Assenagon Asset Management S.A. Has $52.78 Million Stock Position in AerCap Holdings (NYSE:AER)

Assenagon Asset Management S.A. lessened its stake in AerCap Holdings (NYSE:AER - Free Report) by 26.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 551,462 shares of the financial services provider's stock after selling 201,805 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.28% of AerCap worth $52,775,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of AER. Franklin Resources Inc. boosted its position in AerCap by 5.3% during 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 purchasing an additional 282,980 shares during the period. State Street Corp lifted its stake in AerCap by 8.3% in the third 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. Donald Smith & CO. Inc. boosted its holdings in shares of AerCap by 0.7% during the third quarter. Donald Smith & CO. Inc. now owns 3,525,307 shares of the financial services provider's stock valued at $333,917,000 after acquiring an additional 23,994 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of AerCap by 12.6% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,860,757 shares of the financial services provider's stock worth $173,423,000 after acquiring an additional 208,407 shares during the last quarter. Finally, FMR LLC grew its position in shares of AerCap by 1.3% during the third quarter. FMR LLC now owns 1,737,476 shares of the financial services provider's stock worth $164,574,000 after acquiring an additional 22,346 shares during the last quarter. Institutional investors own 96.42% of the company's stock.

Wall Street Analysts Forecast Growth

AER has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of AerCap from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group reiterated a "buy" rating and set a $119.00 price objective on shares of AerCap in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.00.

AerCap Price Performance

AER traded down $0.97 during trading on Thursday, reaching $95.78. The stock had a trading volume of 733,416 shares, compared to its average volume of 853,552. The stock has a 50 day moving average of $96.19 and a two-hundred day moving average of $94.93. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $18.96 billion, a price-to-earnings ratio of 7.59, a price-to-earnings-growth ratio of 2.05 and a beta of 1.82. AerCap Holdings has a 1-year low of $72.80 and a 1-year high of $100.81.

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

AerCap Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Wednesday, November 13th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Wednesday, November 13th. AerCap's payout ratio is 7.92%.

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.