Leeward Investments LLC MA Sells 33,242 Shares of AerCap Holdings (NYSE:AER)

Leeward Investments LLC MA cut its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 19.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,238 shares of the financial services provider's stock after selling 33,242 shares during the period. Leeward Investments LLC MA owned 0.07% of AerCap worth $13,189,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Donald Smith & CO. Inc. boosted its position 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 purchasing an additional 10,670 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in AerCap by 12.6% in 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 buying an additional 208,407 shares during the last quarter. Castle Hook Partners LP acquired a new position in AerCap in the 1st quarter valued at about $94,062,000. AGF Management Ltd. lifted its position in AerCap by 35.4% during the second quarter. AGF Management Ltd. now owns 1,068,447 shares of the financial services provider's stock worth $99,579,000 after acquiring an additional 279,561 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in AerCap by 37.9% during the first quarter. Russell Investments Group Ltd. now owns 998,526 shares of the financial services provider's stock worth $86,783,000 after acquiring an additional 274,558 shares during the last quarter. 96.42% of the stock is owned by institutional investors.

AerCap Price Performance

AER stock traded down $1.31 during mid-day trading on Thursday, hitting $97.69. The stock had a trading volume of 1,140,853 shares, compared to its average volume of 1,452,801. The firm has a fifty day simple moving average of $94.93 and a 200 day simple moving average of $92.95. AerCap Holdings has a 52 week low of $64.54 and a 52 week high of $99.68. 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 firm has a market capitalization of $19.34 billion, a P/E ratio of 7.74, a P/E/G ratio of 2.13 and a beta of 1.83.

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

AerCap Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap's payout ratio is 7.92%.

Analyst Ratings Changes

A number of brokerages have commented on AER. Deutsche Bank Aktiengesellschaft upped their price objective on AerCap from $110.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Barclays raised their price target on shares of AerCap from $111.00 to $113.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Susquehanna increased their target price on shares of AerCap from $100.00 to $108.00 and gave the stock a "positive" rating in a research report on Friday, August 2nd. Finally, TD Cowen reaffirmed a "buy" rating and set a $125.00 target price on shares of AerCap in a report on Monday, July 29th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.83.

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.