Allianz Asset Management GmbH Sells 34,819 Shares of AerCap Holdings (NYSE:AER)

Allianz Asset Management GmbH cut its stake in AerCap Holdings (NYSE:AERFree Report) by 23.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 112,131 shares of the financial services provider’s stock after selling 34,819 shares during the period. Allianz Asset Management GmbH owned approximately 0.05% of AerCap worth $8,334,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in shares of AerCap by 9.9% during the third quarter. Wellington Management Group LLP now owns 21,028,200 shares of the financial services provider’s stock worth $1,317,837,000 after buying an additional 1,901,459 shares during the period. Franklin Resources Inc. boosted its position in AerCap by 32.0% during the 4th quarter. Franklin Resources Inc. now owns 6,090,321 shares of the financial services provider’s stock worth $452,633,000 after acquiring an additional 1,476,236 shares during the last quarter. London Co. of Virginia grew its stake in shares of AerCap by 5.5% during the 3rd quarter. London Co. of Virginia now owns 4,128,103 shares of the financial services provider’s stock worth $258,708,000 after acquiring an additional 215,460 shares in the last quarter. Donald Smith & CO. Inc. raised its holdings in shares of AerCap by 5.5% in the fourth quarter. Donald Smith & CO. Inc. now owns 4,069,400 shares of the financial services provider’s stock valued at $302,438,000 after purchasing an additional 211,260 shares during the last quarter. Finally, 59 North Capital Management LP lifted its position in shares of AerCap by 123.7% in the third quarter. 59 North Capital Management LP now owns 2,872,302 shares of the financial services provider’s stock worth $180,007,000 after purchasing an additional 1,588,196 shares in the last quarter. Institutional investors own 96.42% of the company’s stock.

AerCap Trading Up 0.5 %

AER opened at $93.18 on Tuesday. The stock has a market capitalization of $18.44 billion, a price-to-earnings ratio of 6.06, a P/E/G ratio of 4.13 and a beta of 1.85. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 2.70. AerCap Holdings has a twelve month low of $57.17 and a twelve month high of $94.30. The company has a 50-day simple moving average of $87.72 and a 200 day simple moving average of $79.74.

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

AerCap Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 22nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Tuesday, May 21st. AerCap’s dividend payout ratio is presently 6.51%.

Analysts Set New Price Targets

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

View Our Latest Report on AerCap

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.

See Also

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Institutional Ownership by Quarter for AerCap (NYSE:AER)

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