Truvestments Capital LLC Takes $35,000 Position in AerCap Holdings (NYSE:AER)

Truvestments Capital LLC bought a new position in shares of AerCap Holdings (NYSE:AER) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 373 shares of the financial services provider’s stock, valued at approximately $35,000.

A number of other large investors have also recently bought and sold shares of AER. First Horizon Advisors Inc. boosted its holdings in shares of AerCap by 15.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 108 shares during the last quarter. Dupree Financial Group LLC grew 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 during the period. Sequoia Financial Advisors LLC grew 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 during the period. Blue Trust Inc. raised its stake in shares of AerCap by 89.9% during the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after buying an additional 134 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of 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 buying an additional 146 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Trading Down 1.2 %

Shares of AerCap stock opened at $99.09 on Thursday. AerCap Holdings has a twelve month low of $66.34 and a twelve month high of $100.81. The firm’s 50-day moving average price is $95.85 and its 200 day moving average price is $93.92. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $19.61 billion, a PE ratio of 7.85, a P/E/G ratio of 2.25 and a beta of 1.83.

AerCap (NYSE:AER) last released its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.41. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.81 earnings per share. On average, sell-side analysts predict that AerCap Holdings will post 11.26 EPS for the current fiscal year.

AerCap Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Wednesday, November 13th. AerCap’s dividend payout ratio is currently 7.92%.

Analysts Set New Price Targets

Several research firms recently commented on AER. Barclays lifted their price target on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 target price on shares of AerCap in a report on Thursday, November 21st. Susquehanna increased their price target on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.