Handelsbanken Fonder AB Lowers Stake in AerCap Holdings (NYSE:AER)

Handelsbanken Fonder AB lowered its stake in shares of AerCap Holdings (NYSE:AER) by 19.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,991 shares of the financial services provider’s stock after selling 3,331 shares during the period. Handelsbanken Fonder AB’s holdings in AerCap were worth $1,325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Donald Smith & CO. Inc. lifted its holdings in AerCap by 0.3% during the first quarter. Donald Smith & CO. Inc. now owns 4,080,070 shares of the financial services provider’s stock worth $354,599,000 after buying an additional 10,670 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of AerCap by 12.6% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,860,757 shares of the financial services provider’s stock valued at $173,423,000 after purchasing an additional 208,407 shares during the last quarter. Castle Hook Partners LP purchased a new stake in shares of AerCap during the 1st quarter valued at $94,062,000. AGF Management Ltd. lifted its holdings in shares of AerCap by 35.4% during the 2nd quarter. AGF Management Ltd. now owns 1,068,447 shares of the financial services provider’s stock valued at $99,579,000 after purchasing an additional 279,561 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of AerCap by 37.9% during the 1st quarter. Russell Investments Group Ltd. now owns 998,526 shares of the financial services provider’s stock valued at $86,783,000 after purchasing an additional 274,558 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Barclays increased their price objective on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Susquehanna increased their price objective on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a report on Friday, August 2nd. Finally, TD Cowen reiterated a “buy” rating and set a $125.00 price objective on shares of AerCap in a report on Monday, July 29th. One research analyst has rated the stock with a hold rating and six have given 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 $105.71.

AerCap Stock Performance

Shares of AER stock opened at $94.27 on Friday. The firm has a market capitalization of $18.66 billion, a price-to-earnings ratio of 6.07, a price-to-earnings-growth ratio of 2.13 and a beta of 1.83. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.29 and a quick ratio of 0.29. The business has a fifty day moving average of $93.72 and a 200 day moving average of $91.52. AerCap Holdings has a 1 year low of $57.84 and a 1 year high of $98.79.

AerCap (NYSE:AER) last issued its earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.60. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.89 billion. AerCap had a return on equity of 15.12% and a net margin of 42.02%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $2.56 EPS. As a group, research analysts expect that AerCap Holdings will post 11.33 earnings per share for the current year.

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. AerCap’s payout ratio is currently 6.44%.

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.