Sumitomo Mitsui Trust Group Inc. reduced its position in AerCap Holdings N.V. (NYSE:AER – Free Report) by 5.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 318,048 shares of the financial services provider’s stock after selling 19,077 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.19% of AerCap worth $45,646,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Donald Smith & CO. Inc. acquired a new position in shares of AerCap in the 2nd quarter worth approximately $424,585,000. Ninety One UK Ltd raised its position in AerCap by 12.0% in the 3rd quarter. Ninety One UK Ltd now owns 2,275,507 shares of the financial services provider’s stock worth $326,581,000 after purchasing an additional 243,488 shares during the last quarter. SEB Asset Management AB acquired a new stake in shares of AerCap during the first quarter worth $21,373,000. Sei Investments Co. increased its stake in AerCap by 23.2% during the 1st quarter. Sei Investments Co. now owns 769,611 shares of the financial services provider’s stock worth $105,575,000 after purchasing an additional 144,857 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of AerCap by 20.4% in the first quarter. Swiss National Bank now owns 579,800 shares of the financial services provider’s stock valued at $79,537,000 after purchasing an additional 98,200 shares in the last quarter. Institutional investors own 96.42% of the company’s stock.
AerCap Trading Up 2.1%
AER opened at $165.86 on Thursday. The stock’s fifty day moving average is $146.72 and its two-hundred day moving average is $144.91. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $27.68 billion, a P/E ratio of 8.50, a PEG ratio of 0.55 and a beta of 0.99. AerCap Holdings N.V. has a 52 week low of $129.85 and a 52 week high of $165.97.
AerCap (NYSE:AER – Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $6.56 earnings per share for the quarter, topping the consensus estimate of $4.56 by $2.00. AerCap had a return on equity of 18.26% and a net margin of 34.47%. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the company earned $4.97 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Analysts forecast that AerCap Holdings N.V. will post 22.14 earnings per share for the current year.
AerCap Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Wednesday, November 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. AerCap’s dividend payout ratio (DPR) is presently 8.20%.
Analyst Ratings Changes
A number of equities analysts have weighed in on AER shares. Weiss Ratings raised AerCap from a “buy (a-)” rating to a “buy (a)” rating in a research report on Friday, October 30th. Barclays boosted their target price on shares of AerCap from $179.00 to $181.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. Zacks Research upgraded shares of AerCap from a “hold” rating to a “strong-buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $190.00 price objective on shares of AerCap in a report on Thursday, July 30th. Finally, Morgan Stanley raised their price objective on shares of AerCap from $165.00 to $175.00 and gave the company an “equal weight” rating in a research note on Thursday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $185.88.
Get Our Latest Stock Report on AerCap
AerCap Company Profile
AerCap Holdings N.V. is a global aviation leasing company headquartered in Dublin, Ireland, and listed on the New York Stock Exchange under the symbol AER. Through its subsidiaries, AerCap owns, manages and leases commercial aircraft, engines and helicopters to airlines and other aviation customers worldwide.
The company provides operating leases, finance leases, aircraft trading and asset management services. Its fleet portfolio includes aircraft from major manufacturers such as Airbus and Boeing, as well as engines and helicopters.
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