Zurcher Kantonalbank Zurich Cantonalbank Has $13.39 Million Stock Holdings in AerCap Holdings (NYSE:AER)

Zurcher Kantonalbank Zurich Cantonalbank cut its position in shares of AerCap Holdings (NYSE:AER) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,880 shares of the financial services provider’s stock after selling 3,465 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.07% of AerCap worth $13,387,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AER. Darsana Capital Partners LP acquired a new position in AerCap in the 3rd quarter valued at about $94,720,000. TOMS Capital Investment Management LP acquired a new position in AerCap in the 3rd quarter valued at about $60,526,000. KBC Group NV grew its stake in AerCap by 137.8% in the 4th quarter. KBC Group NV now owns 834,452 shares of the financial services provider’s stock valued at $79,857,000 after buying an additional 483,564 shares during the last quarter. State Street Corp grew its stake in AerCap by 8.3% in the 3rd quarter. State Street Corp now owns 4,862,517 shares of the financial services provider’s stock valued at $460,579,000 after buying an additional 370,906 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in AerCap by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider’s stock valued at $545,726,000 after buying an additional 282,980 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on AER. Bank of America increased their target price on shares of AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Susquehanna increased their target price on shares of AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research report on Thursday, February 27th. UBS Group lowered shares of AerCap to an “underperform” rating in a research report on Friday, March 7th. The Goldman Sachs Group restated a “buy” rating and set a $119.00 target price on shares of AerCap in a research report on Thursday, November 21st. Finally, Barclays restated an “overweight” rating and set a $115.00 target price (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $117.43.

AerCap Stock Performance

Shares of AerCap stock opened at $97.07 on Thursday. The company has a 50 day moving average of $97.91 and a 200-day moving average of $96.35. AerCap Holdings has a 1-year low of $81.93 and a 1-year high of $107.36. 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 company has a market cap of $18.13 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 2.22 and a beta of 1.83.

AerCap (NYSE:AER) last issued its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.75. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.97 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. As a group, equities research analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be paid a $0.27 dividend. This is an increase from AerCap’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.08 annualized dividend and a yield of 1.11%. AerCap’s dividend payout ratio is presently 9.99%.

AerCap declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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.