Aercap Holdings N.V. (NYSE:AER) Position Reduced by Donald Smith & CO. Inc.

Key Points

• Donald Smith & CO. Inc. reduced its stake in Aercap Holdings N.V. by 4.5% during the first quarter, retaining approximately 3.3 million shares, which represents 8.2% of its total portfolio.
• Aercap reported $2.83 earnings per share for the last quarter, exceeding expectations but reflecting a 3.6% year-over-year decline in revenue.
• The company announced a quarterly dividend of $0.27, equating to an annual yield of 1.0%, with payment scheduled for September 4th.

Donald Smith & CO. Inc. reduced its position in Aercap Holdings N.V. (NYSE:AER - Free Report) by 4.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,297,089 shares of the financial services provider's stock after selling 154,330 shares during the quarter. Aercap comprises about 8.2% of Donald Smith & CO. Inc.'s holdings, making the stock its biggest holding. Donald Smith & CO. Inc. owned 1.77% of Aercap worth $336,864,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Ameriflex Group Inc. purchased a new stake in shares of Aercap during the 4th quarter valued at about $27,000. Mather Group LLC. boosted its position in 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 purchasing an additional 214 shares in the last quarter. Blue Trust Inc. boosted its holdings in Aercap by 42.2% in the first quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider's stock worth $135,000 after acquiring an additional 391 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Aercap by 9.6% during the first quarter. Covestor Ltd now owns 1,422 shares of the financial services provider's stock worth $145,000 after purchasing an additional 125 shares during the period. Finally, Bessemer Group Inc. raised its position in Aercap by 473.2% during the first quarter. Bessemer Group Inc. now owns 1,473 shares of the financial services provider's stock valued at $150,000 after acquiring an additional 1,216 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors.

Aercap Stock Up 3.0%

Shares of NYSE AER traded up $3.36 during mid-day trading on Tuesday, hitting $113.73. The company had a trading volume of 1,181,869 shares, compared to its average volume of 1,386,528. The company has a market capitalization of $21.24 billion, a PE ratio of 7.07, a price-to-earnings-growth ratio of 2.21 and a beta of 1.44. The firm has a 50-day simple moving average of $113.73 and a two-hundred day simple moving average of $106.28. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.57. Aercap Holdings N.V. has a one year low of $85.57 and a one year high of $118.07.

Aercap (NYSE:AER - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share (EPS) 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 period last year, the business posted $3.01 earnings per share. The business's revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities analysts expect that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Wednesday, August 13th will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, August 13th. This represents a $1.08 annualized dividend and a dividend yield of 0.9%. Aercap's dividend payout ratio is currently 6.72%.

Analyst Upgrades and Downgrades

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