AerCap Holdings (NYSE:AER) Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd reduced its position in AerCap Holdings (NYSE:AER) by 9.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,957 shares of the financial services provider’s stock after selling 1,500 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in AerCap were worth $1,322,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Blue Trust Inc. boosted its stake in AerCap by 89.9% during the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 134 shares during the period. Mather Group LLC. raised its holdings in shares of AerCap by 230.1% in the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after buying an additional 214 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of AerCap during the third quarter worth about $35,000. UMB Bank n.a. grew its holdings in shares of AerCap by 35.5% during the third quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock worth $63,000 after buying an additional 174 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in AerCap by 15.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 108 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Trading Down 1.2 %

Shares of AER opened at $99.09 on Thursday. AerCap Holdings has a twelve month low of $66.34 and a twelve month high of $100.81. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $19.61 billion, a P/E ratio of 7.85, a PEG ratio of 2.25 and a beta of 1.83. The firm’s 50-day moving average is $95.85 and its two-hundred day moving average is $93.92.

AerCap (NYSE:AER) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.41. The business had revenue of $1.95 billion for 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%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.81 EPS. On average, research analysts predict that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.

AerCap Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. AerCap’s dividend payout ratio is presently 7.92%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AER. Susquehanna increased their price objective on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research report on Friday, August 2nd. Barclays lifted their price objective on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $119.00 price target on shares of AerCap in a research note on Thursday, November 21st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

AerCap Company 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.