Red Door Wealth Management LLC Buys New Shares in Aercap Holdings N.V. (NYSE:AER)

Red Door Wealth Management LLC bought a new position in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,159 shares of the financial services provider's stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. boosted its stake in Aercap by 2.1% in the 4th quarter. Principal Financial Group Inc. now owns 15,857 shares of the financial services provider's stock worth $1,518,000 after purchasing an additional 323 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Aercap by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 446,303 shares of the financial services provider's stock worth $42,711,000 after purchasing an additional 4,222 shares in the last quarter. New York Life Investment Management LLC raised its position in Aercap by 25.2% during the fourth quarter. New York Life Investment Management LLC now owns 4,430 shares of the financial services provider's stock valued at $424,000 after acquiring an additional 891 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of Aercap in the 4th quarter valued at $391,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Aercap by 62.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,045 shares of the financial services provider's stock worth $291,000 after buying an additional 1,174 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

Aercap Trading Up 0.7%

AER stock traded up $0.84 during midday trading on Friday, reaching $115.89. The company's stock had a trading volume of 912,170 shares, compared to its average volume of 1,351,296. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 2.69. Aercap Holdings N.V. has a 52 week low of $82.21 and a 52 week high of $118.07. The business's 50-day simple moving average is $113.18 and its 200-day simple moving average is $103.09. The stock has a market cap of $21.65 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 2.36 and a beta of 1.38.

Aercap (NYSE:AER - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 EPS for the quarter, topping analysts' consensus estimates of $2.69 by $0.99. Aercap had a return on equity of 13.84% and a net margin of 26.53%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the firm posted $3.29 earnings per share. Aercap's revenue was up 2.9% compared to the same quarter last year. As a group, sell-side analysts expect that Aercap Holdings N.V. 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 given a dividend of $0.27 per share. The ex-dividend date was Wednesday, May 14th. This represents a $1.08 annualized dividend and a dividend yield of 0.93%. Aercap's dividend payout ratio is currently 9.58%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Morgan Stanley boosted their price target on shares of Aercap from $101.00 to $111.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Bank of America increased their target price on Aercap from $105.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Susquehanna lifted their price target on shares of Aercap from $120.00 to $130.00 and gave the company a "positive" rating in a report on Tuesday, May 13th. Finally, UBS Group lowered Aercap to an "underperform" rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned 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 an average price target of $119.25.

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.