UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 465,980 Shares of AerCap Holdings (NYSE:AER)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of AerCap Holdings (NYSE:AER - Free Report) by 18.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,122,100 shares of the financial services provider's stock after selling 465,980 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.07% of AerCap worth $201,005,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. B. Riley Wealth Advisors Inc. acquired a new stake in shares of AerCap in the 1st quarter valued at $304,000. Swedbank AB acquired a new stake in shares of AerCap in the 1st quarter valued at approximately $7,414,000. Atria Investments Inc acquired a new stake in shares of AerCap in the 1st quarter valued at approximately $1,187,000. Transcend Capital Advisors LLC acquired a new stake in AerCap during the 2nd quarter valued at $488,000. Finally, Massmutual Trust Co. FSB ADV increased its position in AerCap by 3.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 4,935 shares of the financial services provider's stock worth $460,000 after buying an additional 146 shares during the period. Institutional investors and hedge funds own 96.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AER. The Goldman Sachs Group restated a "buy" rating and issued a $119.00 price target on shares of AerCap in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft boosted their price target on AerCap from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $112.00.

AerCap Stock Up 0.3 %

Shares of AER traded up $0.27 on Friday, reaching $99.36. The stock had a trading volume of 481,840 shares, compared to its average volume of 1,100,319. The firm has a market capitalization of $19.67 billion, a price-to-earnings ratio of 7.87, a price-to-earnings-growth ratio of 2.24 and a beta of 1.83. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The company has a 50-day simple moving average of $96.01 and a 200-day simple moving average of $94.08. AerCap Holdings has a 12-month low of $66.72 and a 12-month high of $100.81.

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

AerCap Announces Dividend

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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is 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.