AerCap Holdings (NYSE:AER) Position Lowered by Empyrean Capital Partners LP

Empyrean Capital Partners LP trimmed its stake in shares of AerCap Holdings (NYSE:AER) by 16.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,600,000 shares of the financial services provider’s stock after selling 315,000 shares during the period. AerCap comprises 8.7% of Empyrean Capital Partners LP’s holdings, making the stock its 2nd biggest position. Empyrean Capital Partners LP’s holdings in AerCap were worth $149,120,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. APG Asset Management N.V. grew its position in shares of AerCap by 257.4% during the second quarter. APG Asset Management N.V. now owns 27,353 shares of the financial services provider’s stock valued at $2,379,000 after purchasing an additional 19,700 shares in the last quarter. AQR Capital Management LLC boosted its stake in AerCap by 26.6% during the second quarter. AQR Capital Management LLC now owns 10,075 shares of the financial services provider’s stock valued at $939,000 after buying an additional 2,115 shares during the last quarter. AXA S.A. grew its holdings in AerCap by 45.0% during the 2nd quarter. AXA S.A. now owns 21,319 shares of the financial services provider’s stock valued at $1,987,000 after buying an additional 6,615 shares in the last quarter. Toronto Dominion Bank grew its holdings in AerCap by 227.5% during the 2nd quarter. Toronto Dominion Bank now owns 11,533 shares of the financial services provider’s stock valued at $1,075,000 after buying an additional 8,012 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in AerCap by 182.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 663,587 shares of the financial services provider’s stock worth $61,846,000 after acquiring an additional 428,487 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AER shares. Susquehanna increased 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. Barclays increased 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. TD Cowen restated a “buy” rating and issued a $125.00 target price on shares of AerCap in a report on Monday, July 29th. Finally, Morgan Stanley started coverage on shares of AerCap in a research report on Friday, June 7th. They set an “equal weight” rating and a $103.00 target price on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, AerCap currently has an average rating of “Moderate Buy” and an average price target of $102.38.

AerCap Stock Down 0.9 %

Shares of NYSE AER opened at $95.29 on Thursday. The company has a market cap of $18.86 billion, a P/E ratio of 6.20, a PEG ratio of 2.16 and a beta of 1.83. The firm has a 50-day simple moving average of $93.47 and a two-hundred day simple moving average of $90.79. AerCap Holdings has a 1 year low of $57.30 and a 1 year high of $98.79. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.29 and a quick ratio of 0.29.

AerCap (NYSE:AER) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $3.01 EPS for the quarter, beating the consensus estimate of $2.41 by $0.60. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the company posted $2.56 EPS. AerCap’s quarterly revenue was up 1.8% on a year-over-year basis. Research analysts anticipate that AerCap Holdings will post 11.33 earnings per share for the current year.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 14th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.05%. AerCap’s dividend 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.