Aercap Holdings N.V. (NYSE:AER) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its holdings in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 9.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 161,158 shares of the financial services provider's stock after purchasing an additional 13,413 shares during the period. PNC Financial Services Group Inc. owned about 0.09% of Aercap worth $16,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. 59 North Capital Management LP lifted its position in 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 valued at $354,560,000 after purchasing an additional 538,703 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in 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 valued at $249,595,000 after purchasing an additional 485,999 shares during the period. Lord Abbett & CO. LLC lifted its position in 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 valued at $217,408,000 after purchasing an additional 179,539 shares during the period. Ameriprise Financial Inc. lifted its position in Aercap by 12.9% during the fourth quarter. Ameriprise Financial Inc. now owns 1,913,857 shares of the financial services provider's stock valued at $183,199,000 after purchasing an additional 218,930 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Aercap by 1.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,764,609 shares of the financial services provider's stock valued at $168,874,000 after purchasing an additional 22,156 shares during the period. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Aercap Stock Up 0.9%

AER opened at $109.37 on Tuesday. Aercap Holdings N.V. has a twelve month low of $82.21 and a twelve month high of $118.07. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.57. The company has a 50-day moving average price of $114.31 and a 200 day moving average price of $105.74. The company has a market cap of $20.43 billion, a PE ratio of 6.80, a price-to-earnings-growth ratio of 2.17 and a beta of 1.44.

Aercap (NYSE:AER - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.08. Aercap had a net margin of 36.93% and a return on equity of 13.13%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $3.01 EPS. The company's revenue for the quarter was down 3.6% on a year-over-year basis. 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 will be paid on Thursday, September 4th. Investors of record on Wednesday, August 13th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, August 13th. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.