Bank of Marin Reduces Stock Holdings in AerCap Holdings (NYSE:AER)

Bank of Marin reduced its position in AerCap Holdings (NYSE:AER) by 18.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,184 shares of the financial services provider’s stock after selling 1,357 shares during the period. Bank of Marin’s holdings in AerCap were worth $586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in AER. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of AerCap by 19.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,949 shares of the financial services provider’s stock valued at $9,643,000 after purchasing an additional 17,750 shares in the last quarter. Janus Henderson Group PLC raised its position in AerCap by 31.1% in the 1st quarter. Janus Henderson Group PLC now owns 142,539 shares of the financial services provider’s stock worth $12,382,000 after purchasing an additional 33,852 shares during the period. Mizuho Markets Americas LLC lifted its stake in shares of AerCap by 15.8% in the 1st quarter. Mizuho Markets Americas LLC now owns 136,750 shares of the financial services provider’s stock valued at $11,885,000 after acquiring an additional 18,700 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of AerCap by 2.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,077 shares of the financial services provider’s stock valued at $1,807,000 after acquiring an additional 451 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in AerCap during the 1st quarter valued at about $714,000. 96.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AER has been the subject of several recent research reports. Susquehanna boosted their price objective on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research report on Friday, August 2nd. TD Cowen reiterated a “buy” rating and set a $125.00 price target on shares of AerCap in a report on Monday, July 29th. Barclays upped their price target on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price 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 research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $110.83.

AerCap Stock Down 0.1 %

Shares of NYSE AER traded down $0.05 on Friday, reaching $95.08. 37,607 shares of the company’s stock traded hands, compared to its average volume of 1,438,657. 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 business’s 50 day simple moving average is $95.09 and its two-hundred day simple moving average is $93.33. AerCap Holdings has a 12 month low of $66.34 and a 12 month high of $99.68. The company has a market cap of $18.82 billion, a price-to-earnings ratio of 7.54, a price-to-earnings-growth ratio of 2.13 and a beta of 1.83.

AerCap (NYSE:AER) last announced its quarterly earnings data 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. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the business earned $2.81 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, equities research analysts forecast that AerCap Holdings will post 11.26 EPS for the current fiscal year.

AerCap Dividend Announcement

The company also recently declared 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. This represents a $1.00 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap’s payout ratio is 7.92%.

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.