National Pension Service Buys 244,766 Shares of AerCap Holdings (NYSE:AER)

National Pension Service increased its stake in AerCap Holdings (NYSE:AER - Free Report) by 77.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 559,846 shares of the financial services provider's stock after acquiring an additional 244,766 shares during the quarter. National Pension Service owned about 0.28% of AerCap worth $53,029,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Dupree Financial Group LLC lifted its stake in shares of AerCap by 0.4% in the 3rd quarter. Dupree Financial Group LLC now owns 28,395 shares of the financial services provider's stock valued at $2,690,000 after purchasing an additional 121 shares during the period. Inspire Advisors LLC boosted its holdings in shares of AerCap by 1.5% during the 1st quarter. Inspire Advisors LLC now owns 8,150 shares of the financial services provider's stock worth $708,000 after buying an additional 124 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of AerCap by 1.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,919 shares of the financial services provider's stock valued at $645,000 after acquiring an additional 129 shares in the last quarter. Blue Trust Inc. lifted its position in shares of AerCap by 89.9% during the 2nd quarter. Blue Trust Inc. now owns 283 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 134 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its stake in AerCap by 3.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 4,935 shares of the financial services provider's stock worth $460,000 after acquiring an additional 146 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors.

AerCap Price Performance

NYSE:AER traded up $2.43 during trading hours on Wednesday, hitting $98.09. 835,551 shares of the company's stock traded hands, compared to its average volume of 1,451,259. The firm has a market cap of $19.42 billion, a P/E ratio of 7.58, a P/E/G ratio of 2.13 and a beta of 1.83. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a 52 week low of $63.34 and a 52 week high of $99.30. The business's fifty day simple moving average is $94.81 and its two-hundred day simple moving average is $92.88.

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

AerCap Announces Dividend

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 issued a $0.25 dividend. 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 dividend payout ratio (DPR) is currently 7.92%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Barclays raised their target price on AerCap from $111.00 to $113.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. TD Cowen reissued a "buy" rating and issued a $125.00 price objective on shares of AerCap in a research note on Monday, July 29th. Susquehanna upped their target price on AerCap from $100.00 to $108.00 and gave the stock a "positive" rating in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $110.83.

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.