Mizuho Markets Americas LLC Reduces Position in AerCap Holdings (NYSE:AER)

Mizuho Markets Americas LLC reduced its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 29.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,209 shares of the financial services provider's stock after selling 31,541 shares during the period. Mizuho Markets Americas LLC's holdings in AerCap were worth $7,029,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in AerCap by 89.9% in the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider's stock worth $25,000 after buying an additional 134 shares during the period. Mather Group LLC. lifted its holdings in shares of AerCap by 230.1% during the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 214 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of AerCap by 35.5% during the third quarter. UMB Bank n.a. now owns 664 shares of the financial services provider's stock valued at $63,000 after purchasing an additional 174 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of AerCap by 209.1% during the second quarter. Federated Hermes Inc. now owns 1,567 shares of the financial services provider's stock valued at $146,000 after purchasing an additional 1,060 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd lifted its holdings in shares of AerCap by 33.3% during the second quarter. Gordian Capital Singapore Pte Ltd now owns 2,000 shares of the financial services provider's stock valued at $186,000 after purchasing an additional 500 shares during the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

AerCap Stock Performance

NYSE:AER traded up $0.14 during trading hours on Friday, reaching $95.27. The company had a trading volume of 984,245 shares, compared to its average volume of 1,442,921. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a 52 week low of $66.34 and a 52 week high of $99.68. The firm has a market cap of $18.86 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 2.13 and a beta of 1.83. The firm's 50 day moving average price is $95.19 and its 200-day moving average price is $93.39.

AerCap (NYSE:AER - Get Free Report) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, hitting analysts' consensus estimates 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 the consensus estimate of $1.92 billion. During the same quarter in the previous year, the firm posted $2.81 EPS. The firm's revenue was up 3.0% on a year-over-year basis. On average, analysts forecast that AerCap Holdings will post 11.26 EPS for the current year.

AerCap Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders 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 dividend yield of 1.05%. The ex-dividend date is Wednesday, November 13th. AerCap's dividend payout ratio is presently 7.92%.

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.