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

Red Door Wealth Management LLC bought a new stake in Aercap Holdings N.V. (NYSE:AER - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,159 shares of the financial services provider's stock, valued at approximately $221,000.

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

Aercap Stock Performance

Shares of AER opened at $116.96 on Tuesday. Aercap Holdings N.V. has a 1 year low of $82.21 and a 1 year high of $118.07. The stock has a market capitalization of $21.85 billion, a PE ratio of 10.38, a PEG ratio of 2.39 and a beta of 1.40. 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 50-day simple moving average of $111.99 and a 200-day simple moving average of $102.65.

Aercap (NYSE:AER - Get Free Report) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.99. Aercap had a net margin of 26.53% and a return on equity of 13.84%. The firm had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter last year, the company earned $3.29 earnings per share. The firm's revenue was up 2.9% compared to the same quarter last year. On average, analysts predict that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Wednesday, May 14th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.92%. Aercap's payout ratio is currently 9.58%.

Wall Street Analysts Forecast Growth

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

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.

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