Aercap Holdings N.V. (NYSE:AER) Shares Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. lessened its stake in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 71.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,200 shares of the financial services provider's stock after selling 8,115 shares during the quarter. Pinnacle Associates Ltd.'s holdings in Aercap were worth $327,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. 59 North Capital Management LP increased its position in shares of Aercap by 17.0% during the fourth quarter. 59 North Capital Management LP now owns 3,704,914 shares of the financial services provider's stock worth $354,560,000 after acquiring an additional 538,703 shares during the last quarter. Lyrical Asset Management LP increased its position in shares of Aercap by 1.3% during the fourth quarter. Lyrical Asset Management LP now owns 3,097,840 shares of the financial services provider's stock worth $296,463,000 after acquiring an additional 38,264 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Aercap by 22.9% during the fourth 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 worth $249,595,000 after acquiring an additional 485,999 shares during the last quarter. Norges Bank purchased a new stake in shares of Aercap during the fourth quarter worth about $218,517,000. Finally, Lord Abbett & CO. LLC increased its position in shares of Aercap by 8.6% during the fourth quarter. Lord Abbett & CO. LLC now owns 2,271,769 shares of the financial services provider's stock worth $217,408,000 after acquiring an additional 179,539 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AER. JPMorgan Chase & Co. boosted their price objective on Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Morgan Stanley boosted their price objective on Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Barclays boosted their price objective on Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Finally, Susquehanna boosted their price objective on Aercap from $120.00 to $130.00 and gave the company a "positive" rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $122.00.

Aercap Stock Performance

Shares of NYSE:AER traded up $0.99 during trading on Friday, hitting $108.24. 862,391 shares of the company traded hands, compared to its average volume of 1,472,993. The stock has a market capitalization of $20.22 billion, a price-to-earnings ratio of 6.73, a PEG ratio of 2.44 and a beta of 1.38. The business's fifty day moving average is $114.46 and its 200-day moving average is $105.43. Aercap Holdings N.V. has a one year low of $82.21 and a one year high of $118.07. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 2.69.

Aercap (NYSE:AER - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $2.83 EPS for the quarter, beating the consensus estimate of $2.75 by $0.08. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $2.03 billion. Aercap had a return on equity of 13.31% and a net margin of 36.93%. The business's revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.01 earnings per share. As a group, equities analysts predict that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Wednesday, August 13th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.0%. Aercap's dividend payout ratio is 6.72%.

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.