AerCap Holdings (NYSE:AER) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank cut its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 17.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 143,345 shares of the financial services provider's stock after selling 30,787 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.07% of AerCap worth $13,578,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AER. 140 Summer Partners LP grew its holdings in AerCap by 7.5% in the third quarter. 140 Summer Partners LP now owns 965,340 shares of the financial services provider's stock valued at $91,437,000 after purchasing an additional 67,400 shares during the period. Blueshift Asset Management LLC grew its stake in AerCap by 22.7% in the 3rd quarter. Blueshift Asset Management LLC now owns 10,308 shares of the financial services provider's stock valued at $976,000 after acquiring an additional 1,909 shares during the period. Glenmede Trust Co. NA increased its holdings in AerCap by 14.3% in the 3rd quarter. Glenmede Trust Co. NA now owns 70,592 shares of the financial services provider's stock worth $6,686,000 after acquiring an additional 8,805 shares in the last quarter. Transamerica Financial Advisors Inc. acquired a new position in AerCap during the third quarter worth $64,000. Finally, BNP Paribas Financial Markets raised its position in AerCap by 8.7% during the third quarter. BNP Paribas Financial Markets now owns 167,701 shares of the financial services provider's stock worth $15,885,000 after acquiring an additional 13,427 shares during the period. Institutional investors and hedge funds own 96.42% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. The Goldman Sachs Group reissued a "buy" rating and set a $119.00 target price on shares of AerCap in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft increased their target price on AerCap from $110.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $112.00.

AerCap Price Performance

AER traded up $0.27 during trading on Friday, reaching $99.36. The company's stock had a trading volume of 481,840 shares, compared to its average volume of 1,100,319. AerCap Holdings has a 1 year low of $66.72 and a 1 year high of $100.81. The company has a market cap of $19.67 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 2.24 and a beta of 1.83. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a fifty day simple moving average of $96.01 and a two-hundred day simple moving average of $94.08.

AerCap (NYSE:AER - Get Free Report) last issued 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. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. AerCap's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.81 earnings per share. As a group, analysts anticipate that AerCap Holdings will post 11.26 EPS for the current year.

AerCap Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be given a $0.25 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. AerCap's dividend payout ratio is currently 7.92%.

AerCap 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.