Aercap Holdings N.V. (NYSE:AER) Shares Sold by Swiss National Bank

Key Points

• The Swiss National Bank reduced its stake in Aercap Holdings N.V. by 2.3%, owning about 0.30% of the company after selling 13,100 shares in the first quarter.
• Aercap announced a quarterly dividend of $0.27 per share, representing a 1.0% yield and a payout ratio of 6.72%.
• Analysts have raised their price targets for Aercap, with a consensus target now set at $122.00, reflecting an average rating of "Moderate Buy".

Swiss National Bank reduced its position in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 2.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 557,600 shares of the financial services provider's stock after selling 13,100 shares during the period. Swiss National Bank owned about 0.30% of Aercap worth $56,970,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mather Group LLC. lifted its position 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 worth $31,000 after purchasing an additional 214 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Aercap by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 452,376 shares of the financial services provider's stock worth $46,219,000 after purchasing an additional 6,073 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Aercap by 9.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,996 shares of the financial services provider's stock worth $1,123,000 after purchasing an additional 978 shares in the last quarter. Bessemer Group Inc. increased 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. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Aercap by 2.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,465 shares of the financial services provider's stock worth $865,000 after buying an additional 219 shares during the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

Aercap Stock Up 1.1%

AER stock opened at $110.32 on Monday. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.44 and a quick ratio of 0.44. Aercap Holdings N.V. has a 1-year low of $85.57 and a 1-year high of $118.07. The firm has a fifty day moving average price of $113.88 and a two-hundred day moving average price of $106.13. The firm has a market cap of $20.61 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 2.21 and a beta of 1.44.

Aercap (NYSE:AER - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share for the quarter, beating 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 analyst estimates of $2.03 billion. During the same quarter in the previous year, the firm earned $3.01 earnings per share. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year. Research analysts predict that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Susquehanna lifted their price target 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. Barclays lifted their price target 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. JPMorgan Chase & Co. lifted their price target on shares of Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Morgan Stanley lifted their price target 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. One equities research 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $122.00.

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.

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