Lmcg Investments LLC Sells 21,314 Shares of AerCap Holdings (NYSE:AER)

Lmcg Investments LLC lessened its stake in shares of AerCap Holdings (NYSE:AER) by 48.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 22,889 shares of the financial services provider’s stock after selling 21,314 shares during the period. Lmcg Investments LLC’s holdings in AerCap were worth $2,168,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Americana Partners LLC raised its holdings in AerCap by 29.3% during the third quarter. Americana Partners LLC now owns 14,710 shares of the financial services provider’s stock worth $1,393,000 after acquiring an additional 3,336 shares in the last quarter. Donald Smith & CO. Inc. raised its holdings in AerCap by 0.7% during the third quarter. Donald Smith & CO. Inc. now owns 3,525,307 shares of the financial services provider’s stock worth $333,917,000 after acquiring an additional 23,994 shares in the last quarter. Tower View Wealth Management LLC acquired a new position in AerCap during the third quarter worth approximately $1,711,000. Wealth Enhancement Advisory Services LLC increased its position in AerCap by 161.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 20,786 shares of the financial services provider’s stock worth $1,969,000 after buying an additional 12,822 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in AerCap during the third quarter worth approximately $271,000. Institutional investors own 96.42% of the company’s stock.

AerCap Stock Performance

Shares of AerCap stock traded up $0.76 on Friday, hitting $94.31. The stock had a trading volume of 1,264,168 shares, compared to its average volume of 1,454,371. AerCap Holdings has a twelve month low of $63.20 and a twelve month high of $99.30. The business’s 50 day moving average is $94.80 and its two-hundred day moving average is $92.58. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 2.69. The stock has a market cap of $18.67 billion, a price-to-earnings ratio of 7.48, a price-to-earnings-growth ratio of 2.23 and a beta of 1.83.

AerCap (NYSE:AER) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.41. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.92 billion. AerCap had a return on equity of 13.96% and a net margin of 32.38%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.81 earnings per share. Analysts forecast that AerCap Holdings will post 10.7 EPS for the current year.

AerCap Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap’s dividend payout ratio (DPR) is currently 7.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their price target on AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Susquehanna boosted their price target on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research report on Friday, August 2nd. TD Cowen reissued a “buy” rating and set a $125.00 price target on shares of AerCap in a research report on Monday, July 29th. Finally, Barclays boosted their price target on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.83.

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.