Deutsche Bank AG Sells 44,711 Shares of Aercap Holdings N.V. (NYSE:AER)

Key Points

• Deutsche Bank AG reduced its stake in Aercap Holdings N.V. by 3.7%, owning approximately 1.16 million shares worth $118.68 million after the sale.
• Aercap recently reported earnings per share of $2.83, surpassing analyst expectations, despite a 3.6% year-over-year revenue decline.
• The company has announced a quarterly dividend of $0.27 per share, reflecting an annualized yield of 1.0%.

Deutsche Bank AG decreased its position in Aercap Holdings N.V. (NYSE:AER - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,161,626 shares of the financial services provider's stock after selling 44,711 shares during the period. Deutsche Bank AG owned about 0.62% of Aercap worth $118,683,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Signaturefd LLC boosted its holdings in shares of Aercap by 1.8% in the 1st quarter. Signaturefd LLC now owns 5,819 shares of the financial services provider's stock worth $595,000 after acquiring an additional 102 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Aercap by 8.0% in the 1st quarter. Allworth Financial LP now owns 1,566 shares of the financial services provider's stock worth $160,000 after acquiring an additional 116 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in Aercap by 0.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 24,096 shares of the financial services provider's stock worth $2,301,000 after buying an additional 209 shares in the last quarter. Mather Group LLC. lifted its holdings in Aercap by 230.1% during the 1st quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock worth $31,000 after buying an additional 214 shares in the last quarter. Finally, Winthrop Capital Management LLC lifted its holdings in Aercap by 4.9% during the 1st quarter. Winthrop Capital Management LLC now owns 4,602 shares of the financial services provider's stock worth $470,000 after buying an additional 216 shares in the last quarter. Institutional investors own 96.42% of the company's stock.

Aercap Price Performance

Shares of NYSE AER traded up $3.36 during midday trading on Tuesday, reaching $113.73. 1,181,869 shares of the company were exchanged, compared to its average volume of 1,386,528. The stock has a market cap of $21.24 billion, a P/E ratio of 7.07, a PEG ratio of 2.21 and a beta of 1.44. The stock's 50-day moving average price is $113.73 and its 200-day moving average price is $106.28. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.57. Aercap Holdings N.V. has a one year low of $85.57 and a one year high of $118.07.

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

Aercap Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Wednesday, August 13th will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, August 13th. This represents a $1.08 annualized dividend and a dividend yield of 0.9%. Aercap's dividend payout ratio is currently 6.72%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AER shares. Susquehanna upped their price objective on Aercap from $120.00 to $130.00 and gave the stock a "positive" rating in a report on Tuesday, May 13th. Morgan Stanley upped 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. JPMorgan Chase & Co. increased their price target on Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, Barclays increased their price target on Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Aercap has an average rating of "Moderate Buy" and an average price target of $122.00.

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.