Miracle Mile Advisors LLC Acquires Shares of 7,763 AerCap Holdings (NYSE:AER)

Miracle Mile Advisors LLC purchased a new stake in shares of AerCap Holdings (NYSE:AER - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,763 shares of the financial services provider's stock, valued at approximately $743,000.

Several other large investors have also recently added to or reduced their stakes in AER. Eagle Bay Advisors LLC raised its stake in shares of AerCap by 1,148.5% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider's stock valued at $121,000 after buying an additional 1,160 shares in the last quarter. Fiduciary Alliance LLC bought a new stake in AerCap in the fourth quarter valued at about $2,007,000. Fortitude Family Office LLC acquired a new position in AerCap in the fourth quarter worth about $38,000. Nordea Investment Management AB lifted its stake in AerCap by 5.3% during the fourth quarter. Nordea Investment Management AB now owns 19,609 shares of the financial services provider's stock worth $1,899,000 after purchasing an additional 979 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in AerCap by 59.3% during the third 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 in the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AER shares. The Goldman Sachs Group reissued a "buy" rating and issued a $119.00 target price on shares of AerCap in a report on Thursday, November 21st. 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 note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $112.00.

AerCap Price Performance

Shares of AER traded down $0.97 on Thursday, hitting $95.78. The company's stock had a trading volume of 733,416 shares, compared to its average volume of 853,552. The company has a 50 day moving average price of $96.16 and a 200 day moving average price of $94.93. AerCap Holdings has a fifty-two week low of $72.80 and a fifty-two week high of $100.81. The company has a market capitalization of $18.96 billion, a PE ratio of 7.59, a PEG ratio of 2.05 and a beta of 1.82. 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 posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, hitting analysts' consensus estimates of $2.41. AerCap had a return on equity of 13.98% and a net margin of 32.38%. 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 earned $2.81 earnings per share. The business's revenue was up 3.0% on a year-over-year basis. On average, research analysts anticipate that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Wednesday, November 13th. AerCap's payout ratio 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.