Virtu Financial LLC Lowers Position in AerCap Holdings (NYSE:AER)

Virtu Financial LLC trimmed its position in shares of AerCap Holdings (NYSE:AER) by 8.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,656 shares of the financial services provider’s stock after selling 898 shares during the quarter. Virtu Financial LLC’s holdings in AerCap were worth $900,000 as of its most recent SEC filing.

Other large investors have 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 buying an additional 134 shares in the last quarter. Trust Co. of Vermont acquired a new stake in shares of AerCap during the 4th quarter valued at about $27,000. Mather Group LLC. increased its stake 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 purchasing an additional 214 shares in the last quarter. Assetmark Inc. acquired a new position in AerCap in the 4th quarter worth about $42,000. Finally, CVA Family Office LLC purchased a new position in AerCap during the first quarter worth approximately $52,000. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AER has been the subject of a number of recent analyst reports. Barclays boosted their price objective on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. TD Cowen reissued a “buy” rating and issued a $125.00 price target on shares of AerCap in a report on Monday, July 29th. Susquehanna upped their price objective on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley assumed coverage on shares of AerCap in a research report on Friday, June 7th. They issued an “equal weight” rating and a $103.00 target price on the stock. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.38.

AerCap Price Performance

AerCap stock opened at $94.12 on Thursday. The company has a fifty day simple moving average of $93.44 and a 200-day simple moving average of $90.21. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 2.69. The firm has a market capitalization of $18.63 billion, a price-to-earnings ratio of 6.12, a PEG ratio of 2.06 and a beta of 1.83. AerCap Holdings has a 52-week low of $57.30 and a 52-week high of $98.79.

AerCap (NYSE:AER) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, beating 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 net margin of 42.02% and a return on equity of 15.12%. AerCap’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.56 EPS. On average, equities analysts anticipate that AerCap Holdings will post 11.33 EPS for the current fiscal year.

AerCap Dividend Announcement

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

AerCap Company 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.