M&T Bank Corp Purchases 2,489 Shares of Aercap Holdings N.V. (NYSE:AER)

M&T Bank Corp lifted its stake in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 14.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,267 shares of the financial services provider's stock after purchasing an additional 2,489 shares during the quarter. M&T Bank Corp's holdings in Aercap were worth $1,969,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mather Group LLC. grew its holdings in shares of Aercap by 230.1% during the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock valued at $31,000 after buying an additional 214 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Aercap by 9.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,996 shares of the financial services provider's stock valued at $1,123,000 after purchasing an additional 978 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Aercap by 11.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 18,664 shares of the financial services provider's stock worth $1,786,000 after purchasing an additional 1,900 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Aercap by 473.2% in the first quarter. Bessemer Group Inc. now owns 1,473 shares of the financial services provider's stock worth $150,000 after purchasing an additional 1,216 shares during the last quarter. Finally, Lyrical Asset Management LP lifted its holdings in shares of Aercap by 1.3% in the fourth 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 in the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Aercap Stock Performance

Shares of AER stock traded up $0.68 on Monday, hitting $115.20. 1,400,861 shares of the stock were exchanged, compared to its average volume of 1,490,616. Aercap Holdings N.V. has a one year low of $82.21 and a one year high of $118.07. The firm's 50 day moving average is $114.12 and its two-hundred day moving average is $103.93. The firm has a market capitalization of $21.52 billion, a PE ratio of 10.22, a P/E/G ratio of 2.33 and a beta of 1.38. The company has a current ratio of 0.21, a quick 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, 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 during the quarter, compared to the consensus estimate of $2.01 billion. Aercap had a net margin of 26.53% and a return on equity of 13.84%. The company's revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $3.29 earnings per share. Sell-side analysts expect that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Wednesday, May 14th. Aercap's dividend payout ratio (DPR) is presently 9.58%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AER shares. Morgan Stanley increased their price target on Aercap from $101.00 to $111.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. upped their target price on Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Barclays lifted their price target on Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Susquehanna raised their target price on Aercap from $120.00 to $130.00 and gave the company a "positive" rating in a research report on Tuesday, May 13th. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $121.25.

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.