Tran Capital Management L.P. Trims Holdings in AerCap Holdings (NYSE:AER)

Tran Capital Management L.P. lowered its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 84.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,015 shares of the financial services provider's stock after selling 414,165 shares during the quarter. AerCap accounts for about 1.1% of Tran Capital Management L.P.'s portfolio, making the stock its 29th biggest position. Tran Capital Management L.P.'s holdings in AerCap were worth $7,869,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in AerCap in the fourth quarter valued at approximately $218,517,000. Alyeska Investment Group L.P. grew its stake in AerCap by 139.1% in 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 grew its stake in 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 valued at $133,789,000 after purchasing an additional 759,000 shares in the last quarter. Millennium Management LLC boosted its stake in shares of AerCap by 190.7% during the 4th 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 boosted its stake in shares of AerCap by 90.9% during the 4th 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. Institutional investors and hedge funds own 96.42% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on AER. Barclays reiterated an "overweight" rating and set a $115.00 target price (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Bank of America lifted their price objective on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, March 7th. UBS Group cut AerCap to an "underperform" rating in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their price target on AerCap from $112.00 to $114.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Susquehanna boosted their price target on AerCap from $120.00 to $130.00 and gave the stock a "positive" rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, AerCap has an average rating of "Moderate Buy" and an average target price of $119.25.

AerCap Trading Down 0.8%

Shares of AerCap stock traded down $0.90 on Thursday, hitting $116.22. 1,082,035 shares of the company's stock traded hands, compared to its average volume of 1,381,437. The company has a fifty day moving average of $106.80 and a two-hundred day moving average of $101.06. The company has a market capitalization of $21.71 billion, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 2.22 and a beta of 1.39. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. AerCap Holdings has a one year low of $82.21 and a one 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 EPS for the quarter, topping the consensus estimate of $2.69 by $0.99. The firm 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 13.98% and a net margin of 32.38%. The company's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $3.29 earnings per share. As a group, sell-side analysts expect that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap Announces Dividend

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

AerCap announced that its board has initiated a stock buyback plan on Wednesday, February 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

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.