KLP Kapitalforvaltning AS Raises Position in Aercap Holdings N.V. (NYSE:AER)

KLP Kapitalforvaltning AS raised its position in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 161,600 shares of the financial services provider's stock after purchasing an additional 6,100 shares during the quarter. KLP Kapitalforvaltning AS owned 0.09% of Aercap worth $16,553,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AER. Mather Group LLC. boosted its holdings in shares of Aercap by 230.1% in the 1st quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 214 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Aercap by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 452,376 shares of the financial services provider's stock valued at $46,219,000 after purchasing an additional 6,073 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Aercap by 9.8% in the first 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 boosted its holdings in Aercap by 11.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 18,664 shares of the financial services provider's stock valued at $1,786,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Bessemer Group Inc. boosted 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 buying an additional 1,216 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AER. JPMorgan Chase & Co. increased their price target on shares of Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Barclays increased their target price on shares of Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Morgan Stanley increased their target price on shares of Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Finally, Susquehanna increased their target price on shares of Aercap from $120.00 to $130.00 and gave the stock a "positive" rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $122.38.

Aercap Stock Performance

Shares of NYSE:AER traded up $0.17 during midday trading on Friday, hitting $112.18. The stock had a trading volume of 614,774 shares, compared to its average volume of 1,087,489. Aercap Holdings N.V. has a 1 year low of $82.21 and a 1 year high of $118.07. The stock has a 50 day moving average price of $114.66 and a two-hundred day moving average price of $105.02. The company has a market capitalization of $20.95 billion, a PE ratio of 9.95, 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 released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.68 EPS for the quarter, topping analysts' consensus estimates of $2.69 by $0.99. The firm had revenue of $2.08 billion for 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 firm's revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.29 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th were given a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $1.08 annualized dividend and a dividend yield of 0.96%. Aercap's dividend payout ratio is currently 9.58%.

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.