Glenmede Trust Co. NA Buys 8,805 Shares of AerCap Holdings (NYSE:AER)

Glenmede Trust Co. NA increased its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 14.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,592 shares of the financial services provider's stock after buying an additional 8,805 shares during the period. Glenmede Trust Co. NA's holdings in AerCap were worth $6,686,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its position in shares of AerCap by 31.1% in the 1st quarter. Janus Henderson Group PLC now owns 142,539 shares of the financial services provider's stock valued at $12,382,000 after buying an additional 33,852 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in AerCap during the 1st quarter worth approximately $304,000. Swedbank AB bought a new position in AerCap during the 1st quarter worth approximately $7,414,000. Atria Investments Inc bought a new position in AerCap during the 1st quarter worth approximately $1,187,000. Finally, Confluence Investment Management LLC boosted its stake in shares of AerCap by 3.7% in the 2nd quarter. Confluence Investment Management LLC now owns 11,726 shares of the financial services provider's stock valued at $1,093,000 after purchasing an additional 418 shares during the last quarter. 96.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AER. Susquehanna boosted their target price on shares of AerCap from $100.00 to $108.00 and gave the company a "positive" rating in a report on Friday, August 2nd. The Goldman Sachs Group reissued a "buy" rating and issued a $119.00 price objective on shares of AerCap in a research report on Thursday, November 21st. Barclays upped their target price on AerCap from $111.00 to $113.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on AerCap from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, AerCap presently has an average rating of "Moderate Buy" and an average price target of $112.00.

AerCap Stock Up 0.3 %

Shares of AER traded up $0.27 during trading hours on Friday, hitting $99.36. The stock had a trading volume of 481,840 shares, compared to its average volume of 1,426,626. AerCap Holdings has a 1-year low of $66.72 and a 1-year high of $100.81. The firm has a market capitalization of $19.67 billion, a P/E ratio of 7.87, a price-to-earnings-growth ratio of 2.23 and a beta of 1.83. The firm has a 50 day simple moving average of $96.01 and a 200-day simple moving average of $94.05. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67.

AerCap (NYSE:AER - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 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 during the quarter, compared to analysts' expectations of $1.92 billion. During the same quarter last year, the firm posted $2.81 earnings per share. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. Sell-side analysts predict that AerCap Holdings will post 11.26 EPS for the current fiscal year.

AerCap Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. AerCap's dividend payout ratio (DPR) is presently 7.92%.

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.