Tran Capital Management L.P. Sells 414,165 Shares of AerCap Holdings (NYSE:AER)

Tran Capital Management L.P. trimmed its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 84.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 77,015 shares of the financial services provider's stock after selling 414,165 shares during the period. AerCap makes up about 1.1% of Tran Capital Management L.P.'s investment portfolio, making the stock its 29th largest holding. Tran Capital Management L.P.'s holdings in AerCap were worth $7,869,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriflex Group Inc. purchased a new position in shares of AerCap in the 4th quarter worth $27,000. Pinpoint Asset Management Ltd purchased a new position in shares of AerCap in the 4th quarter worth $35,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of AerCap by 110.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,740 shares of the financial services provider's stock worth $167,000 after buying an additional 914 shares during the last quarter. CoreCap Advisors LLC boosted its stake in shares of AerCap by 104.3% in the 4th quarter. CoreCap Advisors LLC now owns 1,949 shares of the financial services provider's stock worth $187,000 after buying an additional 995 shares during the last quarter. Finally, OLD National Bancorp IN purchased a new position in shares of AerCap in the 1st quarter worth $206,000. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

AerCap Price Performance

NYSE:AER traded down $0.56 on Friday, reaching $115.69. 1,268,077 shares of the company's stock traded hands, compared to its average volume of 1,379,305. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The stock has a 50-day simple moving average of $107.34 and a 200-day simple moving average of $101.19. The firm has a market cap of $21.61 billion, a PE ratio of 9.17, a P/E/G ratio of 2.22 and a beta of 1.39. AerCap Holdings has a 12 month low of $82.21 and a 12 month high of $118.07.

AerCap (NYSE:AER - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 EPS for the quarter, beating analysts' consensus estimates of $2.69 by $0.99. The business had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.01 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business's quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $3.29 earnings per share. Equities research analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a yield of 0.93%. AerCap's dividend payout ratio is presently 9.58%.

AerCap announced that its board has approved a share buyback plan on Wednesday, February 26th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 4.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AER. UBS Group downgraded AerCap to an "underperform" rating in a research note on Friday, March 7th. 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 note on Thursday, May 1st. Bank of America lifted their target price on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Susquehanna lifted their target price on AerCap from $120.00 to $130.00 and gave the company a "positive" rating in a research report on Tuesday, May 13th. Finally, Morgan Stanley lifted their target price on AerCap from $101.00 to $111.00 and gave the company an "equal weight" 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 seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $119.25.

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.