American Century Companies Inc. raised its stake in Aercap Holdings N.V. (NYSE:AER – Free Report) by 6.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 129,341 shares of the financial services provider’s stock after buying an additional 7,896 shares during the period. American Century Companies Inc. owned approximately 0.07% of Aercap worth $13,215,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Ameriflex Group Inc. bought a new position in shares of Aercap in the fourth quarter valued at $27,000. 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 valued at $31,000 after buying an additional 214 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Aercap by 42.2% in the first quarter. Blue Trust Inc. now owns 1,318 shares of the financial services provider’s stock valued at $135,000 after buying an additional 391 shares in the last quarter. Covestor Ltd increased its holdings in shares of Aercap by 9.6% in the first quarter. Covestor Ltd now owns 1,422 shares of the financial services provider’s stock valued at $145,000 after buying an additional 125 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Aercap by 473.2% in the first quarter. Bessemer Group Inc. now owns 1,473 shares of the financial services provider’s stock valued at $150,000 after buying an additional 1,216 shares in the last quarter. Institutional investors own 96.42% of the company’s stock.
Aercap Trading Up 0.9%
NYSE AER opened at $120.48 on Tuesday. Aercap Holdings N.V. has a 1-year low of $85.57 and a 1-year high of $120.55. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.57. The company has a market capitalization of $22.50 billion, a PE ratio of 7.49, a price-to-earnings-growth ratio of 2.39 and a beta of 1.44. The firm’s fifty day simple moving average is $113.72 and its 200-day simple moving average is $107.61.
Aercap Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Wednesday, August 13th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.9%. Aercap’s dividend payout ratio is 6.72%.
Wall Street Analyst Weigh In
AER has been the topic of several research reports. Morgan Stanley upped 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. JPMorgan Chase & Co. boosted their target price on shares of Aercap from $112.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Susquehanna boosted their target price on shares of Aercap from $130.00 to $134.00 and gave the company a “positive” rating in a research note on Wednesday, August 13th. Finally, Barclays boosted their target price on shares of Aercap from $115.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $122.57.
Check Out Our Latest Stock Analysis on AER
About Aercap
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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