Bank of New York Mellon Corp Purchases 6,073 Shares of Aercap Holdings N.V. (NYSE:AER)

Bank of New York Mellon Corp raised its position in Aercap Holdings N.V. (NYSE:AER - Free Report) by 1.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 452,376 shares of the financial services provider's stock after buying an additional 6,073 shares during the period. Bank of New York Mellon Corp owned about 0.24% of Aercap worth $46,219,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. OneDigital Investment Advisors LLC boosted its position in Aercap by 9.6% in the 1st quarter. OneDigital Investment Advisors LLC now owns 12,219 shares of the financial services provider's stock valued at $1,248,000 after buying an additional 1,074 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of Aercap by 22.4% in the 1st quarter. D.A. Davidson & CO. now owns 13,808 shares of the financial services provider's stock worth $1,411,000 after purchasing an additional 2,531 shares during the last quarter. Compound Global Advisors LLC bought a new position in shares of Aercap in the 1st quarter worth $294,000. Mather Group LLC. boosted its position in shares of Aercap by 230.1% in the 1st quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock worth $31,000 after purchasing an additional 214 shares during the last quarter. Finally, Red Door Wealth Management LLC bought a new position in shares of Aercap in the 1st quarter worth $221,000. 96.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on AER. JPMorgan Chase & Co. raised their price target on Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Barclays raised their price target on Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Morgan Stanley raised 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. Finally, Susquehanna raised their price objective on Aercap from $120.00 to $130.00 and gave the stock a "positive" rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Aercap currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.38.

Aercap Trading Down 0.8%

Aercap stock traded down $0.89 during mid-day trading on Thursday, hitting $113.71. 1,436,673 shares of the company's stock were exchanged, compared to its average volume of 1,342,117. The firm has a market capitalization of $21.24 billion, a P/E ratio of 10.09, a PEG ratio of 2.38 and a beta of 1.38. The company's 50 day simple moving average is $114.64 and its 200-day simple moving average is $104.33. 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 quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 2.69.

Aercap (NYSE:AER - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 EPS for the quarter, beating analysts' consensus estimates of $2.69 by $0.99. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.01 billion. Aercap had a return on equity of 13.84% and a net margin of 26.53%. The company's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.29 earnings per share. On average, equities analysts anticipate that Aercap Holdings N.V. will post 11.29 earnings per share for the current year.

Aercap Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.95%. Aercap's dividend payout ratio (DPR) is 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.