Wellington Management Group LLP lowered its stake in Aercap Holdings N.V. (NYSE:AER - Free Report) by 0.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,134,717 shares of the financial services provider's stock after selling 43,986 shares during the quarter. Wellington Management Group LLP owned 4.36% of Aercap worth $831,124,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AER. Ameriflex Group Inc. bought a new stake in Aercap in the fourth quarter valued at approximately $27,000. Mather Group LLC. raised its holdings in shares of Aercap by 230.1% during the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 214 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Aercap during the first quarter valued at approximately $64,000. Blue Trust Inc. raised its holdings in shares of Aercap by 42.2% during the first quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider's stock valued at $135,000 after acquiring an additional 391 shares in the last quarter. Finally, Covestor Ltd raised its holdings in shares of Aercap by 9.6% during the first quarter. Covestor Ltd now owns 1,422 shares of the financial services provider's stock valued at $145,000 after acquiring an additional 125 shares in the last quarter. Institutional investors own 96.42% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. Barclays upped their target price on Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. upped their target price on Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Susquehanna restated a "positive" rating and set a $134.00 target price (up previously from $130.00) on shares of Aercap in a report on Wednesday, August 13th. Finally, Morgan Stanley upped their target price on Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Aercap has a consensus rating of "Moderate Buy" and a consensus price target of $122.57.
View Our Latest Research Report on Aercap
Aercap Price Performance
Shares of AER stock opened at $114.59 on Tuesday. The stock has a market cap of $21.40 billion, a price-to-earnings ratio of 7.13, a PEG ratio of 2.26 and a beta of 1.44. The business's fifty day moving average is $113.55 and its 200 day moving average is $106.86. Aercap Holdings N.V. has a twelve month low of $85.57 and a twelve month high of $118.07. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.57.
Aercap (NYSE:AER - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.08. Aercap had a return on equity of 13.13% and a net margin of 36.93%. The company had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the prior year, the firm earned $3.01 earnings per share. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. Research analysts expect that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.
Aercap Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Wednesday, August 13th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 13th. Aercap's dividend payout ratio is currently 6.72%.
About Aercap
(
Free Report)
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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