KBC Group NV Buys 64,156 Shares of Aercap Holdings N.V. (NYSE:AER)

KBC Group NV increased its position in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 7.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 898,608 shares of the financial services provider's stock after buying an additional 64,156 shares during the period. KBC Group NV owned 0.48% of Aercap worth $91,811,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AER. Principal Financial Group Inc. raised its stake in Aercap by 2.1% in the fourth quarter. Principal Financial Group Inc. now owns 15,857 shares of the financial services provider's stock valued at $1,518,000 after buying an additional 323 shares during the period. Ieq Capital LLC raised its stake in Aercap by 19.7% in the 4th quarter. Ieq Capital LLC now owns 2,830 shares of the financial services provider's stock valued at $271,000 after acquiring an additional 466 shares during the period. Bank of New York Mellon Corp raised its stake in Aercap by 1.0% in the 4th quarter. Bank of New York Mellon Corp now owns 446,303 shares of the financial services provider's stock valued at $42,711,000 after acquiring an additional 4,222 shares during the period. New York Life Investment Management LLC lifted its holdings in Aercap by 25.2% during the 4th quarter. New York Life Investment Management LLC now owns 4,430 shares of the financial services provider's stock valued at $424,000 after purchasing an additional 891 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in Aercap by 28.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 46,499 shares of the financial services provider's stock worth $4,450,000 after purchasing an additional 10,273 shares during the period. 96.42% of the stock is owned by institutional investors.

Aercap Price Performance

Shares of AER stock traded down $0.28 during trading on Monday, hitting $116.96. The company had a trading volume of 1,542,749 shares, compared to its average volume of 1,354,088. The firm has a market capitalization of $21.85 billion, a P/E ratio of 10.38, a price-to-earnings-growth ratio of 2.39 and a beta of 1.40. Aercap Holdings N.V. has a one year low of $82.21 and a one year high of $119.25. 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 stock's 50-day moving average price is $111.54 and its 200 day moving average price is $102.50.

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

Aercap Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a yield of 0.92%. Aercap's payout ratio is 9.58%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AER shares. JPMorgan Chase & Co. increased their price objective on shares of Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Morgan Stanley increased their price target on shares of Aercap from $101.00 to $111.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Susquehanna boosted 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. UBS Group downgraded Aercap to an "underperform" rating in a research report on Friday, March 7th. Finally, Bank of America lifted their price target on Aercap from $105.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $119.25.

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.