The Manufacturers Life Insurance Company Trims Stake in AerCap Holdings (NYSE:AER)

The Manufacturers Life Insurance Company cut its position in shares of AerCap Holdings (NYSE:AER) by 6.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,411 shares of the financial services provider’s stock after selling 5,020 shares during the period. The Manufacturers Life Insurance Company’s holdings in AerCap were worth $6,575,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in AerCap by 89.9% in the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 134 shares during the last quarter. Mather Group LLC. boosted its holdings in AerCap by 230.1% during the 2nd quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 214 shares during the period. Truvestments Capital LLC bought a new position in AerCap in the 3rd quarter valued at $35,000. UMB Bank n.a. increased its stake in AerCap by 35.5% in the third quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 174 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in shares of AerCap by 15.3% during the third quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 108 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors.

AerCap Trading Down 2.4 %

NYSE:AER opened at $96.25 on Friday. The firm has a 50-day simple moving average of $96.17 and a 200-day simple moving average of $94.23. AerCap Holdings has a one year low of $68.75 and a one year high of $100.81. The firm has a market cap of $19.05 billion, a P/E ratio of 7.63, a P/E/G ratio of 2.19 and a beta of 1.82. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67.

AerCap (NYSE:AER) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, hitting analysts’ consensus estimates of $2.41. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. AerCap’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.81 earnings per share. Equities analysts anticipate that AerCap Holdings will post 11.26 EPS for the current fiscal year.

AerCap Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Wednesday, November 13th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. AerCap’s payout ratio is 7.92%.

Analysts Set New Price Targets

AER has been the topic of a number of research analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price target on shares of AerCap in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $112.00.

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.