Diversify Wealth Management LLC Acquires Shares of 12,209 Aercap Holdings N.V. $AER

Diversify Wealth Management LLC acquired a new stake in shares of Aercap Holdings N.V. (NYSE:AER) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,209 shares of the financial services provider’s stock, valued at approximately $1,686,000.

Several other large investors have also recently made changes to their positions in the company. Arkadios Wealth Advisors lifted its position in shares of Aercap by 2.7% in the fourth quarter. Arkadios Wealth Advisors now owns 2,525 shares of the financial services provider’s stock worth $363,000 after buying an additional 67 shares in the last quarter. Wedmont Private Capital grew its holdings in Aercap by 3.9% during the 4th quarter. Wedmont Private Capital now owns 1,979 shares of the financial services provider’s stock valued at $290,000 after buying an additional 74 shares in the last quarter. Argentarii LLC increased its stake in Aercap by 2.8% in the 4th quarter. Argentarii LLC now owns 2,793 shares of the financial services provider’s stock worth $402,000 after acquiring an additional 77 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Aercap by 26.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 94 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Aercap by 36.5% during the 4th quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 96 shares in the last quarter. 96.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AER. Barclays increased their target price on Aercap from $164.00 to $179.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Truist Financial boosted their price target on shares of Aercap from $161.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Susquehanna upped their price target on shares of Aercap from $170.00 to $176.00 and gave the company a “positive” rating in a research note on Tuesday, July 7th. Weiss Ratings upgraded shares of Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, July 8th. Finally, Zacks Research cut shares of Aercap from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $167.50.

Aercap Price Performance

Shares of Aercap stock opened at $146.91 on Wednesday. The stock has a market cap of $24.52 billion, a price-to-earnings ratio of 6.44, a price-to-earnings-growth ratio of 1.04 and a beta of 0.94. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a 50 day moving average price of $143.24 and a 200-day moving average price of $143.08. Aercap Holdings N.V. has a one year low of $105.65 and a one year high of $155.99.

Aercap (NYSE:AER) last released its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%.The firm had revenue of $2.30 billion for the quarter. Equities analysts expect that Aercap Holdings N.V. will post 17.34 EPS for the current year.

Aercap Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, May 13th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Aercap’s payout ratio is 7.01%.

Aercap announced that its board has initiated a stock buyback program on Wednesday, April 29th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

About Aercap

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.