Meridian Wealth Management LLC Sells 5,000 Shares of AerCap Holdings (NYSE:AER)

Meridian Wealth Management LLC lowered its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 4.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 96,204 shares of the financial services provider's stock after selling 5,000 shares during the period. Meridian Wealth Management LLC's holdings in AerCap were worth $9,207,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of AER. B. Riley Wealth Advisors Inc. grew its stake in shares of AerCap by 59.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider's stock worth $1,686,000 after purchasing an additional 6,654 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in AerCap by 66.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 279,803 shares of the financial services provider's stock worth $26,503,000 after purchasing an additional 112,084 shares during the period. KBC Group NV lifted its holdings in AerCap by 18.7% in the third quarter. KBC Group NV now owns 350,888 shares of the financial services provider's stock worth $33,236,000 after purchasing an additional 55,213 shares during the period. Summit Global Investments bought a new position in AerCap in the 3rd quarter valued at about $667,000. Finally, Franklin Resources Inc. increased its stake 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 valued at $545,726,000 after buying an additional 282,980 shares during the period. Institutional investors and hedge funds own 96.42% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Susquehanna upped their price target on shares of AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a research note on Thursday, February 27th. The Goldman Sachs Group restated a "buy" rating and issued a $119.00 target price on shares of AerCap in a research report on Thursday, November 21st. Finally, Barclays reiterated an "overweight" rating and set a $115.00 price target (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $116.17.

AerCap Trading Down 0.7 %

Shares of AER traded down $0.76 during midday trading on Thursday, hitting $101.22. The stock had a trading volume of 1,808,356 shares, compared to its average volume of 1,348,580. The business has a 50-day simple moving average of $97.68 and a two-hundred day simple moving average of $96.23. The firm has a market cap of $18.91 billion, a P/E ratio of 8.02, a price-to-earnings-growth ratio of 2.22 and a beta of 1.81. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a fifty-two week low of $80.46 and a fifty-two week high of $107.36.

AerCap (NYSE:AER - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.75. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.97 billion. As a group, equities analysts forecast that AerCap Holdings will post 11.29 EPS for the current year.

AerCap Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This is an increase from AerCap's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.07%. AerCap's dividend payout ratio is 9.99%.

AerCap announced that its board has authorized a share buyback program on Wednesday, February 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 4.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

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.