Confluence Investment Management LLC Purchases Shares of 11,308 AerCap Holdings (NYSE:AER)

Confluence Investment Management LLC acquired a new position in AerCap Holdings (NYSE:AER) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,308 shares of the financial services provider’s stock, valued at approximately $983,000.

Other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of AerCap by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 195,113 shares of the financial services provider’s stock worth $12,228,000 after purchasing an additional 3,732 shares during the period. HighTower Advisors LLC lifted its holdings in AerCap by 35.1% in the third quarter. HighTower Advisors LLC now owns 8,945 shares of the financial services provider’s stock valued at $559,000 after buying an additional 2,325 shares during the period. Rhumbline Advisers boosted its position in AerCap by 10.3% during the third quarter. Rhumbline Advisers now owns 42,981 shares of the financial services provider’s stock valued at $2,694,000 after acquiring an additional 4,029 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in AerCap by 54.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 177,220 shares of the financial services provider’s stock worth $11,106,000 after acquiring an additional 62,210 shares during the period. Finally, Prudential PLC raised its position in shares of AerCap by 5.6% in the 3rd quarter. Prudential PLC now owns 12,082 shares of the financial services provider’s stock worth $757,000 after acquiring an additional 645 shares in the last quarter. 96.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AER shares. Susquehanna lifted their target price on AerCap from $90.00 to $100.00 and gave the stock a “positive” rating in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of AerCap from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Barclays boosted their price objective on AerCap from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. TD Cowen raised their price target on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Finally, Morgan Stanley assumed coverage on AerCap in a research note on Friday, June 7th. They issued an “equal weight” rating and a $103.00 price objective for the company. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $97.56.

AerCap Price Performance

NYSE:AER traded up $0.78 during trading hours on Tuesday, hitting $91.61. 671,732 shares of the company’s stock traded hands, compared to its average volume of 1,550,442. AerCap Holdings has a 52 week low of $57.30 and a 52 week high of $94.30. The business’s fifty day simple moving average is $88.70 and its two-hundred day simple moving average is $81.58. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 2.70. The firm has a market cap of $18.13 billion, a P/E ratio of 5.91, a P/E/G ratio of 3.97 and a beta of 1.85.

AerCap (NYSE:AER) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $3.29 EPS for the quarter, topping the consensus estimate of $2.31 by $0.98. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.95 billion. AerCap had a return on equity of 15.29% and a net margin of 42.78%. AerCap’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.34 earnings per share. On average, research analysts anticipate that AerCap Holdings will post 10.24 earnings per share for the current fiscal year.

AerCap Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Wednesday, May 22nd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.09%. The ex-dividend date was Tuesday, May 21st. AerCap’s dividend payout ratio is currently 6.51%.

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.