Thrivent Financial for Lutherans Trims Holdings in AerCap Holdings (NYSE:AER)

Thrivent Financial for Lutherans trimmed its position in shares of AerCap Holdings (NYSE:AER) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,348 shares of the financial services provider’s stock after selling 130 shares during the period. Thrivent Financial for Lutherans’ holdings in AerCap were worth $222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. grew its holdings in AerCap by 176.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 753,267 shares of the financial services provider’s stock valued at $71,349,000 after buying an additional 480,551 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in AerCap by 182.3% during the second quarter. Point72 Asset Management L.P. now owns 663,587 shares of the financial services provider’s stock valued at $61,846,000 after buying an additional 428,487 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in AerCap by 3,568.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 427,756 shares of the financial services provider’s stock worth $40,517,000 after acquiring an additional 416,096 shares during the last quarter. Davidson Kempner Capital Management LP purchased a new stake in shares of AerCap during the 2nd quarter worth approximately $31,688,000. Finally, AGF Management Ltd. boosted its position in shares of AerCap by 35.4% during the 2nd quarter. AGF Management Ltd. now owns 1,068,447 shares of the financial services provider’s stock valued at $99,579,000 after acquiring an additional 279,561 shares during the last quarter. 96.42% of the stock is owned by institutional investors.

AerCap Trading Down 0.4 %

AER stock opened at $95.90 on Friday. AerCap Holdings has a twelve month low of $69.15 and a twelve month high of $100.81. The stock has a market capitalization of $18.98 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 2.19 and a beta of 1.82. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm’s fifty day simple moving average is $96.18 and its two-hundred day simple moving average is $94.25.

AerCap (NYSE:AER) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, meeting the consensus estimate of $2.41. The company had revenue of $1.95 billion for 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%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.81 EPS. As a group, analysts anticipate that AerCap Holdings will post 11.26 earnings per share for the current year.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.04%. AerCap’s payout ratio is 7.92%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AER shares. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price target on shares of AerCap in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $112.00.

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.