Aercap Holdings N.V. (NYSE:AER) Shares Sold by Mizuho Markets Americas LLC

Key Points

• Mizuho Markets Americas LLC reduced its stake in Aercap Holdings N.V. by 52.8%, now holding 58,356 shares worth approximately $5.96 million.
• Aercap reported $2.83 EPS for the last quarter, exceeding analysts' estimates, though its revenue was down 3.6% year-over-year.
• The company announced a quarterly dividend of $0.27 per share, with an ex-dividend date of August 13th, reflecting a 1.0% yield.

Mizuho Markets Americas LLC lessened its holdings in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 52.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 58,356 shares of the financial services provider's stock after selling 65,272 shares during the quarter. Mizuho Markets Americas LLC's holdings in Aercap were worth $5,962,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AER. Alyeska Investment Group L.P. increased its position in Aercap by 139.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,505,799 shares of the financial services provider's stock worth $144,105,000 after purchasing an additional 875,950 shares in the last quarter. TOMS Capital Investment Management LP increased its position in Aercap by 118.8% during the 4th quarter. TOMS Capital Investment Management LP now owns 1,398,000 shares of the financial services provider's stock worth $133,789,000 after purchasing an additional 759,000 shares in the last quarter. Millennium Management LLC increased its position in Aercap by 190.7% during the 4th quarter. Millennium Management LLC now owns 1,074,931 shares of the financial services provider's stock worth $102,871,000 after purchasing an additional 705,212 shares in the last quarter. JPMorgan Chase & Co. increased its position in Aercap by 43.7% during the 1st quarter. JPMorgan Chase & Co. now owns 2,298,552 shares of the financial services provider's stock worth $234,843,000 after purchasing an additional 699,520 shares in the last quarter. Finally, Northern Trust Corp increased its position in Aercap by 90.9% during the 4th quarter. Northern Trust Corp now owns 1,396,937 shares of the financial services provider's stock worth $133,687,000 after purchasing an additional 664,990 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AER shares. JPMorgan Chase & Co. increased their target price on shares of Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Susquehanna reissued a "positive" rating and set a $134.00 target price (up previously from $130.00) on shares of Aercap in a research report on Wednesday. Morgan Stanley upped their price target on Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Finally, Barclays upped their price target on Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $122.57.

Aercap Stock Down 1.1%

NYSE AER traded down $1.24 on Thursday, reaching $112.52. The company had a trading volume of 599,425 shares, compared to its average volume of 1,469,968. The firm has a market capitalization of $21.02 billion, a PE ratio of 7.00, a P/E/G ratio of 2.28 and a beta of 1.44. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a 50-day moving average of $113.71 and a 200-day moving average of $106.34. Aercap Holdings N.V. has a 1 year low of $85.57 and a 1 year high of $118.07.

Aercap (NYSE:AER - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $2.83 EPS for the quarter, beating the consensus estimate of $2.75 by $0.08. The company had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $2.03 billion. Aercap had a return on equity of 13.13% and a net margin of 36.93%. The business's revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.01 EPS. On average, equities research analysts anticipate that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap Dividend Announcement

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