Aercap Holdings N.V. $AER Shares Sold by Swedbank AB

Swedbank AB lessened its holdings in Aercap Holdings N.V. (NYSE:AER) by 4.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,880 shares of the financial services provider’s stock after selling 6,095 shares during the quarter. Swedbank AB’s holdings in Aercap were worth $16,308,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Mizuho Markets Cayman LP increased its holdings in shares of Aercap by 45,615.5% in the 3rd quarter. Mizuho Markets Cayman LP now owns 3,510,491 shares of the financial services provider’s stock valued at $424,769,000 after acquiring an additional 3,502,812 shares during the last quarter. Norges Bank purchased a new stake in Aercap during the fourth quarter worth approximately $352,172,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Aercap in the fourth quarter valued at approximately $282,665,000. L1 Capital International Pty Ltd boosted its holdings in Aercap by 344.2% in the fourth quarter. L1 Capital International Pty Ltd now owns 1,527,454 shares of the financial services provider’s stock valued at $219,587,000 after purchasing an additional 1,183,616 shares in the last quarter. Finally, Mawer Investment Management Ltd. increased its stake in Aercap by 56.3% in the fourth quarter. Mawer Investment Management Ltd. now owns 3,272,935 shares of the financial services provider’s stock valued at $470,517,000 after purchasing an additional 1,179,241 shares during the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.

Aercap Stock Up 1.3%

AER stock opened at $150.81 on Friday. The company has a market cap of $25.17 billion, a price-to-earnings ratio of 6.61, a price-to-earnings-growth ratio of 1.04 and a beta of 0.94. The company has a fifty day moving average price of $142.83 and a 200 day moving average price of $143.02. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24. Aercap Holdings N.V. has a 12 month low of $105.65 and a 12 month high of $155.99.

Aercap (NYSE:AER) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) for the quarter. The company had revenue of $2.30 billion for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. Sell-side analysts expect that Aercap Holdings N.V. will post 17.34 earnings per share for the current year.

Aercap announced that its board has authorized a share repurchase program on Wednesday, April 29th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Aercap Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Aercap’s dividend payout ratio (DPR) is currently 7.01%.

Analyst Ratings Changes

A number of analysts have weighed in on AER shares. Barclays raised their price objective on shares of Aercap from $164.00 to $179.00 and gave the stock an “overweight” rating in a report on Tuesday. TD Cowen increased their target price on shares of Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. lifted their price target on shares of Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Morgan Stanley reduced their price target on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $167.50.

Aercap Company Profile

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.