Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 4,715 Shares of Aercap Holdings N.V. (NYSE:AER)

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Aercap Holdings by 11.5%, selling 4,715 shares, bringing its total holdings to 36,119 shares worth approximately $3.69 million.
• Institutional investors own 96.42% of Aercap's stock, with several hedge funds notably increasing their positions, including Alyeska Investment Group, which raised its stake by 139.1%.
• Aercap recently reported an earnings per share (EPS) of $2.83, exceeding analysts' expectations, but experienced a 3.6% decrease in revenue compared to the previous year.

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in Aercap Holdings N.V. (NYSE:AER - Free Report) by 11.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,119 shares of the financial services provider's stock after selling 4,715 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Aercap were worth $3,690,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of AER. Alyeska Investment Group L.P. increased its position in shares of Aercap by 139.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,505,799 shares of the financial services provider's stock worth $144,105,000 after purchasing an additional 875,950 shares during the period. TOMS Capital Investment Management LP grew its position in Aercap by 118.8% in the fourth quarter. TOMS Capital Investment Management LP now owns 1,398,000 shares of the financial services provider's stock valued at $133,789,000 after acquiring an additional 759,000 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Aercap by 190.7% during the fourth quarter. Millennium Management LLC now owns 1,074,931 shares of the financial services provider's stock valued at $102,871,000 after purchasing an additional 705,212 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Aercap by 43.7% during the first quarter. JPMorgan Chase & Co. now owns 2,298,552 shares of the financial services provider's stock valued at $234,843,000 after purchasing an additional 699,520 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Aercap by 90.9% during the fourth quarter. Northern Trust Corp now owns 1,396,937 shares of the financial services provider's stock valued at $133,687,000 after purchasing an additional 664,990 shares in the last quarter. Institutional investors own 96.42% of the company's stock.

Analyst Upgrades and Downgrades

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

Aercap Stock Up 0.2%

AER stock opened at $112.96 on Friday. Aercap Holdings N.V. has a twelve month low of $85.57 and a twelve month high of $118.07. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.57. The firm has a market cap of $21.10 billion, a PE ratio of 7.02, a price-to-earnings-growth ratio of 2.26 and a beta of 1.44. The business has a 50 day moving average of $113.58 and a 200 day moving average of $106.65.

Aercap (NYSE:AER - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the company posted $3.01 earnings per share. Aercap's revenue was down 3.6% compared to the same quarter last year. On average, research analysts forecast that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap Dividend Announcement

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

Want to see what other hedge funds are holding AER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aercap Holdings N.V. (NYSE:AER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.