PNC Financial Services Group Inc. Decreases Position in AerCap Holdings (NYSE:AER)

PNC Financial Services Group Inc. lowered its holdings in AerCap Holdings (NYSE:AER - Free Report) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 150,713 shares of the financial services provider's stock after selling 6,016 shares during the period. PNC Financial Services Group Inc. owned about 0.08% of AerCap worth $14,276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AER. Natixis Advisors LLC lifted its position in shares of AerCap by 9.2% during the 3rd quarter. Natixis Advisors LLC now owns 205,500 shares of the financial services provider's stock valued at $19,465,000 after buying an additional 17,348 shares during the last quarter. Check Capital Management Inc. CA lifted its position in shares of AerCap by 0.4% during the 3rd quarter. Check Capital Management Inc. CA now owns 874,612 shares of the financial services provider's stock valued at $82,843,000 after buying an additional 3,360 shares during the last quarter. KBC Group NV lifted its position in shares of AerCap by 18.7% during the 3rd quarter. KBC Group NV now owns 350,888 shares of the financial services provider's stock valued at $33,236,000 after buying an additional 55,213 shares during the last quarter. Freemont Management S.A. purchased a new position in shares of AerCap during the 3rd quarter valued at $1,497,000. Finally, Oppenheimer & Co. Inc. lifted its position in shares of AerCap by 231.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 36,226 shares of the financial services provider's stock valued at $3,431,000 after buying an additional 25,292 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays upped their price target on AerCap from $111.00 to $113.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. TD Cowen reiterated a "buy" rating and set a $125.00 price objective on shares of AerCap in a research note on Monday, July 29th. The Goldman Sachs Group reiterated a "buy" rating and set a $119.00 price objective on shares of AerCap in a research note on Thursday. Deutsche Bank Aktiengesellschaft boosted their price objective on AerCap from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Finally, Susquehanna boosted their price objective on AerCap from $100.00 to $108.00 and gave the company a "positive" rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, AerCap presently has a consensus rating of "Moderate Buy" and an average target price of $112.00.

AerCap Price Performance

Shares of AER stock traded up $0.31 during trading hours on Friday, hitting $98.03. The stock had a trading volume of 680,473 shares, compared to its average volume of 1,433,369. AerCap Holdings has a one year low of $66.34 and a one year high of $99.68. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The stock's 50-day moving average price is $95.54 and its two-hundred day moving average price is $93.66. The stock has a market capitalization of $19.40 billion, a price-to-earnings ratio of 7.78, a PEG ratio of 2.16 and a beta of 1.83.

AerCap (NYSE:AER - Get Free Report) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting analysts' consensus estimates of $2.41. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the prior year, the business earned $2.81 earnings per share. AerCap's revenue was up 3.0% on a year-over-year basis. Equities analysts forecast that AerCap Holdings will post 11.26 EPS for the current year.

AerCap Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap's dividend payout ratio is presently 7.92%.

AerCap Company 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.