AerCap (NYSE:AER) Shares Gap Down – Time to Sell?

Shares of AerCap Holdings (NYSE:AER) gapped down before the market opened 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.

Analyst Ratings Changes

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

AerCap Stock Down 0.3 %

The stock’s 50 day moving average is $94.83 and its 200 day moving average is $92.49. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $18.52 billion, a PE ratio of 6.09, a PEG ratio of 2.13 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 EPS for the quarter, hitting analysts’ consensus estimates of $2.41. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. AerCap had a net margin of 42.02% and a return on equity of 15.12%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.81 EPS. On average, sell-side analysts anticipate that AerCap Holdings will post 11.33 EPS for the current fiscal year.

AerCap Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap’s dividend payout ratio (DPR) is presently 6.51%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AER. Wealth Enhancement Advisory Services LLC raised its holdings in AerCap by 2.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,051 shares of the financial services provider’s stock worth $1,916,000 after purchasing an additional 618 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in AerCap by 177.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 8,137 shares of the financial services provider’s stock worth $707,000 after acquiring an additional 5,203 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of AerCap by 12.0% during the 1st quarter. Private Advisor Group LLC now owns 5,172 shares of the financial services provider’s stock valued at $449,000 after purchasing an additional 555 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of AerCap by 5.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 6,790 shares of the financial services provider’s stock worth $590,000 after purchasing an additional 334 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of AerCap by 29.1% during the 1st quarter. BNP Paribas Financial Markets now owns 138,746 shares of the financial services provider’s stock worth $12,058,000 after acquiring an additional 31,305 shares during the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.

About AerCap

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.