Aercap Holdings N.V. $AER Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. reduced its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 37.1% in the 4th quarter, Holdings Channel reports. The fund owned 1,247,877 shares of the financial services provider’s stock after selling 736,933 shares during the period. Goldman Sachs Group Inc.’s holdings in Aercap were worth $179,395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. purchased a new position in shares of Aercap during the 4th quarter valued at approximately $27,000. Advisory Services Network LLC acquired a new stake in Aercap during the third quarter valued at $35,000. GAMMA Investing LLC grew its position in Aercap by 36.5% during the fourth quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock valued at $52,000 after buying an additional 96 shares during the period. Geneos Wealth Management Inc. increased its holdings in Aercap by 26.6% in the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after buying an additional 94 shares in the last quarter. Finally, Leonteq Securities AG purchased a new position in Aercap in the fourth quarter valued at $68,000. 96.42% of the stock is owned by institutional investors and hedge funds.

Aercap Stock Down 0.2%

AER stock opened at $136.67 on Monday. Aercap Holdings N.V. has a 52 week low of $105.65 and a 52 week high of $154.94. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34. The firm has a 50-day simple moving average of $140.92 and a 200-day simple moving average of $141.66. The stock has a market capitalization of $22.81 billion, a P/E ratio of 5.99, a P/E/G ratio of 0.96 and a beta of 0.93.

Aercap (NYSE:AER) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%.The company had revenue of $2.30 billion for the quarter. Equities analysts forecast that Aercap Holdings N.V. will post 17.23 earnings per share for the current fiscal year.

Aercap Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 13th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. Aercap’s payout ratio is currently 7.01%.

Aercap declared that its board has approved a stock buyback plan on Wednesday, April 29th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have recently issued reports on AER. TD Cowen increased their target price on shares of Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $175.00 price target on Aercap and gave the stock a “buy” rating in a report on Tuesday, February 10th. Morgan Stanley dropped their price objective on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Barclays boosted their price objective on Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Zacks Research lowered Aercap from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.13.

About Aercap

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.