KBC Group NV Raises Stake in Aercap Holdings N.V. (NYSE:AER)

KBC Group NV raised its stake in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 898,608 shares of the financial services provider's stock after purchasing an additional 64,156 shares during the quarter. KBC Group NV owned 0.48% of Aercap worth $91,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its position in Aercap by 0.9% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 404,425 shares of the financial services provider's stock worth $41,320,000 after acquiring an additional 3,655 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Aercap by 9.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,996 shares of the financial services provider's stock worth $1,123,000 after purchasing an additional 978 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new position in shares of Aercap in the 1st quarter worth about $4,920,000. Robeco Institutional Asset Management B.V. increased its position in shares of Aercap by 15.1% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 121,325 shares of the financial services provider's stock valued at $12,396,000 after purchasing an additional 15,872 shares during the last quarter. Finally, Generate Investment Management Ltd purchased a new position in shares of Aercap during the 1st quarter valued at about $4,939,000. Institutional investors own 96.42% of the company's stock.

Aercap Trading Down 0.5%

Shares of AER stock traded down $0.57 during trading hours on Wednesday, reaching $115.01. The company's stock had a trading volume of 1,303,607 shares, compared to its average volume of 1,351,646. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 2.69. The stock has a market capitalization of $21.48 billion, a P/E ratio of 10.20, a P/E/G ratio of 2.38 and a beta of 1.38. The firm's fifty day simple moving average is $112.36 and its 200 day simple moving average is $102.73. Aercap Holdings N.V. has a one year low of $82.21 and a one year high of $118.07.

Aercap (NYSE:AER - Get Free Report) last released its quarterly earnings results 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. Aercap had a net margin of 26.53% and a return on equity of 13.84%. The business had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter in the previous year, the business posted $3.29 earnings per share. The firm's revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts expect that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Wednesday, May 14th. Aercap's dividend payout ratio is currently 9.58%.

Wall Street Analyst Weigh In

Several research firms have commented on AER. JPMorgan Chase & Co. lifted their price target 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. Morgan Stanley increased their target price 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. UBS Group lowered shares of Aercap to an "underperform" rating in a research report on Friday, March 7th. Susquehanna lifted 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. Finally, Bank of America increased their target price on Aercap from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Aercap has a consensus rating of "Moderate Buy" and a consensus price target 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.