AerCap Holdings (NYSE:AER) Position Reduced by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lowered its stake in AerCap Holdings (NYSE:AER) by 7.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 394,637 shares of the financial services provider’s stock after selling 33,119 shares during the period. Wedge Capital Management L L P NC owned 0.20% of AerCap worth $37,767,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Franklin Resources Inc. lifted its holdings in AerCap by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider’s stock worth $545,726,000 after buying an additional 282,980 shares during the last quarter. State Street Corp boosted its holdings in AerCap by 8.3% in the third quarter. State Street Corp now owns 4,862,517 shares of the financial services provider’s stock worth $460,579,000 after purchasing an additional 370,906 shares during the period. Donald Smith & CO. Inc. increased its stake in AerCap by 0.7% during the third quarter. Donald Smith & CO. Inc. now owns 3,525,307 shares of the financial services provider’s stock valued at $333,917,000 after purchasing an additional 23,994 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of AerCap by 12.6% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,860,757 shares of the financial services provider’s stock worth $173,423,000 after purchasing an additional 208,407 shares during the period. Finally, FMR LLC lifted its position in shares of AerCap by 1.3% in the 3rd quarter. FMR LLC now owns 1,737,476 shares of the financial services provider’s stock worth $164,574,000 after buying an additional 22,346 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Trading Up 0.1 %

Shares of AER stock opened at $95.93 on Friday. AerCap Holdings has a 1 year low of $73.78 and a 1 year high of $100.81. The firm has a market capitalization of $18.99 billion, a PE ratio of 7.60, a price-to-earnings-growth ratio of 2.05 and a beta of 1.82. The stock has a fifty day moving average of $96.12 and a two-hundred day moving average of $94.96. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67.

AerCap (NYSE:AER) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.41. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. AerCap’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. As a group, research analysts expect that AerCap Holdings will post 11.26 EPS for the current year.

AerCap Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th were given a $0.25 dividend. 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 7.92%.

Analyst Ratings Changes

AER has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective 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 reiterated a “buy” rating and set a $119.00 price target on shares of AerCap in a research report on Thursday, November 21st. One equities research 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.