LPL Financial LLC Sells 9,939 Shares of Aercap Holdings N.V. (NYSE:AER)

Key Points

• LPL Financial LLC reduced its stake in Aercap Holdings N.V. by 14.9% in the first quarter, selling 9,939 shares and ending with 56,976 shares valued at $5,821,000.
• Several brokerages have raised their price targets for Aercap, with Barclays increasing it from $115.00 to $131.00, giving the stock an "overweight" rating.
• Aercap recently announced a quarterly dividend of $0.27 per share, representing a yield of 0.9%, with the ex-dividend date set for August 13th.

LPL Financial LLC decreased its position in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 14.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,976 shares of the financial services provider's stock after selling 9,939 shares during the period. LPL Financial LLC's holdings in Aercap were worth $5,821,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 59 North Capital Management LP boosted its holdings in shares of Aercap by 17.0% in the 4th quarter. 59 North Capital Management LP now owns 3,704,914 shares of the financial services provider's stock valued at $354,560,000 after buying an additional 538,703 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Aercap by 22.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,608,099 shares of the financial services provider's stock valued at $249,595,000 after purchasing an additional 485,999 shares during the period. Lord Abbett & CO. LLC boosted its stake in Aercap by 8.6% during the 4th quarter. Lord Abbett & CO. LLC now owns 2,271,769 shares of the financial services provider's stock valued at $217,408,000 after purchasing an additional 179,539 shares during the period. Ameriprise Financial Inc. boosted its stake in Aercap by 12.9% during the 4th quarter. Ameriprise Financial Inc. now owns 1,913,857 shares of the financial services provider's stock valued at $183,199,000 after purchasing an additional 218,930 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Aercap by 1.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,764,609 shares of the financial services provider's stock valued at $168,874,000 after purchasing an additional 22,156 shares during the period. Hedge funds and other institutional investors own 96.42% of the company's stock.

Wall Street Analyst Weigh In

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

Aercap Trading Down 0.8%

Shares of AER stock traded down $0.95 during trading hours on Thursday, reaching $112.82. 1,232,789 shares of the stock traded hands, compared to its average volume of 1,436,330. Aercap Holdings N.V. has a 1-year low of $85.57 and a 1-year high of $118.07. The business has a fifty day moving average price of $113.65 and a 200 day moving average price of $106.45. 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 capitalization of $21.07 billion, a PE ratio of 7.02, a PEG ratio of 2.28 and a beta of 1.44.

Aercap (NYSE:AER - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the business earned $3.01 earnings per share. The firm's revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts forecast that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Announces Dividend

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

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.