Miracle Mile Advisors LLC Acquires New Position in AerCap Holdings (NYSE:AER)

Miracle Mile Advisors LLC bought a new position in shares of AerCap Holdings (NYSE:AERFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,763 shares of the financial services provider’s stock, valued at approximately $743,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its stake in shares of AerCap by 209.1% in the 2nd quarter. Federated Hermes Inc. now owns 1,567 shares of the financial services provider’s stock valued at $146,000 after buying an additional 1,060 shares during the period. Envestnet Asset Management Inc. raised its holdings in AerCap by 23.2% in the second quarter. Envestnet Asset Management Inc. now owns 411,574 shares of the financial services provider’s stock valued at $38,359,000 after acquiring an additional 77,403 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in AerCap in the second quarter worth approximately $1,990,000. Argent Trust Co grew its holdings in AerCap by 6.0% during the 2nd quarter. Argent Trust Co now owns 5,002 shares of the financial services provider’s stock worth $466,000 after acquiring an additional 285 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of AerCap by 48.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 9,007 shares of the financial services provider’s stock valued at $839,000 after purchasing an additional 2,950 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Stock Performance

Shares of AER stock opened at $96.90 on Thursday. The stock’s 50-day moving average is $96.19 and its two-hundred day moving average is $94.93. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. AerCap Holdings has a 1 year low of $72.80 and a 1 year high of $100.81. The firm has a market cap of $19.18 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 2.17 and a beta of 1.82.

AerCap (NYSE:AERGet Free Report) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.41. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the business posted $2.81 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. Analysts predict that AerCap Holdings will post 11.26 earnings per share for the current year.

AerCap Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on AER. The Goldman Sachs Group reiterated a “buy” rating and set a $119.00 target price on shares of AerCap in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft increased their price objective on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $112.00.

Check Out Our Latest Stock Analysis on AER

AerCap Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AerCap (NYSE:AER)

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