AerCap Holdings (NYSE:AER) Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd decreased its stake in shares of AerCap Holdings (NYSE:AER) by 9.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 13,957 shares of the financial services provider’s stock after selling 1,500 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in AerCap were worth $1,322,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Assenagon Asset Management S.A. increased its position in 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 worth $71,349,000 after purchasing an additional 480,551 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in shares of AerCap by 182.3% during the second quarter. Point72 Asset Management L.P. now owns 663,587 shares of the financial services provider’s stock worth $61,846,000 after buying an additional 428,487 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of AerCap by 3,568.6% in the third quarter. Wedge Capital Management L L P NC now owns 427,756 shares of the financial services provider’s stock valued at $40,517,000 after buying an additional 416,096 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new stake in AerCap during the second quarter worth approximately $31,688,000. Finally, AGF Management Ltd. grew its stake in AerCap by 35.4% in the 2nd quarter. AGF Management Ltd. now owns 1,068,447 shares of the financial services provider’s stock worth $99,579,000 after acquiring an additional 279,561 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group restated a “buy” rating and set a $119.00 price objective on shares of AerCap in a report on Thursday, November 21st. Barclays upped their price objective on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Susquehanna raised their target price on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $112.00.

AerCap Price Performance

AerCap stock opened at $99.09 on Thursday. 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 market capitalization of $19.61 billion, a P/E ratio of 7.85, a PEG ratio of 2.25 and a beta of 1.83. The firm has a fifty day moving average of $95.85 and a 200-day moving average of $93.92. AerCap Holdings has a 52-week low of $66.34 and a 52-week high of $100.81.

AerCap (NYSE:AER) last issued its quarterly earnings data 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 analysts’ expectations of $1.92 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.81 earnings per share. As a group, analysts predict that AerCap Holdings will post 11.26 EPS for the current year.

AerCap Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend 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.