CenterBook Partners LP Decreases Holdings in Aercap Holdings N.V. (NYSE:AER)

CenterBook Partners LP trimmed its stake in Aercap Holdings N.V. (NYSE:AER - Free Report) by 79.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,316 shares of the financial services provider's stock after selling 28,567 shares during the period. CenterBook Partners LP's holdings in Aercap were worth $747,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in Aercap during the 4th quarter valued at approximately $3,284,000. Commonwealth Equity Services LLC increased its stake in Aercap by 3.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 37,907 shares of the financial services provider's stock valued at $3,628,000 after acquiring an additional 1,321 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in Aercap by 1.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 17,143 shares of the financial services provider's stock valued at $1,641,000 after acquiring an additional 308 shares during the period. Royce & Associates LP bought a new position in Aercap during the fourth quarter valued at about $1,491,000. Finally, Signaturefd LLC increased its stake in Aercap by 3.2% during the fourth quarter. Signaturefd LLC now owns 5,717 shares of the financial services provider's stock valued at $547,000 after acquiring an additional 177 shares during the period. 96.42% of the stock is owned by institutional investors.

Aercap Price Performance

Shares of Aercap stock traded down $1.67 on Friday, reaching $112.13. 1,133,300 shares of the stock were exchanged, compared to its average volume of 1,339,525. The firm's 50 day moving average is $114.69 and its 200-day moving average is $104.45. Aercap Holdings N.V. has a one year low of $82.21 and a one year high of $118.07. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a market cap of $20.94 billion, a PE ratio of 9.95, a P/E/G ratio of 2.36 and a beta of 1.38.

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

Aercap Announces Dividend

The company also recently disclosed 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. This represents a $1.08 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, May 14th. Aercap's dividend payout ratio (DPR) is presently 9.58%.

Analyst Ratings Changes

A number of brokerages have commented on AER. Susquehanna raised their price target on shares of Aercap from $120.00 to $130.00 and gave the stock a "positive" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. increased their target price on Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Barclays increased their target price on Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Morgan Stanley increased their target price on Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Aercap presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.38.

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.