Sanctuary Advisors LLC Invests $1.49 Million in AerCap Holdings (NYSE:AER)

Sanctuary Advisors LLC bought a new stake in AerCap Holdings (NYSE:AER) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,472 shares of the financial services provider’s stock, valued at approximately $1,494,000.

Several other large investors have also recently bought and sold shares of the stock. Gordian Capital Singapore Pte Ltd increased its stake in AerCap by 33.3% during the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 2,000 shares of the financial services provider’s stock valued at $186,000 after buying an additional 500 shares during the period. Cetera Investment Advisers increased its stake in AerCap by 2.6% during the 2nd quarter. Cetera Investment Advisers now owns 17,806 shares of the financial services provider’s stock valued at $1,660,000 after buying an additional 452 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in AerCap by 220.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 11,221 shares of the financial services provider’s stock valued at $1,046,000 after buying an additional 7,719 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in AerCap by 32.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,694 shares of the financial services provider’s stock valued at $251,000 after buying an additional 662 shares during the period. Finally, NewEdge Advisors LLC increased its stake in AerCap by 35.8% during the 2nd quarter. NewEdge Advisors LLC now owns 23,603 shares of the financial services provider’s stock valued at $2,200,000 after buying an additional 6,228 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Stock Performance

AerCap stock opened at $95.20 on Thursday. The firm’s 50 day simple moving average is $93.52 and its 200-day simple moving average is $91.44. The company has a market cap of $18.84 billion, a P/E ratio of 6.19, a price-to-earnings-growth ratio of 2.16 and a beta of 1.83. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.29 and a quick ratio of 0.29. AerCap Holdings has a fifty-two week low of $57.84 and a fifty-two week high of $98.79.

AerCap (NYSE:AER) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $3.01 EPS for the quarter, topping the consensus estimate of $2.41 by $0.60. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.89 billion. AerCap had a net margin of 42.02% and a return on equity of 15.12%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company posted $2.56 earnings per share. As a group, equities research analysts predict that AerCap Holdings will post 11.33 EPS for the current year.

AerCap Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Wednesday, August 14th. AerCap’s dividend payout ratio (DPR) is presently 6.51%.

Analysts Set New Price Targets

AER has been the topic of several recent research reports. Barclays lifted their price objective 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. TD Cowen reaffirmed a “buy” rating and issued a $125.00 price objective on shares of AerCap in a research note on Monday, July 29th. Finally, Susquehanna lifted their price objective on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.