Aercap Holdings N.V. (NYSE:AER) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its stake in Aercap Holdings N.V. (NYSE:AER - Free Report) by 6.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 446,831 shares of the financial services provider's stock after selling 29,237 shares during the period. New York State Common Retirement Fund owned 0.24% of Aercap worth $45,653,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AER. Ameriflex Group Inc. purchased a new position in shares of Aercap in the fourth quarter worth $27,000. Mather Group LLC. grew its position in Aercap by 230.1% during the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock valued at $31,000 after buying an additional 214 shares during the period. Pinpoint Asset Management Ltd acquired a new stake in shares of Aercap in the fourth quarter valued at about $35,000. Blue Trust Inc. grew its position in shares of Aercap by 42.2% in the first quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider's stock valued at $135,000 after purchasing an additional 391 shares during the period. Finally, Bessemer Group Inc. grew its position in shares of Aercap by 473.2% in the first quarter. Bessemer Group Inc. now owns 1,473 shares of the financial services provider's stock valued at $150,000 after purchasing an additional 1,216 shares during the period. 96.42% of the stock is currently owned by institutional investors.

Aercap Stock Up 0.0%

Shares of AER stock traded up $0.05 during trading on Wednesday, reaching $114.60. The company's stock had a trading volume of 968,955 shares, compared to its average volume of 1,343,970. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market capitalization of $21.41 billion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 2.33 and a beta of 1.38. The stock's 50-day moving average price is $114.54 and its 200 day moving average price is $104.21. Aercap Holdings N.V. has a 1-year low of $82.21 and a 1-year high of $118.07.

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 analysts' consensus estimates 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 net margin of 26.53% and a return on equity of 13.84%. The business's quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.29 earnings per share. On average, research analysts anticipate that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Wednesday, May 14th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Wednesday, May 14th. Aercap's dividend payout ratio (DPR) is currently 9.58%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Barclays raised their price target 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. Susquehanna boosted their price target on shares of Aercap from $120.00 to $130.00 and gave the company a "positive" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. boosted their price target 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, Morgan Stanley boosted their price target on shares of Aercap from $101.00 to $111.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $121.25.

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.