AerCap Holdings (NYSE:AER) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC cut its stake in shares of AerCap Holdings (NYSE:AER) by 4.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,259 shares of the financial services provider’s stock after selling 467 shares during the period. Confluence Investment Management LLC’s holdings in AerCap were worth $1,066,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Trust Inc. increased its holdings in AerCap by 89.9% in the 2nd 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. raised its holdings in shares of AerCap by 230.1% in the 2nd quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after buying an additional 214 shares during the period. UMB Bank n.a. lifted its stake in AerCap by 35.5% during the 3rd quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 174 shares in the last quarter. Federated Hermes Inc. boosted its holdings in AerCap by 209.1% during the 2nd quarter. Federated Hermes Inc. now owns 1,567 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 1,060 shares during the period. Finally, Headlands Technologies LLC acquired a new position in AerCap in the 1st quarter valued at about $185,000. 96.42% of the stock is owned by hedge funds and other institutional investors.

AerCap Trading Down 0.2 %

NYSE:AER opened at $97.52 on Friday. AerCap Holdings has a 1 year low of $65.34 and a 1 year high of $99.68. The stock has a market cap of $19.30 billion, a P/E ratio of 7.73, a P/E/G ratio of 2.12 and a beta of 1.83. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a 50-day simple moving average of $94.94 and a 200-day simple moving average of $93.04.

AerCap (NYSE:AER) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, meeting the consensus estimate of $2.41. The company had revenue of $1.95 billion for 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 firm’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.81 earnings per share. As a group, analysts anticipate that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.00 annualized dividend and a yield of 1.03%. AerCap’s dividend payout ratio is presently 7.92%.

Analysts Set New Price Targets

Several research analysts have recently commented on AER shares. Susquehanna raised their price objective on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Friday, August 2nd. 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. Deutsche Bank Aktiengesellschaft lifted their target price on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, TD Cowen restated a “buy” rating and set a $125.00 price target on shares of AerCap in a report on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $110.83.

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.