Essex Savings Bank Sells 300 Shares of AerCap Holdings (NYSE:AER)

Essex Savings Bank lessened its holdings in shares of AerCap Holdings (NYSE:AER) by 8.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,335 shares of the financial services provider’s stock after selling 300 shares during the quarter. Essex Savings Bank’s holdings in AerCap were worth $319,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. boosted its holdings in shares of AerCap by 59.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider’s stock valued at $1,686,000 after buying an additional 6,654 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in AerCap by 2.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,077 shares of the financial services provider’s stock valued at $1,807,000 after acquiring an additional 451 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in AerCap by 66.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 279,803 shares of the financial services provider’s stock worth $26,503,000 after purchasing an additional 112,084 shares during the period. KBC Group NV increased its holdings in AerCap by 18.7% during the 3rd quarter. KBC Group NV now owns 350,888 shares of the financial services provider’s stock worth $33,236,000 after purchasing an additional 55,213 shares in the last quarter. Finally, Summit Global Investments acquired a new stake in shares of AerCap in the 3rd quarter valued at about $667,000. 96.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price objective on AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 price target on shares of AerCap in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $112.00.

AerCap Stock Performance

AER opened at $95.78 on Friday. The business’s 50-day simple moving average is $96.16 and its 200 day simple moving average is $94.93. AerCap Holdings has a 52-week low of $72.80 and a 52-week high of $100.81. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $18.96 billion, a PE ratio of 7.59, a PEG ratio of 2.05 and a beta of 1.82.

AerCap (NYSE:AER) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, meeting the consensus estimate of $2.41. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the firm posted $2.81 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, sell-side analysts expect that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Wednesday, November 13th. AerCap’s dividend payout ratio (DPR) is presently 7.92%.

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.