Avior Wealth Management LLC Has $1.04 Million Stock Position in AerCap Holdings (NYSE:AER)

Avior Wealth Management LLC lowered its position in shares of AerCap Holdings (NYSE:AER) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,900 shares of the financial services provider’s stock after selling 600 shares during the quarter. Avior Wealth Management LLC’s holdings in AerCap were worth $1,043,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Darsana Capital Partners LP acquired a new stake in shares of AerCap in the 3rd quarter valued at approximately $94,720,000. TOMS Capital Investment Management LP bought a new position in AerCap during the 3rd quarter worth $60,526,000. Assenagon Asset Management S.A. increased its position in AerCap by 176.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 753,267 shares of the financial services provider’s stock worth $71,349,000 after buying an additional 480,551 shares during the period. Wedge Capital Management L L P NC increased its position in AerCap by 3,568.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 427,756 shares of the financial services provider’s stock worth $40,517,000 after buying an additional 416,096 shares during the period. Finally, State Street Corp increased its position in AerCap by 8.3% during the 3rd quarter. State Street Corp now owns 4,862,517 shares of the financial services provider’s stock worth $460,579,000 after buying an additional 370,906 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Stock Down 0.2 %

Shares of NYSE AER opened at $95.05 on Friday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. AerCap Holdings has a 52 week low of $75.83 and a 52 week high of $100.81. The stock has a market capitalization of $18.81 billion, a P/E ratio of 7.53, a PEG ratio of 2.07 and a beta of 1.82. The stock’s fifty day moving average is $96.09 and its 200 day moving average is $95.01.

AerCap (NYSE:AER) last released its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.41. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the business posted $2.81 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Sell-side analysts forecast that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Wednesday, November 13th. AerCap’s dividend payout ratio is presently 7.92%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price target on shares of AerCap in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $112.00.

About AerCap

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.