AerCap Holdings (NYSE:AER) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its holdings in shares of AerCap Holdings (NYSE:AER) by 40.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,345,354 shares of the financial services provider’s stock after selling 6,250,459 shares during the quarter. Wellington Management Group LLP’s holdings in AerCap were worth $885,192,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AER. Mather Group LLC. lifted its position in AerCap by 230.1% during the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock worth $27,000 after buying an additional 214 shares in the last quarter. Transform Wealth LLC acquired a new position in shares of AerCap during the 2nd quarter valued at about $6,407,000. Sequoia Financial Advisors LLC grew its holdings in shares of AerCap by 1.9% in the second quarter. Sequoia Financial Advisors LLC now owns 6,919 shares of the financial services provider’s stock valued at $645,000 after purchasing an additional 129 shares during the period. Monetary Management Group Inc. purchased a new position in AerCap during the second quarter worth about $298,000. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in AerCap by 21.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,133 shares of the financial services provider’s stock valued at $1,410,000 after purchasing an additional 2,696 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Stock Down 0.4 %

Shares of NYSE AER opened at $95.90 on Friday. AerCap Holdings has a 52-week low of $69.15 and a 52-week high of $100.81. The business’s 50 day moving average is $96.18 and its two-hundred day moving average is $94.25. The firm has a market cap of $18.98 billion, a price-to-earnings ratio of 7.60, a PEG 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.

AerCap (NYSE:AER) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, meeting analysts’ consensus estimates of $2.41. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.92 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. AerCap’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the business posted $2.81 EPS. Research analysts predict that AerCap Holdings will post 11.26 EPS for the current year.

AerCap Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th were issued 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 dividend payout ratio (DPR) is presently 7.92%.

Wall Street Analysts Forecast Growth

AER has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target 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. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 target price on shares of AerCap in a research report on Thursday, November 21st. One investment 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, AerCap currently has a consensus rating of “Moderate Buy” and an average target price of $112.00.

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.