AerCap Holdings (NYSE:AER) Shares Bought by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. raised its stake in shares of AerCap Holdings (NYSE:AER) by 59.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,875 shares of the financial services provider’s stock after acquiring an additional 6,654 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in AerCap were worth $1,686,000 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. DGS Capital Management LLC increased its holdings in AerCap by 39.0% in the 3rd quarter. DGS Capital Management LLC now owns 11,252 shares of the financial services provider’s stock valued at $1,066,000 after purchasing an additional 3,159 shares during the last quarter. Franklin Resources Inc. lifted its stake in AerCap by 5.3% during the third quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider’s stock worth $545,726,000 after purchasing an additional 282,980 shares in the last quarter. Synovus Financial Corp purchased a new position in shares of AerCap during the third quarter worth $3,141,000. Tidal Investments LLC grew its stake in shares of AerCap by 271.8% in the third quarter. Tidal Investments LLC now owns 8,496 shares of the financial services provider’s stock valued at $805,000 after buying an additional 6,211 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of AerCap in the 3rd quarter valued at $2,261,000. 96.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AER shares. Deutsche Bank Aktiengesellschaft raised 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. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price objective on shares of AerCap in a report on Thursday, November 21st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

AerCap Stock Performance

Shares of AER opened at $97.30 on Tuesday. AerCap Holdings has a 1 year low of $70.48 and a 1 year high of $100.81. The stock has a market capitalization of $19.26 billion, a PE ratio of 7.71, a PEG ratio of 2.17 and a beta of 1.82. 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 $96.45 and a 200-day simple moving average of $94.47.

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

AerCap Dividend Announcement

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

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.