Pekin Hardy Strauss Inc. Sells 14,385 Shares of AerCap Holdings (NYSE:AER)

Pekin Hardy Strauss Inc. lowered its position in shares of AerCap Holdings (NYSE:AER) by 14.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,075 shares of the financial services provider’s stock after selling 14,385 shares during the quarter. AerCap makes up about 1.1% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 19th largest position. Pekin Hardy Strauss Inc.’s holdings in AerCap were worth $8,209,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in AerCap by 89.9% in the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 134 shares during the last quarter. Mather Group LLC. increased its holdings in AerCap by 230.1% in the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 214 shares during the last quarter. Trust Co. of Vermont bought a new stake in AerCap in the fourth quarter valued at about $27,000. Assetmark Inc. bought a new stake in AerCap in the fourth quarter valued at about $42,000. Finally, CVA Family Office LLC bought a new stake in AerCap in the first quarter valued at about $52,000. Institutional investors own 96.42% of the company’s stock.

AerCap Stock Up 0.1 %

AER stock opened at $93.93 on Tuesday. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market capitalization of $18.59 billion, a P/E ratio of 6.11, a P/E/G ratio of 2.06 and a beta of 1.83. The business has a 50-day moving average of $93.41 and a 200-day moving average of $89.94. AerCap Holdings has a fifty-two week low of $57.30 and a fifty-two week high of $98.79.

AerCap (NYSE:AER) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $3.01 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.60. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.89 billion. AerCap had a return on equity of 15.12% and a net margin of 42.02%. AerCap’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.56 earnings per share. On average, sell-side analysts anticipate that AerCap Holdings will post 11.33 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 14th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. AerCap’s dividend payout ratio is currently 6.51%.

Analyst Ratings Changes

A number of equities research analysts recently commented on AER shares. Susquehanna upped their price objective on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a report on Friday, August 2nd. Barclays upped their price objective on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Morgan Stanley initiated coverage on AerCap in a report on Friday, June 7th. They issued an “equal weight” rating and a $103.00 price target for the company. Finally, TD Cowen restated a “buy” rating and issued a $125.00 price target on shares of AerCap in a report on Monday, July 29th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $102.38.

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.