Victory Capital Management Inc. Trims Holdings in Aercap Holdings N.V. (NYSE:AER)

Victory Capital Management Inc. decreased its holdings in Aercap Holdings N.V. (NYSE:AER - Free Report) by 44.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,242 shares of the financial services provider's stock after selling 62,173 shares during the quarter. Victory Capital Management Inc.'s holdings in Aercap were worth $7,994,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AER. Norges Bank purchased a new stake in Aercap in the 4th quarter valued at $218,517,000. Alyeska Investment Group L.P. increased its stake in Aercap by 139.1% in the 4th 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 buying an additional 875,950 shares during the period. TOMS Capital Investment Management LP increased its stake in Aercap by 118.8% in the 4th 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 buying an additional 759,000 shares during the period. Millennium Management LLC increased its stake in Aercap by 190.7% in the 4th quarter. Millennium Management LLC now owns 1,074,931 shares of the financial services provider's stock valued at $102,871,000 after buying an additional 705,212 shares during the period. Finally, Northern Trust Corp increased its stake in Aercap by 90.9% in the 4th quarter. Northern Trust Corp now owns 1,396,937 shares of the financial services provider's stock valued at $133,687,000 after buying an additional 664,990 shares during the period. Hedge funds and other institutional investors own 96.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AER shares. JPMorgan Chase & Co. boosted their price objective on shares of Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Susquehanna boosted their price objective 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. Morgan Stanley boosted their price objective on shares of Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Finally, Barclays boosted their price objective on shares of Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. One 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $122.38.

Aercap Stock Performance

NYSE:AER opened at $112.18 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 2.69. Aercap Holdings N.V. has a fifty-two week low of $82.21 and a fifty-two week high of $118.07. The stock has a market cap of $20.95 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 2.33 and a beta of 1.38. The firm's fifty day simple moving average is $114.66 and its 200-day simple moving average is $105.02.

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

Aercap Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Wednesday, May 14th were paid a $0.27 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a yield of 0.96%. 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.

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