Swiss National Bank Lowers Stake in AerCap Holdings (NYSE:AER)

Swiss National Bank lessened its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 4.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 581,500 shares of the financial services provider's stock after selling 29,200 shares during the period. Swiss National Bank owned 0.29% of AerCap worth $55,080,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AER. Donald Smith & CO. Inc. increased its position in 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 worth $333,917,000 after buying an additional 23,994 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in AerCap by 12.6% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,860,757 shares of the financial services provider's stock worth $173,423,000 after purchasing an additional 208,407 shares in the last quarter. AGF Management Ltd. lifted its position 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 valued at $99,579,000 after purchasing an additional 279,561 shares during the period. Check Capital Management Inc. CA increased its position in AerCap by 0.4% during the 3rd quarter. Check Capital Management Inc. CA now owns 874,612 shares of the financial services provider's stock worth $82,843,000 after purchasing an additional 3,360 shares during the period. Finally, Sei Investments Co. raised its stake in shares of AerCap by 9.8% during the 2nd quarter. Sei Investments Co. now owns 799,416 shares of the financial services provider's stock worth $74,506,000 after buying an additional 71,322 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

AerCap Price Performance

AER stock traded down $0.48 during midday trading on Wednesday, hitting $95.25. 1,048,857 shares of the stock were exchanged, compared to its average volume of 1,437,066. The stock's 50-day moving average price is $95.37 and its 200-day moving average price is $93.62. The stock has a market cap of $18.85 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 2.15 and a beta of 1.83. AerCap Holdings has a fifty-two week low of $66.34 and a fifty-two week 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 released its quarterly 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. 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 analysts' expectations of $1.92 billion. During the same period in the previous year, the firm posted $2.81 earnings per share. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. Research analysts predict that AerCap Holdings will post 11.26 earnings per share for the current year.

AerCap Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $1.00 annualized dividend and a yield of 1.05%. AerCap's payout ratio is currently 7.92%.

Wall Street Analysts Forecast Growth

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