Aercap Holdings N.V. (NYSE:AER) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd cut its holdings in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 24.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,930,577 shares of the financial services provider's stock after selling 619,773 shares during the quarter. Ninety One UK Ltd owned about 1.03% of Aercap worth $197,247,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its stake in Aercap by 393.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,253 shares of the financial services provider's stock worth $216,000 after acquiring an additional 1,796 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Aercap by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 234,487 shares of the financial services provider's stock worth $22,440,000 after acquiring an additional 3,542 shares during the last quarter. Victory Capital Management Inc. increased its stake in Aercap by 6.9% during the fourth quarter. Victory Capital Management Inc. now owns 140,415 shares of the financial services provider's stock worth $13,438,000 after acquiring an additional 9,091 shares during the last quarter. Atria Investments Inc grew its stake in shares of Aercap by 11.6% in the fourth quarter. Atria Investments Inc now owns 15,707 shares of the financial services provider's stock valued at $1,503,000 after buying an additional 1,635 shares in the last quarter. Finally, M&T Bank Corp grew its stake in shares of Aercap by 6.9% in the fourth quarter. M&T Bank Corp now owns 16,778 shares of the financial services provider's stock valued at $1,606,000 after buying an additional 1,078 shares in the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AER shares. JPMorgan Chase & Co. increased their target price on Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Susquehanna lifted their price objective on Aercap from $120.00 to $130.00 and gave the stock a "positive" rating in a report on Tuesday, May 13th. Finally, Morgan Stanley increased their target price on Aercap from $101.00 to $111.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $119.25.

Aercap Stock Down 1.1%

Shares of AER stock traded down $1.23 during mid-day trading on Tuesday, reaching $115.18. 894,159 shares of the company were exchanged, compared to its average volume of 1,351,295. Aercap Holdings N.V. has a fifty-two week low of $82.21 and a fifty-two week high of $118.07. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.21 and a current ratio of 0.21. The company has a market capitalization of $21.51 billion, a P/E ratio of 10.22, a P/E/G ratio of 2.36 and a beta of 1.38. The business's 50 day simple moving average is $113.43 and its 200 day simple moving average is $103.39.

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

Aercap Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Wednesday, May 14th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a 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%.

About Aercap

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.