Townsend & Associates Inc Sells 28,175 Shares of Aercap Holdings N.V. (NYSE:AER)

Townsend & Associates Inc lessened its stake in Aercap Holdings N.V. (NYSE:AER - Free Report) by 15.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 158,042 shares of the financial services provider's stock after selling 28,175 shares during the quarter. Aercap makes up about 1.5% of Townsend & Associates Inc's investment portfolio, making the stock its 28th largest position. Townsend & Associates Inc owned about 0.08% of Aercap worth $14,935,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in Aercap by 1.0% in the 4th quarter. Bank of New York Mellon Corp now owns 446,303 shares of the financial services provider's stock worth $42,711,000 after purchasing an additional 4,222 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in Aercap by 11.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 18,664 shares of the financial services provider's stock worth $1,786,000 after acquiring an additional 1,900 shares during the last quarter. Lyrical Asset Management LP raised its holdings in shares of Aercap by 1.3% during the 4th quarter. Lyrical Asset Management LP now owns 3,097,840 shares of the financial services provider's stock worth $296,463,000 after acquiring an additional 38,264 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Aercap during the 1st quarter worth approximately $203,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Aercap by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 234,487 shares of the financial services provider's stock valued at $22,440,000 after acquiring an additional 3,542 shares during the last quarter. Institutional investors own 96.42% of the company's stock.

Analyst Upgrades and Downgrades

AER has been the topic of a number of recent research reports. Susquehanna upped their price target on shares of Aercap from $120.00 to $130.00 and gave the company a "positive" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. raised their price target on Aercap from $112.00 to $114.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Bank of America lifted their price objective on shares of Aercap from $105.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. UBS Group downgraded shares of Aercap to an "underperform" rating in a research note on Friday, March 7th. Finally, Morgan Stanley lifted their price target on shares of Aercap from $101.00 to $111.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $119.25.

Aercap Trading Down 1.4%

Shares of AER traded down $1.58 during trading hours on Tuesday, reaching $115.42. 1,246,420 shares of the company traded hands, compared to its average volume of 1,351,839. The stock's fifty day moving average price is $112.36 and its 200 day moving average price is $102.73. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 2.69. The firm has a market cap of $21.56 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 2.38 and a beta of 1.38. 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 announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share for the quarter, beating analysts' consensus estimates of $2.69 by $0.99. The company 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 firm's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $3.29 EPS. Sell-side analysts forecast that Aercap Holdings N.V. will post 11.29 earnings per share for the current year.

Aercap Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Wednesday, May 14th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.94%. Aercap's payout ratio is 9.58%.

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.