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

Townsend & Associates Inc reduced its position in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 15.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,042 shares of the financial services provider's stock after selling 28,175 shares during the quarter. Aercap accounts for 1.5% of Townsend & Associates Inc's investment portfolio, making the stock its 28th biggest holding. Townsend & Associates Inc owned about 0.08% of Aercap worth $14,935,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Ameriflex Group Inc. acquired a new position in Aercap during the fourth quarter valued at $27,000. Pinpoint Asset Management Ltd acquired a new position in shares of Aercap in the 4th quarter valued at about $35,000. Blue Trust Inc. increased its holdings in shares of Aercap by 42.2% in the 1st quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider's stock valued at $135,000 after purchasing an additional 391 shares during the period. Bessemer Group Inc. lifted its position 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 worth $150,000 after purchasing an additional 1,216 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Aercap by 110.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,740 shares of the financial services provider's stock worth $167,000 after purchasing an additional 914 shares during the period. Hedge funds and other institutional investors own 96.42% of the company's stock.

Aercap Stock Performance

AER traded up $0.84 on Thursday, hitting $115.89. The company had a trading volume of 912,170 shares, compared to its average volume of 1,348,001. The stock 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 company has a debt-to-equity ratio of 2.69, a current ratio of 0.21 and a quick ratio of 0.21. The company's fifty day moving average price is $112.66 and its 200 day moving average price is $102.82. Aercap Holdings N.V. has a 1-year low of $82.21 and a 1-year high of $118.07.

Aercap (NYSE:AER - Get Free Report) last issued its quarterly earnings data 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. Aercap had a net margin of 26.53% and a return on equity of 13.84%. The business had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the previous year, the company earned $3.29 earnings per share. Aercap's revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts predict that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.