Oppenheimer Asset Management Inc. Sells 8,779 Shares of Aercap Holdings N.V. (NYSE:AER)

Oppenheimer Asset Management Inc. reduced its holdings in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 26.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,208 shares of the financial services provider's stock after selling 8,779 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Aercap were worth $2,473,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Rhumbline Advisers grew its holdings in shares of Aercap by 4.5% in the 4th quarter. Rhumbline Advisers now owns 51,349 shares of the financial services provider's stock valued at $4,914,000 after acquiring an additional 2,196 shares in the last quarter. Principal Financial Group Inc. boosted its position in Aercap by 2.1% during 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 purchasing an additional 323 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in Aercap by 5.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 5,547 shares of the financial services provider's stock valued at $531,000 after purchasing an additional 306 shares in the last quarter. Ieq Capital LLC grew its stake in Aercap by 19.7% in the fourth quarter. Ieq Capital LLC now owns 2,830 shares of the financial services provider's stock valued at $271,000 after purchasing an additional 466 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of Aercap by 3.5% during the 4th quarter. Handelsbanken Fonder AB now owns 14,484 shares of the financial services provider's stock worth $1,386,000 after purchasing an additional 493 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Aercap Price Performance

Shares of NYSE:AER traded up $1.62 during midday trading on Friday, hitting $117.35. The stock had a trading volume of 1,112,681 shares, compared to its average volume of 1,351,766. The company's 50-day moving average price is $111.14 and its 200-day moving average price is $102.26. Aercap Holdings N.V. has a fifty-two week low of $82.21 and a fifty-two week high of $118.07. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 2.69. The company has a market capitalization of $21.92 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 2.34 and a beta of 1.39.

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

Aercap Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Wednesday, May 14th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Wednesday, May 14th. Aercap's dividend payout ratio (DPR) is presently 9.58%.

Wall Street Analysts Forecast Growth

AER has been the subject of several analyst reports. JPMorgan Chase & Co. raised 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. Bank of America upped their target price on shares of Aercap from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, March 7th. Susquehanna boosted their price target on Aercap from $120.00 to $130.00 and gave the stock a "positive" rating in a research report on Tuesday, May 13th. Barclays restated an "overweight" rating and issued a $115.00 price objective (up previously from $113.00) on shares of Aercap in a research note on Thursday, February 27th. Finally, Morgan Stanley boosted their target price on Aercap from $101.00 to $111.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. One investment 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.com, the stock currently 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.