AerCap (NYSE:AER) Shares Gap Down – Here’s Why

AerCap Holdings (NYSE:AER)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $95.72, but opened at $89.11. AerCap shares last traded at $95.13, with a volume of 190,102 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Susquehanna lifted their price objective on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a report on Friday, August 2nd. TD Cowen reiterated a “buy” rating and issued a $125.00 price objective on shares of AerCap in a research report on Monday, July 29th. Barclays boosted their target price on shares of AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, AerCap currently has an average rating of “Moderate Buy” and a consensus target price of $106.43.

AerCap Stock Down 1.4 %

The company has a debt-to-equity ratio of 2.69, a current ratio of 0.29 and a quick ratio of 0.29. The firm’s 50-day moving average price is $94.85 and its 200 day moving average price is $92.48. The firm has a market capitalization of $18.67 billion, a price-to-earnings ratio of 6.14, a price-to-earnings-growth ratio of 2.13 and a beta of 1.83.

AerCap (NYSE:AER) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share 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 company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the business posted $2.56 earnings per share. AerCap’s revenue was up 1.8% compared to the same quarter last year. Sell-side analysts expect that AerCap Holdings will post 11.33 EPS for the current year.

AerCap Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, August 14th. AerCap’s dividend payout ratio is presently 6.51%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its stake in AerCap by 2.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,051 shares of the financial services provider’s stock worth $1,916,000 after buying an additional 618 shares during the last quarter. Wealthstar Advisors LLC boosted its holdings in shares of AerCap by 1.3% in the 1st quarter. Wealthstar Advisors LLC now owns 12,843 shares of the financial services provider’s stock valued at $1,116,000 after purchasing an additional 160 shares during the last quarter. Leeward Investments LLC MA grew its stake in shares of AerCap by 4.0% during the 1st quarter. Leeward Investments LLC MA now owns 232,649 shares of the financial services provider’s stock valued at $20,220,000 after buying an additional 8,935 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of AerCap by 177.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 8,137 shares of the financial services provider’s stock worth $707,000 after buying an additional 5,203 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in shares of AerCap by 12.0% in the 1st quarter. Private Advisor Group LLC now owns 5,172 shares of the financial services provider’s stock worth $449,000 after buying an additional 555 shares during the period. 96.42% of the stock is currently owned by institutional investors and hedge funds.

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.