Cetera Investment Advisers Has $1.66 Million Stock Position in AerCap Holdings (NYSE:AER)

Cetera Investment Advisers lifted its holdings in shares of AerCap Holdings (NYSE:AER) by 2.6% during the second quarter, Holdings Channel.com reports. The firm owned 17,806 shares of the financial services provider’s stock after acquiring an additional 452 shares during the quarter. Cetera Investment Advisers’ holdings in AerCap were worth $1,660,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of AerCap by 19.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,949 shares of the financial services provider’s stock valued at $9,643,000 after buying an additional 17,750 shares during the period. O Keefe Stevens Advisory Inc. bought a new position in AerCap during the first quarter worth $2,890,000. Janus Henderson Group PLC lifted its holdings in AerCap by 31.1% in the first quarter. Janus Henderson Group PLC now owns 142,539 shares of the financial services provider’s stock valued at $12,382,000 after buying an additional 33,852 shares during the period. Mizuho Markets Americas LLC lifted its holdings in AerCap by 15.8% in the first quarter. Mizuho Markets Americas LLC now owns 136,750 shares of the financial services provider’s stock valued at $11,885,000 after buying an additional 18,700 shares during the period. Finally, Confluence Investment Management LLC bought a new stake in AerCap during the first quarter valued at $983,000. Institutional investors own 96.42% of the company’s stock.

AerCap Stock Up 3.3 %

Shares of NYSE AER opened at $97.43 on Tuesday. The stock has a market capitalization of $19.28 billion, a P/E ratio of 6.34, a P/E/G ratio of 2.13 and a beta of 1.83. AerCap Holdings has a 1 year low of $57.84 and a 1 year high of $98.79. The company has a 50-day moving average price of $93.94 and a 200-day moving average price of $91.64. 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 (NYSE:AER) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.60. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the company posted $2.56 earnings per share. AerCap’s revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts forecast that AerCap Holdings will post 11.33 EPS for the current fiscal year.

AerCap Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. AerCap’s payout ratio is presently 6.51%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AER. Susquehanna boosted their price objective on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Friday, August 2nd. TD Cowen restated a “buy” rating and set a $125.00 price target on shares of AerCap in a report on Monday, July 29th. Finally, Barclays lifted their price objective on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $105.71.

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.