Wedge Capital Management L L P NC Sells 33,119 Shares of AerCap Holdings (NYSE:AER)

Wedge Capital Management L L P NC lowered its stake in shares of AerCap Holdings (NYSE:AER) by 7.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 394,637 shares of the financial services provider’s stock after selling 33,119 shares during the quarter. Wedge Capital Management L L P NC’s holdings in AerCap were worth $37,767,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AER. Truvestments Capital LLC bought a new position in AerCap in the third quarter worth approximately $35,000. Fortitude Family Office LLC bought a new position in shares of AerCap in the 4th quarter worth $38,000. UMB Bank n.a. grew its position in AerCap by 35.5% in the 3rd quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 174 shares during the period. Transamerica Financial Advisors Inc. bought a new stake in AerCap during the 3rd quarter valued at $64,000. Finally, Quantbot Technologies LP acquired a new position in AerCap during the third quarter worth $66,000. Institutional investors own 96.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of 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 restated a “buy” rating and issued a $119.00 target price on shares of AerCap in a report on Thursday, November 21st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $112.00.

AerCap Stock Performance

Shares of AER opened at $95.93 on Friday. The stock has a 50 day moving average of $96.12 and a 200 day moving average of $94.96. The company has a market capitalization of $18.99 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 2.05 and a beta of 1.82. AerCap Holdings has a 12 month low of $73.78 and a 12 month high of $100.81. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89.

AerCap (NYSE:AER) last released its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, hitting analysts’ consensus estimates of $2.41. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.92 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business’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 business posted $2.81 EPS. As a group, sell-side analysts forecast that AerCap Holdings will post 11.26 earnings per share for the current year.

AerCap Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Wednesday, November 13th were issued a $0.25 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.04%. 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.