Net Worth Advisory Group Acquires New Position in AerCap Holdings (NYSE:AER)

Net Worth Advisory Group purchased a new position in shares of AerCap Holdings (NYSE:AER - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,026 shares of the financial services provider's stock, valued at approximately $950,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in AerCap by 2.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,077 shares of the financial services provider's stock valued at $1,807,000 after purchasing an additional 451 shares during the period. Global Retirement Partners LLC increased its stake in AerCap by 87.9% in the third quarter. Global Retirement Partners LLC now owns 5,058 shares of the financial services provider's stock valued at $479,000 after purchasing an additional 2,366 shares during the period. Transform Wealth LLC increased its stake in AerCap by 63.8% in the third quarter. Transform Wealth LLC now owns 112,589 shares of the financial services provider's stock valued at $10,664,000 after purchasing an additional 43,849 shares during the period. Creative Planning increased its stake in AerCap by 10.3% in the third quarter. Creative Planning now owns 26,049 shares of the financial services provider's stock valued at $2,467,000 after purchasing an additional 2,435 shares during the period. Finally, Wedge Capital Management L L P NC increased its stake in AerCap by 3,568.6% in the third quarter. Wedge Capital Management L L P NC now owns 427,756 shares of the financial services provider's stock valued at $40,517,000 after purchasing an additional 416,096 shares during the period. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AER shares. Susquehanna boosted their price target on shares of AerCap from $100.00 to $108.00 and gave the stock a "positive" rating in a research note on Friday, August 2nd. TD Cowen reiterated a "buy" rating and set a $125.00 price target on shares of AerCap in a research note on Monday, July 29th. Finally, Barclays boosted their price target on shares of AerCap from $111.00 to $113.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $105.71.

AerCap Price Performance

AER stock traded down $0.48 during trading on Friday, reaching $97.49. 844,782 shares of the company were exchanged, compared to its average volume of 1,472,524. The company has a market cap of $19.30 billion, a P/E ratio of 6.35, a PEG ratio of 2.13 and a beta of 1.83. AerCap Holdings has a 52-week low of $57.84 and a 52-week high of $99.30. The stock's 50 day moving average price is $94.52 and its 200 day moving average price is $91.89. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.29 and a current ratio of 0.29.

AerCap (NYSE:AER - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $3.01 EPS for the quarter, topping analysts' consensus estimates of $2.41 by $0.60. AerCap had a net margin of 42.02% and a return on equity of 15.12%. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the firm earned $2.56 earnings per share. The firm's revenue was up 1.8% on a year-over-year basis. As a group, analysts predict that AerCap Holdings will post 11.33 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Wednesday, August 14th. AerCap's dividend payout ratio (DPR) is presently 6.51%.

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.