Sage Rhino Capital LLC Sells 2,606 Shares of Aercap Holdings N.V. (NYSE:AER)

Sage Rhino Capital LLC reduced its stake in Aercap Holdings N.V. (NYSE:AER - Free Report) by 34.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 4,932 shares of the financial services provider's stock after selling 2,606 shares during the quarter. Sage Rhino Capital LLC's holdings in Aercap were worth $504,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Aercap during the 4th quarter valued at $218,517,000. Alyeska Investment Group L.P. grew its position in Aercap by 139.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,505,799 shares of the financial services provider's stock worth $144,105,000 after buying an additional 875,950 shares in the last quarter. TOMS Capital Investment Management LP increased its stake in Aercap by 118.8% in 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 acquiring an additional 759,000 shares during the last quarter. Millennium Management LLC increased its stake in Aercap by 190.7% in the 4th quarter. Millennium Management LLC now owns 1,074,931 shares of the financial services provider's stock worth $102,871,000 after acquiring an additional 705,212 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Aercap by 90.9% in the 4th quarter. Northern Trust Corp now owns 1,396,937 shares of the financial services provider's stock valued at $133,687,000 after acquiring an additional 664,990 shares in the last quarter. 96.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on AER shares. Morgan Stanley upped their price objective on shares of Aercap from $101.00 to $111.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Susquehanna increased their price target on shares of Aercap from $120.00 to $130.00 and gave the stock a "positive" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. lifted their price objective on shares of Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Barclays upped their target price on shares of Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Aercap presently has an average rating of "Moderate Buy" and an average price target of $121.25.

Aercap Stock Performance

Shares of AER stock traded up $0.68 during trading hours on Monday, reaching $115.20. 1,400,861 shares of the company traded hands, compared to its average volume of 1,490,616. The firm has a 50-day moving average price of $114.12 and a 200 day moving average price of $103.93. The company has a market cap of $21.52 billion, a P/E ratio of 10.22, a P/E/G ratio of 2.33 and a beta of 1.38. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.21 and a quick ratio of 0.21. Aercap Holdings N.V. has a 12-month low of $82.21 and a 12-month high of $118.07.

Aercap (NYSE:AER - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $0.99. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates 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 prior year, the business posted $3.29 earnings per share. As a group, sell-side analysts predict that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Wednesday, May 14th were given a dividend of $0.27 per share. 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%.

About Aercap

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.