Invesco Ltd. Sells 1,542,984 Shares of Aercap Holdings N.V. $AER

Key Points

• Invesco Ltd. reduced its stake in Aercap Holdings by 82.8%, selling 1,542,984 shares, leaving it with 320,616 shares valued at approximately $32.76 million as of the latest SEC filing.
• Aercap Holdings reported a net revenue of $1.89 billion during the last quarter, falling short of analyst expectations of $2.03 billion, while its earnings per share of $2.83 surpassed estimates by $0.08.
• The company announced a quarterly dividend of $0.27 per share, scheduled for payment on September 4th, representing an annual yield of 0.9%.

Invesco Ltd. trimmed its position in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 82.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 320,616 shares of the financial services provider's stock after selling 1,542,984 shares during the period. Invesco Ltd. owned about 0.17% of Aercap worth $32,757,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. grew 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 valued at $31,000 after purchasing an additional 214 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Aercap by 1.4% in the 1st quarter. Bank of New York Mellon Corp now owns 452,376 shares of the financial services provider's stock worth $46,219,000 after acquiring an additional 6,073 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Aercap by 9.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,996 shares of the financial services provider's stock worth $1,123,000 after acquiring an additional 978 shares in the last quarter. Bessemer Group Inc. grew its stake in Aercap by 473.2% in the 1st quarter. Bessemer Group Inc. now owns 1,473 shares of the financial services provider's stock worth $150,000 after acquiring an additional 1,216 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Aercap by 2.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,465 shares of the financial services provider's stock worth $865,000 after acquiring an additional 219 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors.

Aercap Price Performance

Shares of AER opened at $114.59 on Tuesday. The company has a 50 day moving average price of $113.55 and a 200-day moving average price of $106.86. Aercap Holdings N.V. has a fifty-two week low of $85.57 and a fifty-two week high of $118.07. The stock has a market capitalization of $21.40 billion, a PE ratio of 7.13, a PEG ratio of 2.26 and a beta of 1.44. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.44 and a current ratio of 0.44.

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 for the quarter, topping the consensus estimate of $2.75 by $0.08. Aercap had a net margin of 36.93% and a return on equity of 13.13%. The firm had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter in the prior year, the company earned $3.01 EPS. The company's revenue was down 3.6% compared to the same quarter last year. Equities analysts predict that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Wednesday, August 13th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $1.08 dividend on an annualized basis and a yield of 0.9%. Aercap's dividend payout ratio is presently 6.72%.

Analyst Ratings Changes

A number of equities analysts have commented on AER shares. JPMorgan Chase & Co. upped their target price on shares of Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Susquehanna restated a "positive" rating and issued a $134.00 target price (up from $130.00) on shares of Aercap in a research note on Wednesday, August 13th. Morgan Stanley upped their target price on shares of Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Finally, Barclays upped their target price on shares of Aercap from $115.00 to $131.00 and gave the stock 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 assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Aercap presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.57.

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.

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