Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Position in Aercap Holdings N.V. (NYSE:AER)

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Aercap Holdings N.V. by 1.7%, owning approximately 142,299 shares valued at $14.54 million as of its latest SEC filing.
• Aercap reported an EPS of $3.68 for its quarterly earnings, surpassing analysts' estimates of $2.69, with a revenue of $2.08 billion.
• The company recently declared a quarterly dividend of $0.27 per share, reflecting an annualized dividend yield of 0.96%.

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 142,299 shares of the financial services provider's stock after buying an additional 2,419 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.08% of Aercap worth $14,539,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in shares of Aercap by 1.8% in the first quarter. Signaturefd LLC now owns 5,819 shares of the financial services provider's stock worth $595,000 after buying an additional 102 shares during the period. Allworth Financial LP increased its holdings in shares of Aercap by 8.0% in the first quarter. Allworth Financial LP now owns 1,566 shares of the financial services provider's stock worth $160,000 after buying an additional 116 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Aercap by 0.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 24,096 shares of the financial services provider's stock worth $2,301,000 after buying an additional 209 shares during the period. Mather Group LLC. increased its holdings in shares of Aercap by 230.1% in the first quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock worth $31,000 after buying an additional 214 shares during the period. Finally, Winthrop Capital Management LLC increased its holdings in shares of Aercap by 4.9% in the first quarter. Winthrop Capital Management LLC now owns 4,602 shares of the financial services provider's stock worth $470,000 after buying an additional 216 shares during the period. Institutional investors own 96.42% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on AER shares. Barclays boosted their price target on Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Susquehanna boosted their price target on Aercap from $120.00 to $130.00 and gave the company a "positive" rating in a report on Tuesday, May 13th. Morgan Stanley boosted their price target on Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. boosted 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 six have given a buy rating to the company. According to data from MarketBeat.com, Aercap has a consensus rating of "Moderate Buy" and an average target price of $122.00.

Aercap Stock Up 1.1%

Shares of AER traded up $1.23 during mid-day trading on Friday, reaching $108.48. The company had a trading volume of 1,952,532 shares, compared to its average volume of 1,224,810. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.21 and a current ratio of 0.44. The firm has a 50-day moving average price of $114.37 and a 200 day moving average price of $105.58. Aercap Holdings N.V. has a 52 week low of $82.21 and a 52 week high of $118.07. The company has a market capitalization of $20.26 billion, a price-to-earnings ratio of 6.75, a price-to-earnings-growth ratio of 2.43 and a beta of 1.44.

Aercap (NYSE:AER - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $2.83 EPS for the quarter, topping analysts' consensus estimates of $2.75 by $0.08. Aercap had a return on equity of 13.13% and a net margin of 36.93%. The firm had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the previous year, the firm posted $3.01 EPS. The business's revenue for the quarter was down 3.6% compared to the same quarter last year. On average, sell-side analysts forecast that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Wednesday, August 13th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, August 13th. Aercap's payout ratio is presently 6.72%.

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.