New York State Common Retirement Fund Sells 9,612 Shares of AerCap Holdings (NYSE:AER)

New York State Common Retirement Fund trimmed its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 520,081 shares of the financial services provider's stock after selling 9,612 shares during the period. New York State Common Retirement Fund owned 0.26% of AerCap worth $49,262,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its stake in AerCap by 177.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 8,137 shares of the financial services provider's stock valued at $707,000 after acquiring an additional 5,203 shares in the last quarter. Private Advisor Group LLC increased its stake in AerCap by 12.0% in the 1st quarter. Private Advisor Group LLC now owns 5,172 shares of the financial services provider's stock valued at $449,000 after buying an additional 555 shares during the period. Sequoia Financial Advisors LLC lifted its position in AerCap by 5.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 6,790 shares of the financial services provider's stock worth $590,000 after buying an additional 334 shares in the last quarter. BNP Paribas Financial Markets lifted its position in AerCap by 29.1% in the 1st quarter. BNP Paribas Financial Markets now owns 138,746 shares of the financial services provider's stock worth $12,058,000 after buying an additional 31,305 shares in the last quarter. Finally, Capstone Investment Advisors LLC grew its holdings in shares of AerCap by 108.4% during the 1st quarter. Capstone Investment Advisors LLC now owns 3,927 shares of the financial services provider's stock valued at $341,000 after acquiring an additional 50,404 shares in the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Stock Performance

AER traded up $0.76 during midday trading on Friday, reaching $94.31. The company's stock had a trading volume of 1,264,168 shares, compared to its average volume of 979,133. The company has a fifty day simple moving average of $94.80 and a 200 day simple moving average of $92.65. The stock has a market cap of $18.67 billion, a P/E ratio of 7.47, a PEG ratio of 2.22 and a beta of 1.83. The company has a current ratio of 0.67, a quick ratio of 0.29 and a debt-to-equity ratio of 2.89. AerCap Holdings has a twelve month low of $63.20 and a twelve month high of $99.30.

AerCap (NYSE:AER - Get Free Report) last released its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting analysts' consensus estimates of $2.41. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate 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 period last year, the business earned $2.81 earnings per share. Research analysts expect that AerCap Holdings will post 10.7 earnings per share for the current year.

AerCap Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.06%. The ex-dividend date is Wednesday, November 13th. AerCap's dividend payout ratio (DPR) is presently 7.92%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AER. Deutsche Bank Aktiengesellschaft increased their price objective on AerCap from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. TD Cowen reissued a "buy" rating and issued a $125.00 price target on shares of AerCap in a research note on Monday, July 29th. Barclays increased their price objective on AerCap from $111.00 to $113.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Finally, Susquehanna lifted their price objective on shares of AerCap from $100.00 to $108.00 and gave the company a "positive" rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, AerCap currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.83.

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.