2,498,459 AerCap Holdings N.V. $AER Shares Sold by ARGA Investment Management LP

Key Points

• ARGA Investment Management cut its AerCap stake by 99.1% in the third quarter, selling 2,498,459 shares and retaining 22,425 shares valued at about $3.2 million.
• AerCap beat quarterly expectations, reporting EPS of $6.56 versus $4.56 forecast and revenue of $2.42 billion, up 4.6% year over year. Analysts’ average rating was “Moderate Buy,” with an average price target of $185.88.
• AerCap announced a quarterly dividend of $0.40 per share, equivalent to $1.60 annually and a 1.0% yield.

ARGA Investment Management LP decreased its holdings in AerCap Holdings N.V. (NYSE:AER - Free Report) by 99.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,425 shares of the financial services provider's stock after selling 2,498,459 shares during the period. ARGA Investment Management LP's holdings in AerCap were worth $3,218,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in AER. Donald Smith & CO. Inc. bought a new position in AerCap in the second quarter worth approximately $424,585,000. Ninety One UK Ltd raised its position in AerCap by 12.0% during the 3rd quarter. Ninety One UK Ltd now owns 2,275,507 shares of the financial services provider's stock valued at $326,581,000 after purchasing an additional 243,488 shares in the last quarter. KBC Group NV raised its position in AerCap by 1.2% during the 1st quarter. KBC Group NV now owns 982,037 shares of the financial services provider's stock valued at $134,715,000 after purchasing an additional 11,916 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of AerCap by 23.2% in the 1st quarter. Sei Investments Co. now owns 769,611 shares of the financial services provider's stock worth $105,575,000 after buying an additional 144,857 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of AerCap by 20.4% in the 1st quarter. Swiss National Bank now owns 579,800 shares of the financial services provider's stock worth $79,537,000 after buying an additional 98,200 shares during the period. 96.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AER has been the topic of several research reports. Zacks Research lowered shares of AerCap from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $190.00 target price on shares of AerCap in a research report on Thursday, July 30th. Morgan Stanley lifted their price target on AerCap from $165.00 to $175.00 and gave the company an "equal weight" rating in a report on Thursday, October 29th. Barclays boosted their price target on AerCap from $179.00 to $181.00 and gave the stock an "overweight" rating in a research report on Thursday, October 29th. Finally, Weiss Ratings upgraded AerCap from a "buy (a-)" rating to a "buy (a)" rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $185.88.

AerCap Trading Down 0.7%

Shares of NYSE:AER opened at $162.26 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 2.32. AerCap Holdings N.V. has a 52-week low of $129.69 and a 52-week high of $165.19. The stock has a market cap of $27.08 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 0.57 and a beta of 0.99. The business has a 50-day moving average price of $146.35 and a 200-day moving average price of $144.80.

AerCap (NYSE:AER - Get Free Report) last issued its earnings results on Wednesday, October 28th. The financial services provider reported $6.56 EPS for the quarter, beating analysts' consensus estimates of $4.56 by $2.00. AerCap had a return on equity of 18.26% and a net margin of 34.47%. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the firm earned $4.97 earnings per share. AerCap's revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts predict that AerCap Holdings N.V. will post 21.47 EPS for the current year.

AerCap Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Wednesday, November 11th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, November 10th. AerCap's dividend payout ratio (DPR) is 8.20%.

About AerCap

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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