Aercap Holdings N.V. $AER Holdings Cut by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lowered its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 24.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 234,204 shares of the financial services provider’s stock after selling 77,799 shares during the period. Wedge Capital Management L L P NC owned about 0.13% of Aercap worth $33,669,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Exchange Traded Concepts LLC acquired a new stake in Aercap during the fourth quarter valued at $1,316,000. Net Worth Advisory Group increased its position in Aercap by 13.4% in the 4th quarter. Net Worth Advisory Group now owns 10,287 shares of the financial services provider’s stock worth $1,479,000 after purchasing an additional 1,213 shares during the last quarter. Dakota Wealth Management raised its stake in shares of Aercap by 2.3% during the 4th quarter. Dakota Wealth Management now owns 10,453 shares of the financial services provider’s stock worth $1,503,000 after purchasing an additional 234 shares in the last quarter. Argentarii LLC raised its stake in shares of Aercap by 2.8% during the 4th quarter. Argentarii LLC now owns 2,793 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 77 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of Aercap during the 4th quarter valued at about $281,000. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AER has been the topic of a number of research reports. Truist Financial began coverage on Aercap in a report on Tuesday, December 9th. They issued a “buy” rating and a $159.00 price objective on the stock. Deutsche Bank Aktiengesellschaft set a $175.00 target price on shares of Aercap and gave the company a “buy” rating in a research note on Tuesday, February 10th. Weiss Ratings restated a “buy (b+)” rating on shares of Aercap in a research note on Wednesday, January 21st. TD Cowen restated a “buy” rating on shares of Aercap in a report on Monday, March 16th. Finally, Zacks Research lowered shares of Aercap from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $153.38.

Aercap Stock Down 0.5%

Shares of AER stock opened at $133.43 on Friday. The stock’s 50 day simple moving average is $143.06 and its 200 day simple moving average is $136.04. Aercap Holdings N.V. has a twelve month low of $85.57 and a twelve month high of $154.94. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market capitalization of $22.27 billion, a price-to-earnings ratio of 6.25, a PEG ratio of 1.18 and a beta of 1.01.

Aercap (NYSE:AER) last announced its earnings results on Saturday, February 7th. The financial services provider reported $3.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.64. Aercap had a return on equity of 15.11% and a net margin of 44.04%.The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the prior year, the business earned $3.31 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. As a group, research analysts predict that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Wednesday, February 25th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Wednesday, February 25th. This is a boost from Aercap’s previous quarterly dividend of $0.27. Aercap’s dividend payout ratio (DPR) is 7.50%.

Aercap Profile

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.