ratio currently at 6.72%.

Meridian Wealth Management LLC raised its position in Aercap Holdings N.V. (NYSE:AER - Free Report) by 10.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,543 shares of the financial services provider's stock after purchasing an additional 10,339 shares during the quarter. Meridian Wealth Management LLC owned 0.06% of Aercap worth $10,885,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new stake in Aercap in the fourth quarter valued at approximately $27,000. Mather Group LLC. raised its position in Aercap by 230.1% in the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 214 shares during the period. Blue Trust Inc. increased its position in shares of Aercap by 42.2% during the first quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider's stock worth $135,000 after acquiring an additional 391 shares during the period. Covestor Ltd increased its position in shares of Aercap by 9.6% during the first quarter. Covestor Ltd now owns 1,422 shares of the financial services provider's stock worth $145,000 after acquiring an additional 125 shares during the period. Finally, Bessemer Group Inc. increased its position in shares of Aercap by 473.2% during the first quarter. Bessemer Group Inc. now owns 1,473 shares of the financial services provider's stock worth $150,000 after acquiring an additional 1,216 shares during the period. Hedge funds and other institutional investors own 96.42% of the company's stock.

Aercap Stock Performance

NYSE AER traded down $0.95 during trading hours on Thursday, hitting $112.82. The company had a trading volume of 1,232,789 shares, compared to its average volume of 1,474,426. 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 1-year low of $85.57 and a 1-year high of $118.07. The company has a market cap of $21.07 billion, a PE ratio of 7.02, a price-to-earnings-growth ratio of 2.28 and a beta of 1.44. The business has a 50 day moving average of $113.71 and a 200-day moving average of $106.34.

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

Aercap Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on AER. 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. 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. JPMorgan Chase & Co. upped their price objective on Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Susquehanna reiterated a "positive" rating and set a $134.00 target price (up previously from $130.00) on shares of Aercap in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Aercap presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.57.

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.