Aercap Holdings N.V. (NYSE:AER) Position Cut by Todd Asset Management LLC

Key Points

• Todd Asset Management LLC reduced its stake in Aercap Holdings N.V. by 0.8% in Q1, holding 519,889 shares valued at approximately $53.1 million.
• Barclays raised its price target for Aercap from $115 to $131, indicating an "overweight" rating, while Morgan Stanley also increased its target from $111 to $120.
• Aercap has announced a quarterly dividend of $0.27 per share, which will be paid on September 4th, representing an annual yield of 1.0%.

Todd Asset Management LLC trimmed its holdings in Aercap Holdings N.V. (NYSE:AER - Free Report) by 0.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 519,889 shares of the financial services provider's stock after selling 4,089 shares during the period. Aercap accounts for approximately 1.2% of Todd Asset Management LLC's portfolio, making the stock its 20th largest position. Todd Asset Management LLC owned about 0.28% of Aercap worth $53,117,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameriflex Group Inc. purchased a new stake in shares of Aercap in the fourth quarter valued at about $27,000. Mather Group LLC. boosted its holdings in shares of Aercap by 230.1% in the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 214 shares in the last quarter. Blue Trust Inc. boosted its holdings 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 acquiring an additional 391 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Aercap by 9.6% in the first quarter. Covestor Ltd now owns 1,422 shares of the financial services provider's stock valued at $145,000 after acquiring an additional 125 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings 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 acquiring an additional 1,216 shares in the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.

Aercap Trading Down 0.8%

AER stock traded down $0.95 during trading on Thursday, reaching $112.82. 1,232,789 shares of the stock traded hands, compared to its average volume of 1,474,426. The business's 50 day moving average price is $113.71 and its 200-day moving average price is $106.34. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.44 and a quick ratio of 0.44. Aercap Holdings N.V. has a 52-week low of $85.57 and a 52-week high of $118.07. The firm has a market capitalization of $21.07 billion, a PE ratio of 7.02, a P/E/G ratio of 2.28 and a beta of 1.44.

Aercap (NYSE:AER - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $2.83 EPS for the quarter, beating the consensus estimate of $2.75 by $0.08. Aercap had a return on equity of 13.13% and a net margin of 36.93%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company posted $3.01 earnings per share. The firm's revenue was down 3.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Aercap Holdings N.V. will post 11.29 earnings per share for the current year.

Aercap Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Wednesday, August 13th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, August 13th. Aercap's dividend payout ratio is presently 6.72%.

Analyst Upgrades and Downgrades

AER has been the subject of several recent analyst reports. Susquehanna reiterated a "positive" rating and issued a $134.00 price objective (up previously from $130.00) on shares of Aercap in a research note on Wednesday. Barclays increased their target price on Aercap from $115.00 to $131.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Morgan Stanley increased their target price on Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. increased their target price on Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $122.57.

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.