Cerity Partners LLC Acquires 89,680 Shares of AerCap Holdings (NYSE:AER)

Cerity Partners LLC raised its holdings in AerCap Holdings (NYSE:AER - Free Report) by 150.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 149,223 shares of the financial services provider's stock after purchasing an additional 89,680 shares during the period. Cerity Partners LLC owned approximately 0.08% of AerCap worth $14,134,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its position in AerCap by 15.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider's stock worth $77,000 after purchasing an additional 108 shares in the last quarter. Dupree Financial Group LLC increased its position in AerCap by 0.4% during the 3rd quarter. Dupree Financial Group LLC now owns 28,395 shares of the financial services provider's stock worth $2,690,000 after purchasing an additional 121 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in AerCap by 1.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,919 shares of the financial services provider's stock worth $645,000 after purchasing an additional 129 shares in the last quarter. Blue Trust Inc. increased its position in AerCap by 89.9% in the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 134 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its position in AerCap by 3.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 4,935 shares of the financial services provider's stock valued at $460,000 after acquiring an additional 146 shares during the period. Institutional investors own 96.42% of the company's stock.

AerCap Stock Up 0.4 %

Shares of AerCap stock traded up $0.36 during trading hours on Tuesday, reaching $100.05. The company's stock had a trading volume of 497,715 shares, compared to its average volume of 1,430,992. AerCap Holdings has a one year low of $66.34 and a one year high of $100.81. The company has a market capitalization of $19.80 billion, a P/E ratio of 7.95, a P/E/G ratio of 2.21 and a beta of 1.83. The stock's fifty day simple moving average is $95.74 and its two-hundred day simple moving average is $93.85. 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 (NYSE:AER - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the firm posted $2.81 earnings per share. The company's quarterly revenue was up 3.0% compared to the same quarter last year. On average, research analysts forecast that AerCap Holdings will post 11.26 earnings per share for the current year.

AerCap Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.00 annualized dividend and a yield of 1.00%. AerCap's dividend payout ratio is currently 7.92%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of AerCap from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Susquehanna upped their price objective on shares of AerCap from $100.00 to $108.00 and gave the company a "positive" rating in a research note on Friday, August 2nd. Barclays upped their price objective on shares of AerCap from $111.00 to $113.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $119.00 price objective on shares of AerCap in a research note on Thursday, November 21st. Finally, TD Cowen reissued a "buy" rating and set a $125.00 target price on shares of AerCap in a research note on Monday, July 29th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $112.00.

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.