Sumitomo Mitsui Trust Group Inc. Purchases 3,655 Shares of Aercap Holdings N.V. (NYSE:AER)

Sumitomo Mitsui Trust Group Inc. grew its position in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 0.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 404,425 shares of the financial services provider's stock after purchasing an additional 3,655 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.22% of Aercap worth $41,320,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AER. Norges Bank acquired a new stake in shares of Aercap during the fourth quarter valued at about $218,517,000. Alyeska Investment Group L.P. boosted its stake in shares of 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 valued at $144,105,000 after purchasing an additional 875,950 shares in the last quarter. TOMS Capital Investment Management LP lifted its stake in shares of Aercap by 118.8% in the fourth 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 period. Millennium Management LLC lifted its stake in shares of Aercap by 190.7% in the fourth 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 period. Finally, Northern Trust Corp lifted its stake in shares of Aercap by 90.9% in the fourth quarter. Northern Trust Corp now owns 1,396,937 shares of the financial services provider's stock worth $133,687,000 after acquiring an additional 664,990 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AER shares. Bank of America lifted their price objective on Aercap from $105.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Susquehanna lifted their price objective on Aercap from $120.00 to $130.00 and gave the stock a "positive" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. lifted their price objective on Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Morgan Stanley lifted their price objective on Aercap from $101.00 to $111.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. Finally, UBS Group lowered Aercap to an "underperform" rating in a research note on Friday, March 7th. One 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $119.25.

Aercap Trading Up 0.7%

AER stock traded up $0.84 during mid-day trading on Friday, reaching $115.89. The company's stock had a trading volume of 912,170 shares, compared to its average volume of 1,353,012. The company has a market cap of $21.65 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 2.36 and a beta of 1.38. The business's 50 day moving average price is $113.18 and its 200 day moving average price is $103.17. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 2.69. 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 issued its 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 the consensus estimate of $2.01 billion. Aercap had a return on equity of 13.84% and a net margin of 26.53%. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.29 earnings per share. On average, equities research analysts predict that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th were issued a dividend of $0.27 per share. The ex-dividend date was Wednesday, May 14th. This represents a $1.08 annualized dividend and a dividend yield of 0.93%. Aercap's dividend payout ratio is 9.58%.

Aercap 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.