Balyasny Asset Management L.P. Sells 676,999 Shares of AerCap Holdings (NYSE:AER)

Balyasny Asset Management L.P. trimmed its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 87.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,284 shares of the financial services provider's stock after selling 676,999 shares during the period. Balyasny Asset Management L.P.'s holdings in AerCap were worth $9,023,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of AerCap by 0.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,192 shares of the financial services provider's stock valued at $1,837,000 after purchasing an additional 115 shares during the period. Signaturefd LLC grew its holdings in shares of AerCap by 3.2% in the 4th quarter. Signaturefd LLC now owns 5,717 shares of the financial services provider's stock worth $547,000 after purchasing an additional 177 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in AerCap by 3.8% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,322 shares of the financial services provider's stock worth $509,000 after buying an additional 194 shares during the last quarter. Inspire Advisors LLC grew its position in AerCap by 3.4% during the 4th quarter. Inspire Advisors LLC now owns 6,336 shares of the financial services provider's stock worth $606,000 after acquiring an additional 209 shares during the last quarter. Finally, Williamson Legacy Group LLC grew its holdings in AerCap by 2.5% during the 4th quarter. Williamson Legacy Group LLC now owns 10,674 shares of the financial services provider's stock worth $1,022,000 after acquiring an additional 261 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors.

AerCap Trading Up 0.7%

Shares of NYSE AER traded up $0.74 during midday trading on Tuesday, reaching $112.08. 1,590,268 shares of the stock were exchanged, compared to its average volume of 1,392,473. The business has a 50-day simple moving average of $100.61 and a two-hundred day simple moving average of $98.29. The company has a market capitalization of $20.93 billion, a price-to-earnings ratio of 8.88, a P/E/G ratio of 2.22 and a beta of 1.41. AerCap Holdings has a 12 month low of $82.21 and a 12 month high of $113.07. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67.

AerCap (NYSE:AER - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.99. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.01 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The company's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.29 earnings per share. As a group, equities research analysts expect that AerCap Holdings will post 11.29 EPS for the current year.

AerCap declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

AerCap Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Wednesday, May 14th. AerCap's dividend payout ratio (DPR) is presently 9.58%.

Analysts Set New Price Targets

A number of research analysts have commented on AER shares. Barclays reiterated an "overweight" rating and issued a $115.00 price objective (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised their target price on shares of AerCap from $112.00 to $114.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. UBS Group lowered shares of AerCap to an "underperform" rating in a research note on Friday, March 7th. Morgan Stanley raised their target price on shares of AerCap from $101.00 to $111.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. Finally, Bank of America raised their price objective on shares of AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $119.25.

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.