Zurcher Kantonalbank Zurich Cantonalbank Sells 6,587 Shares of Aercap Holdings N.V. $AER

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in Aercap Holdings N.V. (NYSE:AER) by 4.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 144,356 shares of the financial services provider’s stock after selling 6,587 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Aercap were worth $20,753,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Krilogy Financial LLC bought a new stake in Aercap in the fourth quarter valued at approximately $572,000. Ninety One UK Ltd raised its stake in Aercap by 1.1% in the fourth quarter. Ninety One UK Ltd now owns 2,804,003 shares of the financial services provider’s stock valued at $403,103,000 after buying an additional 31,794 shares during the period. Ninety One North America Inc. bought a new stake in Aercap in the fourth quarter valued at approximately $5,110,000. Ninety One SA Pty Ltd bought a new stake in Aercap in the fourth quarter valued at approximately $544,000. Finally, PDS Planning Inc bought a new stake in Aercap in the fourth quarter valued at approximately $210,000. Institutional investors own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AER shares. Barclays upped their target price on Aercap from $144.00 to $162.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Zacks Research downgraded Aercap from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Morgan Stanley upped their target price on Aercap from $150.00 to $160.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft set a $175.00 target price on Aercap and gave the company a “buy” rating in a research report on Tuesday, February 10th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Aercap in a research report on Monday, March 16th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Aercap presently has an average rating of “Moderate Buy” and a consensus price target of $153.38.

Aercap Price Performance

Aercap stock opened at $140.53 on Wednesday. The company has a market capitalization of $23.45 billion, a price-to-earnings ratio of 6.59, a PEG ratio of 1.29 and a beta of 0.99. Aercap Holdings N.V. has a 12 month low of $95.04 and a 12 month high of $154.94. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 2.38. The stock’s 50 day moving average is $142.81 and its 200-day moving average is $138.73.

Aercap (NYSE:AER) last issued its quarterly earnings results on Saturday, February 7th. The financial services provider reported $3.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.64. The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.07 billion. Aercap had a return on equity of 15.11% and a net margin of 44.04%.The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.31 earnings per share. Equities research analysts expect that Aercap Holdings N.V. will post 15.4 EPS for the current year.

Aercap Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Wednesday, February 25th were given a dividend of $0.40 per share. This is an increase from Aercap’s previous quarterly dividend of $0.27. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, February 25th. Aercap’s dividend payout ratio (DPR) is currently 7.50%.

Aercap Company Profile

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.