Point72 Asset Management L.P. Sells 492,099 Shares of AerCap Holdings (NYSE:AER)

Point72 Asset Management L.P. lessened its stake in shares of AerCap Holdings (NYSE:AER - Free Report) by 74.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,488 shares of the financial services provider's stock after selling 492,099 shares during the period. Point72 Asset Management L.P. owned approximately 0.09% of AerCap worth $16,243,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AER. Donald Smith & CO. Inc. increased 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 in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in AerCap by 12.6% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,860,757 shares of the financial services provider's stock valued at $173,423,000 after purchasing an additional 208,407 shares in the last quarter. FMR LLC increased its stake in AerCap by 1.3% during the 3rd quarter. FMR LLC now owns 1,737,476 shares of the financial services provider's stock valued at $164,574,000 after purchasing an additional 22,346 shares in the last quarter. AGF Management Ltd. raised its holdings in AerCap by 35.4% in the second quarter. AGF Management Ltd. now owns 1,068,447 shares of the financial services provider's stock worth $99,579,000 after buying an additional 279,561 shares during the last quarter. Finally, Darsana Capital Partners LP bought a new position in shares of AerCap in the third quarter worth approximately $94,720,000. Hedge funds and other institutional investors own 96.42% of the company's stock.

AerCap Stock Performance

NYSE:AER traded down $0.34 during trading hours on Friday, reaching $95.91. The company had a trading volume of 802,956 shares, compared to its average volume of 971,422. The firm has a market cap of $18.98 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 2.22 and a beta of 1.82. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm's 50 day moving average price is $96.18 and its 200-day moving average price is $94.25. AerCap Holdings has a 52 week low of $69.15 and a 52 week high of $100.81.

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

AerCap Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Wednesday, November 13th. AerCap's dividend payout ratio (DPR) is presently 7.92%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AER. The Goldman Sachs Group reissued a "buy" rating and set a $119.00 price target on shares of AerCap in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their target price on AerCap from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. One investment 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 has an average rating of "Moderate Buy" and a consensus target price of $112.00.

About AerCap

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.