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

Sanctuary Advisors LLC purchased a new stake in AerCap Holdings (NYSE:AER) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 17,472 shares of the financial services provider’s stock, valued at approximately $1,494,000.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. increased its position in AerCap by 89.9% during the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 134 shares during the period. Mather Group LLC. increased its holdings in 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 buying an additional 214 shares during the period. Trust Co. of Vermont bought a new stake in AerCap in the 4th quarter valued at $27,000. CVA Family Office LLC bought a new stake in AerCap in the 1st quarter valued at $52,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in AerCap in the 4th quarter valued at $104,000. Institutional investors own 96.42% of the company’s stock.

AerCap Stock Up 1.1 %

Shares of NYSE AER 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 price-to-earnings ratio of 6.19, a price-to-earnings-growth ratio of 2.16 and a beta of 1.83. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 2.69. AerCap Holdings has a 12-month low of $57.84 and a 12-month high of $98.79.

AerCap (NYSE:AER) last released its earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.60. AerCap had a net margin of 42.02% and a return on equity of 15.12%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the company posted $2.56 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. On average, research analysts expect that AerCap Holdings will post 11.33 earnings per share for the current fiscal year.

AerCap Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Susquehanna boosted their target price on shares of 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 issued a $125.00 target price on shares of AerCap in a research note on Monday, July 29th. Finally, Barclays boosted their target price 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 seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.38.

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.