AerCap Holdings (NYSE:AER) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in shares of AerCap Holdings (NYSE:AERFree Report) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,317 shares of the financial services provider’s stock after buying an additional 1,607 shares during the quarter. Principal Financial Group Inc.’s holdings in AerCap were worth $1,584,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in shares of AerCap by 9.9% in the third quarter. Wellington Management Group LLP now owns 21,028,200 shares of the financial services provider’s stock valued at $1,317,837,000 after purchasing an additional 1,901,459 shares during the period. 59 North Capital Management LP increased its position in AerCap by 123.7% in the 3rd quarter. 59 North Capital Management LP now owns 2,872,302 shares of the financial services provider’s stock valued at $180,007,000 after acquiring an additional 1,588,196 shares during the period. Ninety One UK Ltd raised its stake in AerCap by 93.0% during the 4th quarter. Ninety One UK Ltd now owns 2,425,602 shares of the financial services provider’s stock valued at $180,271,000 after acquiring an additional 1,168,628 shares in the last quarter. Soros Fund Management LLC boosted its position in AerCap by 120.8% during the 3rd quarter. Soros Fund Management LLC now owns 1,857,644 shares of the financial services provider’s stock worth $116,419,000 after acquiring an additional 1,016,395 shares during the period. Finally, Goldentree Asset Management LP grew its stake in shares of AerCap by 105.6% in the third quarter. Goldentree Asset Management LP now owns 1,846,516 shares of the financial services provider’s stock worth $115,721,000 after purchasing an additional 948,299 shares in the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Susquehanna lifted their price objective on shares of AerCap from $90.00 to $100.00 and gave the company a “positive” rating in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of AerCap from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. BMO Capital Markets decreased their price objective on shares of AerCap from $103.00 to $101.00 and set an “outperform” rating for the company in a report on Monday, February 26th. TD Cowen boosted their target price on AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Finally, Barclays increased their price target on AerCap from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $96.88.

Read Our Latest Stock Analysis on AerCap

AerCap Price Performance

AER stock opened at $92.71 on Friday. AerCap Holdings has a one year low of $56.52 and a one year high of $93.71. The firm has a 50-day moving average of $87.72 and a two-hundred day moving average of $79.57. The firm has a market capitalization of $18.35 billion, a PE ratio of 6.03, a P/E/G ratio of 4.09 and a beta of 1.84. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 2.70.

AerCap (NYSE:AERGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $3.29 EPS for the quarter, beating the consensus estimate of $2.31 by $0.98. AerCap had a net margin of 42.78% and a return on equity of 15.29%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the firm earned $2.34 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. On average, analysts forecast that AerCap Holdings will post 10.26 earnings per share for the current year.

AerCap Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Wednesday, May 22nd will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, May 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.08%. AerCap’s dividend payout ratio is 6.51%.

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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Institutional Ownership by Quarter for AerCap (NYSE:AER)

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