Cooke & Bieler LP Sells 62,066 Shares of Aercap Holdings N.V. (NYSE:AER)

Cooke & Bieler LP cut its position in Aercap Holdings N.V. (NYSE:AER - Free Report) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,872,119 shares of the financial services provider's stock after selling 62,066 shares during the quarter. Aercap comprises approximately 2.9% of Cooke & Bieler LP's holdings, making the stock its 6th biggest position. Cooke & Bieler LP owned approximately 1.54% of Aercap worth $293,444,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 59 North Capital Management LP lifted its holdings in Aercap by 17.0% during the 4th quarter. 59 North Capital Management LP now owns 3,704,914 shares of the financial services provider's stock valued at $354,560,000 after purchasing an additional 538,703 shares during the last quarter. Lyrical Asset Management LP lifted its holdings in Aercap by 1.3% during the 4th quarter. Lyrical Asset Management LP now owns 3,097,840 shares of the financial services provider's stock valued at $296,463,000 after purchasing an additional 38,264 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Aercap by 22.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,608,099 shares of the financial services provider's stock valued at $249,595,000 after purchasing an additional 485,999 shares during the last quarter. Norges Bank acquired a new stake in Aercap during the 4th quarter valued at $218,517,000. Finally, Lord Abbett & CO. LLC lifted its holdings in Aercap by 8.6% during the 4th quarter. Lord Abbett & CO. LLC now owns 2,271,769 shares of the financial services provider's stock valued at $217,408,000 after purchasing an additional 179,539 shares during the last quarter. 96.42% of the stock is owned by institutional investors.

Aercap Price Performance

Aercap stock traded down $1.67 during midday trading on Friday, reaching $112.13. The company's stock had a trading volume of 1,133,300 shares, compared to its average volume of 1,341,285. Aercap Holdings N.V. has a 52 week low of $82.21 and a 52 week high of $118.07. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 2.69. The business has a 50-day moving average price of $114.64 and a 200-day moving average price of $104.33. The stock has a market cap of $20.94 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 2.38 and a beta of 1.38.

Aercap (NYSE:AER - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.69 by $0.99. The firm had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.01 billion. Aercap had a return on equity of 13.84% and a net margin of 26.53%. The business's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.29 earnings per share. On average, sell-side analysts predict that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th were 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 was Wednesday, May 14th. Aercap's dividend payout ratio (DPR) is currently 9.58%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AER. Barclays raised their price target on Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Morgan Stanley lifted their target price on Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday. JPMorgan Chase & Co. lifted their target price on Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Susquehanna lifted their target price on Aercap from $120.00 to $130.00 and gave the stock a "positive" rating in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $122.38.

Aercap 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.