Cerity Partners LLC Has $8.59 Million Stake in AerCap Holdings (NYSE:AER)

Cerity Partners LLC lessened its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 39.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,683 shares of the financial services provider's stock after selling 58,540 shares during the quarter. Cerity Partners LLC's holdings in AerCap were worth $8,593,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. boosted its stake in shares of AerCap by 59.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider's stock valued at $1,686,000 after purchasing an additional 6,654 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in AerCap by 1.0% in the fourth 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 buying an additional 4,222 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in AerCap by 11.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 18,664 shares of the financial services provider's stock valued at $1,786,000 after acquiring an additional 1,900 shares during the last quarter. Franklin Resources Inc. grew its holdings in AerCap by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider's stock worth $545,726,000 after acquiring an additional 282,980 shares during the period. Finally, Barclays PLC grew its holdings in AerCap by 95.5% during the 3rd quarter. Barclays PLC now owns 91,707 shares of the financial services provider's stock worth $8,687,000 after acquiring an additional 44,797 shares during the period. Institutional investors own 96.42% of the company's stock.

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Analysts Set New Price Targets

AER has been the topic of several recent research reports. UBS Group lowered AerCap to an "underperform" rating in a research report on Friday, March 7th. Susquehanna raised their target price on AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a report on Thursday, February 27th. Bank of America upped their price target on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Morgan Stanley reduced their price objective on shares of AerCap from $112.00 to $101.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Finally, Barclays reaffirmed an "overweight" rating and issued a $115.00 target price (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, AerCap has an average rating of "Moderate Buy" and a consensus target price of $117.14.

AerCap Stock Down 0.5 %

NYSE AER traded down $0.51 during trading hours on Wednesday, reaching $96.21. 1,454,553 shares of the company's stock were exchanged, compared to its average volume of 1,584,253. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $17.97 billion, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of 2.22 and a beta of 1.46. The company's 50-day moving average is $99.44 and its two-hundred day moving average is $97.10. AerCap Holdings has a one year low of $82.21 and a one year high of $107.36.

AerCap (NYSE:AER - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.75. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.97 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. On average, analysts forecast that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.12%. This is a positive change from AerCap's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, March 12th. AerCap's payout ratio is 9.99%.

AerCap announced that its Board of Directors has initiated a share buyback plan on Wednesday, February 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

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.