State of Alaska Department of Revenue Sells 8,190 Shares of AerCap Holdings (NYSE:AER)

State of Alaska Department of Revenue lowered its stake in shares of AerCap Holdings (NYSE:AER - Free Report) by 53.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,040 shares of the financial services provider's stock after selling 8,190 shares during the period. State of Alaska Department of Revenue's holdings in AerCap were worth $666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its stake in shares of AerCap by 161.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 20,786 shares of the financial services provider's stock worth $1,969,000 after acquiring an additional 12,822 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in AerCap in the third quarter worth $271,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of AerCap by 1,037.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,954 shares of the financial services provider's stock worth $945,000 after acquiring an additional 9,079 shares during the period. Highland Capital Management LLC purchased a new position in AerCap during the 3rd quarter worth $1,444,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of AerCap by 176.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 753,267 shares of the financial services provider's stock valued at $71,349,000 after buying an additional 480,551 shares during the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

AerCap Stock Down 1.3 %

NYSE:AER traded down $1.31 during mid-day trading on Thursday, hitting $97.69. 1,140,853 shares of the company's stock traded hands, compared to its average volume of 1,452,801. The company has a market capitalization of $19.34 billion, a P/E ratio of 7.74, a P/E/G ratio of 2.13 and a beta of 1.83. The company has a fifty day moving average of $94.93 and a 200 day moving average of $92.95. AerCap Holdings has a twelve month low of $64.54 and a twelve month high of $99.68. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67.

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

AerCap Announces Dividend

The firm also recently disclosed 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 yield of 1.02%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap's dividend payout ratio (DPR) is presently 7.92%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Susquehanna raised their price objective on shares of AerCap from $100.00 to $108.00 and gave the stock a "positive" rating in a research note on Friday, August 2nd. TD Cowen reissued a "buy" rating and set a $125.00 price objective on shares of AerCap in a report on Monday, July 29th. Barclays boosted their target price on AerCap from $111.00 to $113.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on AerCap from $110.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, AerCap has a consensus rating of "Moderate Buy" and an average target price of $110.83.

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.