Forsta AP Fonden Boosts Stock Position in Aercap Holdings N.V. (NYSE:AER)

Key Points

• Forsta AP Fonden has increased its holdings in Aercap Holdings N.V. by 100%, now owning 22,000 shares valued at approximately $2.25 million.
• Several large investors have also raised their stakes in Aercap, with 96.42% of the stock now owned by hedge funds and institutional investors.
• Aercap recently announced a quarterly dividend of $0.27, translating to an annual yield of 0.9%, with the payout set for September 4th.

Forsta AP Fonden boosted its holdings in Aercap Holdings N.V. (NYSE:AER - Free Report) by 100.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,000 shares of the financial services provider's stock after buying an additional 11,000 shares during the period. Forsta AP Fonden's holdings in Aercap were worth $2,248,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. lifted its position in shares of Aercap by 3.8% in the first quarter. Citigroup Inc. now owns 148,860 shares of the financial services provider's stock worth $15,209,000 after purchasing an additional 5,451 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Aercap by 9.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 153,700 shares of the financial services provider's stock worth $15,704,000 after purchasing an additional 13,596 shares during the period. Headlands Technologies LLC boosted its position in Aercap by 191.9% during the first quarter. Headlands Technologies LLC now owns 6,933 shares of the financial services provider's stock worth $708,000 after purchasing an additional 4,558 shares during the period. Ontario Teachers Pension Plan Board boosted its position in Aercap by 91.2% during the first quarter. Ontario Teachers Pension Plan Board now owns 18,194 shares of the financial services provider's stock worth $1,859,000 after purchasing an additional 8,678 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Aercap by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 241,066 shares of the financial services provider's stock worth $24,630,000 after purchasing an additional 6,579 shares during the period. Institutional investors and hedge funds own 96.42% of the company's stock.

Aercap Trading Down 0.8%

NYSE AER traded down $0.95 during trading on Thursday, hitting $112.82. The company had a trading volume of 1,232,789 shares, compared to its average volume of 1,436,330. The company has a current ratio of 0.44, a quick 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. The company has a market cap of $21.07 billion, a price-to-earnings ratio of 7.02, a price-to-earnings-growth ratio of 2.28 and a beta of 1.44. The company's fifty day moving average is $113.65 and its 200-day moving average is $106.45.

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

Aercap Dividend Announcement

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

Analyst Upgrades and Downgrades

AER has been the subject of a number of research reports. Barclays lifted 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. 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, July 17th. 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. Finally, Susquehanna restated a "positive" rating and issued a $134.00 price target (up previously from $130.00) on shares of Aercap in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $122.57.

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.