AerCap Holdings (NYSE:AER) Stock Holdings Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in AerCap Holdings (NYSE:AER) by 20.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,534 shares of the financial services provider’s stock after selling 4,114 shares during the quarter. Principal Financial Group Inc.’s holdings in AerCap were worth $1,471,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of AER. River Road Asset Management LLC acquired a new stake in AerCap in the third quarter worth about $3,722,000. National Pension Service raised its position in shares of AerCap by 77.7% during the 3rd quarter. National Pension Service now owns 559,846 shares of the financial services provider’s stock worth $53,029,000 after buying an additional 244,766 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of AerCap by 3.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 422,775 shares of the financial services provider’s stock worth $40,045,000 after acquiring an additional 13,426 shares during the period. Americana Partners LLC boosted its holdings in shares of AerCap by 29.3% in the third quarter. Americana Partners LLC now owns 14,710 shares of the financial services provider’s stock valued at $1,393,000 after acquiring an additional 3,336 shares in the last quarter. Finally, Donald Smith & CO. Inc. increased its stake in shares of AerCap by 0.7% during the third quarter. Donald Smith & CO. Inc. now owns 3,525,307 shares of the financial services provider’s stock valued at $333,917,000 after acquiring an additional 23,994 shares during the period. Institutional investors own 96.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 target price on shares of AerCap in a research report on Thursday. TD Cowen reaffirmed a “buy” rating and set a $125.00 target price on shares of AerCap in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their target price on AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Barclays upped their price target on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Susquehanna lifted their price objective on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.00.

AerCap Trading Up 0.3 %

Shares of AER opened at $98.03 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a 1-year low of $66.34 and a 1-year high of $99.68. The stock has a market capitalization of $19.40 billion, a P/E ratio of 7.77, a P/E/G ratio of 2.20 and a beta of 1.83. The business’s 50-day moving average price is $95.62 and its 200 day moving average price is $93.73.

AerCap (NYSE:AER) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the business earned $2.81 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. Analysts expect that AerCap Holdings will post 11.26 earnings per share for the current year.

AerCap Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. AerCap’s payout ratio is presently 7.92%.

AerCap Company Profile

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.