Leuthold Group LLC Trims Position in AerCap Holdings (NYSE:AER)

Leuthold Group LLC cut its holdings in AerCap Holdings (NYSE:AER) by 0.2% during the 1st quarter, Holdings Channel reports. The fund owned 68,909 shares of the financial services provider’s stock after selling 144 shares during the period. Leuthold Group LLC’s holdings in AerCap were worth $5,989,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Gotham Asset Management LLC boosted its stake in shares of AerCap by 3.3% in the third quarter. Gotham Asset Management LLC now owns 5,538 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 175 shares during the period. Lido Advisors LLC increased its stake in AerCap by 8.7% in the 3rd quarter. Lido Advisors LLC now owns 5,061 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 403 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of AerCap by 2.4% during the 3rd quarter. Legal & General Group Plc now owns 794,502 shares of the financial services provider’s stock worth $49,791,000 after acquiring an additional 18,489 shares in the last quarter. Penserra Capital Management LLC boosted its position in shares of AerCap by 193,400.0% during the 3rd quarter. Penserra Capital Management LLC now owns 7,740 shares of the financial services provider’s stock valued at $484,000 after acquiring an additional 7,736 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of AerCap by 5.6% in the third quarter. Public Sector Pension Investment Board now owns 62,083 shares of the financial services provider’s stock valued at $3,891,000 after purchasing an additional 3,300 shares in the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

AerCap Stock Performance

Shares of NYSE AER traded up $0.54 during midday trading on Friday, reaching $96.30. 599,709 shares of the stock were exchanged, compared to its average volume of 1,541,438. 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 50-day simple moving average of $91.96 and a two-hundred day simple moving average of $84.15. AerCap Holdings has a twelve month low of $57.30 and a twelve month high of $97.68. The firm has a market cap of $19.06 billion, a price-to-earnings ratio of 6.23, a PEG ratio of 2.25 and a beta of 1.83.

AerCap (NYSE:AER) last released its quarterly earnings results 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. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.95 billion. AerCap had a net margin of 42.78% and a return on equity of 15.29%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned $2.34 earnings per share. As a group, analysts anticipate that AerCap Holdings will post 10.61 EPS for the current fiscal year.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Wednesday, May 22nd were paid a $0.25 dividend. The ex-dividend date was Tuesday, May 21st. This represents a $1.00 annualized dividend and a dividend yield of 1.04%. AerCap’s dividend payout ratio is presently 6.51%.

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.