American Century Companies Inc. Decreases Stock Position in AerCap Holdings (NYSE:AER)

American Century Companies Inc. cut its holdings in AerCap Holdings (NYSE:AER) by 14.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,236 shares of the financial services provider’s stock after selling 17,835 shares during the period. American Century Companies Inc. owned about 0.05% of AerCap worth $10,088,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AER. Blue Trust Inc. boosted its position in shares of AerCap by 89.9% in the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock worth $25,000 after buying an additional 134 shares in the last quarter. Trust Co. of Vermont purchased a new stake in shares of AerCap in the 4th quarter worth about $27,000. Mather Group LLC. boosted its position in shares of AerCap by 230.1% in the 2nd quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock worth $27,000 after buying an additional 214 shares in the last quarter. Assetmark Inc. purchased a new stake in shares of AerCap in the 4th quarter worth about $42,000. Finally, CVA Family Office LLC purchased a new position in AerCap in the 1st quarter valued at about $52,000. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AER has been the topic of a number of recent research reports. Morgan Stanley initiated coverage on shares of AerCap in a report on Friday, June 7th. They issued an “equal weight” rating and a $103.00 target price on the stock. TD Cowen restated a “buy” rating and issued a $125.00 target price on shares of AerCap in a report on Monday, July 29th. Susquehanna upped their target price on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a report on Friday, August 2nd. Finally, Barclays upped their target price on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.38.

AerCap Trading Down 1.3 %

Shares of AER stock opened at $97.02 on Monday. The firm has a market cap of $19.20 billion, a P/E ratio of 6.31, a PEG ratio of 2.06 and a beta of 1.83. AerCap Holdings has a 1-year low of $57.30 and a 1-year high of $98.79. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.29 and a quick ratio of 0.29. The firm’s 50-day simple moving average is $93.52 and its 200-day simple moving average is $90.55.

AerCap (NYSE:AER) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $3.01 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.60. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.89 billion. AerCap had a net margin of 42.02% and a return on equity of 15.12%. The company’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.56 EPS. As a group, equities analysts forecast that AerCap Holdings will post 11.33 EPS for the current year.

AerCap Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Wednesday, August 14th. AerCap’s dividend payout ratio (DPR) is presently 6.51%.

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.