AerCap Holdings (NYSE:AER) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 37.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,944 shares of the financial services provider's stock after selling 8,229 shares during the quarter. Park Avenue Securities LLC's holdings in AerCap were worth $1,425,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Ameriflex Group Inc. acquired a new stake in shares of AerCap during the fourth quarter worth about $27,000. Pinpoint Asset Management Ltd acquired a new stake in AerCap in the fourth quarter valued at approximately $35,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in AerCap by 110.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,740 shares of the financial services provider's stock valued at $167,000 after acquiring an additional 914 shares in the last quarter. CoreCap Advisors LLC raised its holdings in AerCap by 104.3% in the fourth quarter. CoreCap Advisors LLC now owns 1,949 shares of the financial services provider's stock valued at $187,000 after acquiring an additional 995 shares in the last quarter. Finally, Intrust Bank NA acquired a new stake in AerCap in the fourth quarter valued at approximately $202,000. Institutional investors and hedge funds own 96.42% of the company's stock.

AerCap Stock Performance

Shares of NYSE AER traded down $0.56 during mid-day trading on Friday, hitting $115.69. 1,268,077 shares of the company were exchanged, compared to its average volume of 1,379,305. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The stock has a 50 day simple moving average of $107.34 and a 200-day simple moving average of $101.19. AerCap Holdings has a 1-year low of $82.21 and a 1-year high of $118.07. The firm has a market cap of $21.61 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 2.22 and a beta of 1.39.

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

AerCap announced that its board has approved a share repurchase plan on Wednesday, February 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

AerCap Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Wednesday, May 14th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Wednesday, May 14th. AerCap's dividend payout ratio (DPR) is currently 9.58%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AER. Bank of America raised their target price on shares of AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, March 7th. Barclays reiterated an "overweight" rating and issued a $115.00 price target (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Morgan Stanley increased their price target 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. UBS Group lowered shares of AerCap to an "underperform" rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of AerCap from $112.00 to $114.00 and gave the company an "overweight" 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 assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $119.25.

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.