Pekin Hardy Strauss Inc. Has $8.21 Million Stock Holdings in AerCap Holdings (NYSE:AER)

Pekin Hardy Strauss Inc. cut its stake in shares of AerCap Holdings (NYSE:AER) by 14.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 88,075 shares of the financial services provider’s stock after selling 14,385 shares during the quarter. AerCap accounts for 1.1% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 19th biggest position. Pekin Hardy Strauss Inc.’s holdings in AerCap were worth $8,209,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in AerCap by 89.9% during the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 134 shares during the last quarter. Trust Co. of Vermont acquired a new position in AerCap during the fourth quarter valued at approximately $27,000. Mather Group LLC. boosted its position in AerCap by 230.1% during the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 214 shares during the last quarter. Assetmark Inc. acquired a new position in AerCap during the fourth quarter valued at approximately $42,000. Finally, CVA Family Office LLC acquired a new position in AerCap during the first quarter valued at approximately $52,000. 96.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AER has been the topic of several research analyst reports. Morgan Stanley initiated coverage on AerCap in a research note on Friday, June 7th. They issued an “equal weight” rating and a $103.00 price objective on the stock. Susquehanna upped their price objective on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Friday, August 2nd. Barclays increased their target price on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, TD Cowen restated a “buy” rating and set a $125.00 price objective on shares of AerCap in a research note on Monday, July 29th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $102.38.

AerCap Trading Up 0.1 %

Shares of AER stock opened at $93.93 on Tuesday. The stock’s fifty day moving average price is $93.41 and its two-hundred day moving average price is $89.94. The company has a market cap of $18.59 billion, a PE ratio of 6.11, a P/E/G ratio of 2.06 and a beta of 1.83. AerCap Holdings has a fifty-two week low of $57.30 and a fifty-two week high of $98.79. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.29 and a current ratio of 0.29.

AerCap (NYSE:AER) last issued its earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.60. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.89 billion. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.56 EPS. Equities analysts predict that AerCap Holdings will post 11.33 EPS for the current fiscal year.

AerCap Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th were issued 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 was Wednesday, August 14th. AerCap’s dividend payout ratio is presently 6.51%.

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.