AerCap Holdings (NYSE:AER) Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 20.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,291,405 shares of the financial services provider's stock after selling 331,191 shares during the period. Legal & General Group Plc owned about 0.65% of AerCap worth $123,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in AER. Aristides Capital LLC lifted its holdings in AerCap by 12.1% during the fourth quarter. Aristides Capital LLC now owns 33,630 shares of the financial services provider's stock valued at $3,218,000 after purchasing an additional 3,630 shares in the last quarter. Lyrical Asset Management LP boosted its holdings in AerCap by 1.3% in the 4th quarter. Lyrical Asset Management LP now owns 3,097,840 shares of the financial services provider's stock worth $296,463,000 after buying an additional 38,264 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co purchased a new stake in AerCap during the 4th quarter worth approximately $6,221,000. Russell Investments Group Ltd. raised its holdings in shares of AerCap by 13.7% during the fourth quarter. Russell Investments Group Ltd. now owns 1,032,293 shares of the financial services provider's stock valued at $98,788,000 after acquiring an additional 124,539 shares during the last quarter. Finally, Perennial Investment Advisors LLC lifted its position in shares of AerCap by 5.4% in the fourth quarter. Perennial Investment Advisors LLC now owns 5,898 shares of the financial services provider's stock valued at $564,000 after acquiring an additional 304 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

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Analyst Ratings Changes

AER has been the topic of a number of research reports. UBS Group lowered AerCap to an "underperform" rating in a report on Friday, March 7th. Susquehanna upped their price objective on shares of AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a research note on Thursday, February 27th. Barclays reissued an "overweight" rating and issued a $115.00 target price (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Bank of America upped their price target on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Finally, Morgan Stanley cut their price target on AerCap from $112.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $117.14.

AerCap Trading Down 0.5 %

Shares of NYSE:AER traded down $0.51 during mid-day trading on Wednesday, reaching $96.21. 1,454,553 shares of the company were exchanged, compared to its average volume of 1,584,253. The firm has a market cap of $17.97 billion, a price-to-earnings ratio of 7.62, a P/E/G ratio of 2.22 and a beta of 1.46. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. AerCap Holdings has a 1 year low of $82.21 and a 1 year high of $107.36. The firm's 50-day simple moving average is $99.44 and its 200 day simple moving average is $97.10.

AerCap (NYSE:AER - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.75. The business had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $1.97 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. Equities research analysts forecast that AerCap Holdings will post 11.29 EPS for the current year.

AerCap Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.12%. This is a positive change from AerCap's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, March 12th. AerCap's dividend payout ratio (DPR) is presently 9.99%.

AerCap announced that its board has authorized a share buyback plan on Wednesday, February 26th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

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.