Hsbc Holdings PLC Decreases Holdings in AerCap Holdings (NYSE:AER)

Hsbc Holdings PLC reduced its position in AerCap Holdings (NYSE:AER) by 7.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,291 shares of the financial services provider’s stock after selling 3,094 shares during the quarter. Hsbc Holdings PLC’s holdings in AerCap were worth $3,840,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Donald Smith & CO. Inc. grew its stake in AerCap by 0.3% during the 1st quarter. Donald Smith & CO. Inc. now owns 4,080,070 shares of the financial services provider’s stock worth $354,599,000 after buying an additional 10,670 shares during the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of AerCap during the fourth quarter worth about $137,412,000. TOMS Capital Investment Management LP acquired a new position in shares of AerCap during the fourth quarter valued at about $133,330,000. Castle Hook Partners LP purchased a new position in shares of AerCap in the 1st quarter valued at approximately $94,062,000. Finally, AGF Management Ltd. boosted its stake in AerCap by 35.4% in the 2nd quarter. AGF Management Ltd. now owns 1,068,447 shares of the financial services provider’s stock worth $99,579,000 after purchasing an additional 279,561 shares in the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Stock Performance

NYSE AER opened at $96.12 on Wednesday. AerCap Holdings has a fifty-two week low of $57.30 and a fifty-two week high of $98.79. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market capitalization of $19.03 billion, a P/E ratio of 6.25, a PEG ratio of 2.06 and a beta of 1.83. The stock has a 50-day simple moving average of $93.48 and a two-hundred day simple moving average of $90.75.

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

AerCap Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th were issued a $0.25 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. AerCap’s payout ratio is 6.51%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AER shares. Susquehanna raised their price target on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a report on Friday, August 2nd. Barclays raised their target price on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Morgan Stanley assumed coverage on AerCap in a research report on Friday, June 7th. They set an “equal weight” rating and a $103.00 price target for the company. Finally, TD Cowen reissued a “buy” rating and issued a $125.00 price objective on shares of AerCap in a report on Monday, July 29th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, AerCap presently has a consensus rating of “Moderate Buy” and an average price target of $102.38.

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.