Sumitomo Mitsui Trust Group Inc. Has $54.08 Million Holdings in Aercap Holdings N.V. $AER

Key Points

• Sumitomo Mitsui Trust Group trimmed its Aercap stake by 7.8% in Q4, selling 31,612 shares and now holds 376,159 shares valued at about $54.08 million (roughly 0.20% of the company).
• Aercap topped expectations for the quarter with EPS of $3.95 (vs. $3.31 est.) and revenue of $2.36 billion (vs. $2.07B est.), delivering a 44.04% net margin and 15.11% ROE; analysts forecast ~$11.29 in EPS for the fiscal year.
• The company raised its quarterly dividend to $0.40 ($1.60 annualized, ~1.1% yield, 7.5% payout ratio), and analysts hold a consensus "Moderate Buy" with a $153.38 target amid several recent price-target upgrades.

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 376,159 shares of the financial services provider's stock after selling 31,612 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.20% of Aercap worth $54,077,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in Aercap during the 3rd quarter valued at about $26,000. Harbor Capital Advisors Inc. acquired a new position in Aercap during the 4th quarter valued at about $27,000. Advisory Services Network LLC acquired a new position in Aercap during the 3rd quarter valued at about $35,000. Geneos Wealth Management Inc. lifted its position in Aercap by 26.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 94 shares during the period. Finally, GAMMA Investing LLC lifted its position in Aercap by 36.5% during the 4th quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 96 shares during the period. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Aercap Stock Performance

Shares of AER stock opened at $147.44 on Thursday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market capitalization of $24.61 billion, a P/E ratio of 6.91, a price-to-earnings-growth ratio of 1.31 and a beta of 0.99. The company's 50 day moving average price is $142.71 and its two-hundred day moving average price is $138.03. Aercap Holdings N.V. has a 52 week low of $93.28 and a 52 week high of $154.94.

Aercap (NYSE:AER - Get Free Report) last announced its earnings results on Saturday, February 7th. The financial services provider reported $3.95 EPS for the quarter, topping the consensus estimate of $3.31 by $0.64. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.07 billion. Aercap had a net margin of 44.04% and a return on equity of 15.11%. The business's quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company posted $3.31 EPS. On average, analysts expect that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.40 per share. This is an increase from Aercap's previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, February 25th. This represents a $1.60 annualized dividend and a yield of 1.1%. Aercap's dividend payout ratio is 7.50%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays increased their price target on shares of Aercap from $144.00 to $162.00 and gave the company an "overweight" rating in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft set a $175.00 price target on shares of Aercap and gave the company a "buy" rating in a research report on Tuesday, February 10th. TD Cowen reiterated a "buy" rating on shares of Aercap in a research report on Monday, March 16th. Zacks Research downgraded shares of Aercap from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 30th. Finally, Morgan Stanley increased their price target on shares of Aercap from $150.00 to $160.00 and gave the company an "equal weight" rating in a research report on Monday, March 2nd. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Aercap currently has a consensus rating of "Moderate Buy" and a consensus target price of $153.38.

Aercap Profile

AerCap Holdings N.V. NYSE: AER is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.

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