Seven Eight Capital LP Sells 5,599 Shares of AerCap Holdings (NYSE:AER)

Seven Eight Capital LP reduced its position in AerCap Holdings (NYSE:AERFree Report) by 41.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,022 shares of the financial services provider’s stock after selling 5,599 shares during the quarter. Seven Eight Capital LP’s holdings in AerCap were worth $596,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Prudential PLC increased its holdings in AerCap by 25.6% in the 4th quarter. Prudential PLC now owns 15,171 shares of the financial services provider’s stock valued at $1,128,000 after buying an additional 3,089 shares during the period. Privium Fund Management UK Ltd bought a new position in AerCap in the 4th quarter valued at about $673,000. Stephens Inc. AR increased its holdings in AerCap by 30.6% in the 4th quarter. Stephens Inc. AR now owns 10,248 shares of the financial services provider’s stock valued at $762,000 after buying an additional 2,400 shares during the period. Aristides Capital LLC bought a new position in AerCap in the 4th quarter valued at about $2,230,000. Finally, Public Employees Retirement Association of Colorado increased its holdings in AerCap by 246.9% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 39,318 shares of the financial services provider’s stock valued at $2,922,000 after buying an additional 27,985 shares during the period. 96.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AER shares. Barclays raised their price target on shares of AerCap from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Morgan Stanley started coverage on shares of AerCap in a research note on Friday. They issued an “equal weight” rating and a $103.00 price target on the stock. Susquehanna raised their price target 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. TD Cowen raised their price target on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, BMO Capital Markets reduced their price target on shares of AerCap from $103.00 to $101.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $97.56.

View Our Latest Stock Analysis on AerCap

AerCap Stock Up 1.9 %

NYSE:AER opened at $92.07 on Tuesday. The firm’s 50 day simple moving average is $88.33 and its 200 day simple moving average is $80.77. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.26 and a quick ratio of 0.26. AerCap Holdings has a one year low of $57.30 and a one year high of $94.30. The company has a market cap of $18.22 billion, a PE ratio of 5.99, a P/E/G ratio of 4.03 and a beta of 1.85.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.98. The firm had revenue of $2.02 billion for 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 company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.34 EPS. On average, research analysts anticipate that AerCap Holdings will post 10.24 earnings per share for the current year.

AerCap Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Wednesday, May 22nd will be paid a $0.25 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $1.00 annualized dividend and a dividend yield of 1.09%. AerCap’s dividend payout ratio is currently 6.51%.

AerCap Profile

(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.

Further Reading

Institutional Ownership by Quarter for AerCap (NYSE:AER)

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