Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its stake in shares of Aercap Holdings N.V. (NYSE:AER – Free Report) by 6.4% in the 2nd quarter, Holdings Channel reports. The firm owned 33,819 shares of the financial services provider’s stock after selling 2,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Aercap were worth $3,957,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the stock. Fiduciary Alliance LLC raised its position in shares of Aercap by 0.4% during the 2nd quarter. Fiduciary Alliance LLC now owns 23,310 shares of the financial services provider’s stock worth $2,727,000 after purchasing an additional 93 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Aercap by 26.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 94 shares in the last quarter. Signaturefd LLC grew its stake in Aercap by 1.8% during the 1st quarter. Signaturefd LLC now owns 5,819 shares of the financial services provider’s stock valued at $595,000 after acquiring an additional 102 shares in the last quarter. Citizens National Bank Trust Department grew its stake in Aercap by 0.8% during the 2nd quarter. Citizens National Bank Trust Department now owns 13,965 shares of the financial services provider’s stock valued at $1,634,000 after acquiring an additional 104 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Aercap by 8.0% during the 1st quarter. Allworth Financial LP now owns 1,566 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.
Aercap Stock Performance
Aercap stock opened at $130.27 on Friday. The firm has a 50 day simple moving average of $122.44 and a 200-day simple moving average of $115.20. Aercap Holdings N.V. has a 1-year low of $85.57 and a 1-year high of $131.87. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market cap of $24.33 billion, a price-to-earnings ratio of 6.17, a price-to-earnings-growth ratio of 2.50 and a beta of 1.40.
Aercap Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Wednesday, November 12th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.8%. Aercap’s dividend payout ratio (DPR) is presently 5.12%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on AER. Susquehanna upped their price objective on shares of Aercap from $130.00 to $134.00 and gave the company a “positive” rating in a research note on Wednesday, August 13th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Aercap in a research note on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of Aercap in a research note on Thursday. Barclays upped their price objective on shares of Aercap from $132.00 to $144.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, TD Cowen upped their price objective on shares of Aercap from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.43.
Read Our Latest Stock Analysis on AER
About Aercap
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.
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