AerCap Holdings (NYSE:AER) Stake Reduced by Park Avenue Securities LLC

Park Avenue Securities LLC reduced its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 37.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,944 shares of the financial services provider's stock after selling 8,229 shares during the period. Park Avenue Securities LLC's holdings in AerCap were worth $1,425,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AER. Yousif Capital Management LLC increased its holdings in shares of AerCap by 3.6% in the 4th quarter. Yousif Capital Management LLC now owns 11,957 shares of the financial services provider's stock valued at $1,144,000 after acquiring an additional 410 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of AerCap by 4.5% in the fourth quarter. Rhumbline Advisers now owns 51,349 shares of the financial services provider's stock valued at $4,914,000 after purchasing an additional 2,196 shares during the period. Principal Securities Inc. raised its position in AerCap by 3.3% during the 4th quarter. Principal Securities Inc. now owns 9,664 shares of the financial services provider's stock worth $925,000 after buying an additional 305 shares during the last quarter. Americana Partners LLC lifted its position in AerCap by 128.9% in the fourth quarter. Americana Partners LLC now owns 33,678 shares of the financial services provider's stock valued at $3,223,000 after purchasing an additional 18,968 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of AerCap by 2.1% during the 4th quarter. Principal Financial Group Inc. now owns 15,857 shares of the financial services provider's stock worth $1,518,000 after acquiring an additional 323 shares in the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on AER shares. Susquehanna increased their price target on shares of AerCap from $120.00 to $130.00 and gave the company a "positive" rating in a research report on Tuesday, May 13th. Bank of America upped their price objective on AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Barclays reaffirmed an "overweight" rating and set a $115.00 price target (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. UBS Group lowered AerCap to an "underperform" rating in a research report on Friday, March 7th. Finally, Morgan Stanley upped their target price on shares of 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $119.25.

AerCap Stock Performance

AER traded down $0.90 on Thursday, hitting $116.22. 1,082,035 shares of the company's stock were exchanged, compared to its average volume of 1,381,437. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The stock has a fifty day moving average of $106.27 and a two-hundred day moving average of $100.95. AerCap Holdings has a twelve month low of $82.21 and a twelve month high of $118.07. The firm has a market cap of $21.71 billion, a PE ratio of 9.21, a P/E/G ratio of 2.22 and a beta of 1.39.

AerCap (NYSE:AER - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $0.99. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the prior year, the firm earned $3.29 EPS. The business's quarterly revenue was up 2.9% on a year-over-year basis. On average, research analysts anticipate that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $1.08 annualized dividend and a dividend yield of 0.93%. AerCap's dividend payout ratio is currently 9.58%.

AerCap declared that its board has approved a stock buyback plan on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 4.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

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.