Victory Capital Management Inc. Sells 483 Shares of AerCap Holdings (NYSE:AER)

Victory Capital Management Inc. lowered its stake in shares of AerCap Holdings (NYSE:AER) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,324 shares of the financial services provider’s stock after selling 483 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of AerCap worth $12,439,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its position in shares of AerCap by 31.1% during the first quarter. Janus Henderson Group PLC now owns 142,539 shares of the financial services provider’s stock worth $12,382,000 after purchasing an additional 33,852 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of AerCap by 2.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,077 shares of the financial services provider’s stock worth $1,807,000 after purchasing an additional 451 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of AerCap during the first quarter worth about $714,000. Swedbank AB raised its position in shares of AerCap by 12.8% during the second quarter. Swedbank AB now owns 96,244 shares of the financial services provider’s stock worth $8,970,000 after purchasing an additional 10,933 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in shares of AerCap by 51.7% during the first quarter. Canada Pension Plan Investment Board now owns 281,013 shares of the financial services provider’s stock worth $24,423,000 after purchasing an additional 95,823 shares during the period. Institutional investors own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Barclays raised their price target on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Susquehanna lifted their target price on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, TD Cowen reissued a “buy” rating and issued a $125.00 target price on shares of AerCap in a research report on Monday, July 29th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $110.83.

AerCap Stock Down 0.5 %

NYSE:AER opened at $95.27 on Thursday. The firm has a market capitalization of $18.86 billion, a price-to-earnings ratio of 7.55, a price-to-earnings-growth ratio of 2.15 and a beta of 1.83. AerCap Holdings has a twelve month low of $66.34 and a twelve month high of $99.68. The stock’s 50 day moving average price is $95.44 and its two-hundred day moving average price is $93.63. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89.

AerCap (NYSE:AER) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting the consensus estimate of $2.41. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm 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 firm earned $2.81 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts expect that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.

AerCap Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.00 annualized dividend and a yield of 1.05%. AerCap’s dividend payout ratio (DPR) is presently 7.92%.

AerCap 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.