Benjamin Edwards Inc. Reduces Position in Aercap Holdings N.V. (NYSE:AER)

Key Points

• Benjamin Edwards Inc. reduced its holdings in Aercap Holdings N.V. by 14.2% during Q1, now owning 16,669 shares valued at approximately $1.7 million.
• Analysts have increased Aercap's price target, with Barclays raising it to $131.00, indicating a general sentiment of growth potential for the stock.
• Aercap recently declared a $0.27 quarterly dividend, which will be paid on September 4th, representing an annual yield of 0.9%.

Benjamin Edwards Inc. decreased its stake in Aercap Holdings N.V. (NYSE:AER - Free Report) by 14.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,669 shares of the financial services provider's stock after selling 2,754 shares during the quarter. Benjamin Edwards Inc.'s holdings in Aercap were worth $1,703,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in shares of Aercap during the 4th quarter worth approximately $27,000. Mather Group LLC. increased its stake in shares of Aercap by 230.1% in the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock valued at $31,000 after buying an additional 214 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Aercap by 42.2% during the first quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider's stock worth $135,000 after purchasing an additional 391 shares in the last quarter. Covestor Ltd boosted its position in Aercap by 9.6% in the 1st quarter. Covestor Ltd now owns 1,422 shares of the financial services provider's stock valued at $145,000 after buying an additional 125 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Aercap by 473.2% during the 1st 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 period. 96.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Barclays upped their target price on shares of Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. lifted their target price on Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Morgan Stanley boosted their target price on shares of Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Finally, Susquehanna reaffirmed a "positive" rating and issued a $134.00 target price (up previously from $130.00) on shares of Aercap in a report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $122.57.

Aercap Stock Performance

Shares of NYSE AER traded up $0.22 during trading on Friday, reaching $112.96. 1,223,819 shares of the stock traded hands, compared to its average volume of 1,472,912. Aercap Holdings N.V. has a 52-week low of $85.57 and a 52-week high of $118.07. The stock has a market capitalization of $21.10 billion, a P/E ratio of 7.02, a price-to-earnings-growth ratio of 2.28 and a beta of 1.44. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.44 and a quick ratio of 0.44. The company has a 50-day moving average of $113.65 and a 200-day moving average of $106.45.

Aercap (NYSE:AER - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $2.83 EPS for the quarter, topping the consensus estimate of $2.75 by $0.08. Aercap had a return on equity of 13.13% and a net margin of 36.93%. The business had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the previous year, the business earned $3.01 earnings per share. The firm's revenue was down 3.6% on a year-over-year basis. Analysts forecast that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap Dividend Announcement

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

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.