Tran Capital Management L.P. Has $56.09 Million Holdings in AerCap Holdings (NYSE:AER)

Tran Capital Management L.P. reduced its position in shares of AerCap Holdings (NYSE:AER) by 2.3% in the first quarter, Holdings Channel reports. The fund owned 645,350 shares of the financial services provider’s stock after selling 15,051 shares during the quarter. AerCap makes up about 6.2% of Tran Capital Management L.P.’s portfolio, making the stock its 3rd biggest position. Tran Capital Management L.P.’s holdings in AerCap were worth $56,087,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont purchased a new position in AerCap during the fourth quarter worth $27,000. Assetmark Inc. purchased a new position in AerCap during the fourth quarter worth $42,000. CVA Family Office LLC purchased a new position in AerCap during the first quarter worth $52,000. Robeco Institutional Asset Management B.V. boosted its stake in AerCap by 13.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 83,931 shares of the financial services provider’s stock worth $62,000 after buying an additional 10,159 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in AerCap during the third quarter worth $63,000. 96.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on AER. Susquehanna lifted their target price on AerCap from $90.00 to $100.00 and gave the stock a “positive” rating in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on AerCap from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. TD Cowen lifted their target price on AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Morgan Stanley began coverage on AerCap in a research report on Friday, June 7th. They set an “equal weight” rating and a $103.00 target price for the company. Finally, Barclays lifted their target price on AerCap from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $97.56.

AerCap Price Performance

Shares of AER stock traded down $0.26 during trading hours on Thursday, hitting $93.90. 524,057 shares of the company’s stock were exchanged, compared to its average volume of 1,519,516. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 2.70. The firm has a market cap of $18.59 billion, a P/E ratio of 6.11, a P/E/G ratio of 2.25 and a beta of 1.83. The firm has a 50 day moving average of $90.96 and a two-hundred day moving average of $83.35. AerCap Holdings has a fifty-two week low of $57.30 and a fifty-two week high of $96.95.

AerCap (NYSE:AER) last posted its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $3.29 EPS for the quarter, beating the consensus estimate of $2.31 by $0.98. AerCap had a return on equity of 15.29% and a net margin of 42.78%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the company earned $2.34 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. Sell-side analysts forecast that AerCap Holdings will post 10.61 EPS for the current year.

AerCap Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Wednesday, May 22nd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.06%. The ex-dividend date was Tuesday, May 21st. AerCap’s payout ratio is currently 6.51%.

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.