Private Advisor Group LLC Purchases 5,356 Shares of Aercap Holdings N.V. (NYSE:AER)

Key Points

• Private Advisor Group LLC increased its stake in Aercap Holdings N.V. by 194.1% during the first quarter, owning a total of 8,115 shares worth $829,000 as of the latest reporting period.
• Aercap recently reported an EPS of $3.68 for the last quarter, exceeding expectations, and showed a 2.9% increase in revenue compared to the same period last year.
• Wall Street analysts are optimistic about Aercap, with seven buy ratings and an average price target of $122.38, reflecting a bullish outlook on the stock's performance.

Private Advisor Group LLC increased its stake in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 194.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,115 shares of the financial services provider's stock after buying an additional 5,356 shares during the quarter. Private Advisor Group LLC's holdings in Aercap were worth $829,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Aercap in the fourth quarter worth $218,517,000. Alyeska Investment Group L.P. grew its stake in shares of Aercap by 139.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,505,799 shares of the financial services provider's stock worth $144,105,000 after purchasing an additional 875,950 shares in the last quarter. TOMS Capital Investment Management LP grew its stake in shares of Aercap by 118.8% in the fourth quarter. TOMS Capital Investment Management LP now owns 1,398,000 shares of the financial services provider's stock worth $133,789,000 after purchasing an additional 759,000 shares in the last quarter. Millennium Management LLC grew its stake in shares of Aercap by 190.7% in the fourth quarter. Millennium Management LLC now owns 1,074,931 shares of the financial services provider's stock worth $102,871,000 after purchasing an additional 705,212 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Aercap by 90.9% in the fourth quarter. Northern Trust Corp now owns 1,396,937 shares of the financial services provider's stock worth $133,687,000 after purchasing an additional 664,990 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors.

Aercap Stock Up 1.3%

Shares of NYSE AER traded up $1.39 during mid-day trading on Friday, reaching $108.64. 805,532 shares of the company traded hands, compared to its average volume of 1,472,648. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a market cap of $20.29 billion, a PE ratio of 6.76, a price-to-earnings-growth ratio of 2.44 and a beta of 1.38. The company's fifty day moving average is $114.46 and its two-hundred day moving average is $105.43. Aercap Holdings N.V. has a fifty-two week low of $82.21 and a fifty-two week high of $118.07.

Aercap (NYSE:AER - Get Free Report) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.08. Aercap had a return on equity of 13.31% and a net margin of 36.93%. The firm 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 company earned $3.01 EPS. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year. On average, analysts expect that Aercap Holdings N.V. will post 11.29 earnings per share for the current year.

Aercap Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently weighed in on AER shares. Susquehanna upped their price objective on Aercap from $120.00 to $130.00 and gave the company a "positive" rating in a report on Tuesday, May 13th. Barclays upped their target price on Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Morgan Stanley upped their price target on Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. upped their price target on Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. One research 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.00.

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.