Zurcher Kantonalbank Zurich Cantonalbank Has $20.75 Million Position in Aercap Holdings N.V. $AER

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of Aercap Holdings N.V. (NYSE:AER) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,356 shares of the financial services provider’s stock after selling 6,587 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.08% of Aercap worth $20,753,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Wedmont Private Capital boosted its position in shares of Aercap by 3.9% during the fourth quarter. Wedmont Private Capital now owns 1,979 shares of the financial services provider’s stock worth $290,000 after buying an additional 74 shares during the period. Argentarii LLC boosted its position in shares of Aercap by 2.8% during the fourth quarter. Argentarii LLC now owns 2,793 shares of the financial services provider’s stock worth $402,000 after buying an additional 77 shares during the period. Savant Capital LLC boosted its position in shares of Aercap by 2.4% during the third quarter. Savant Capital LLC now owns 3,417 shares of the financial services provider’s stock worth $413,000 after buying an additional 80 shares during the period. Kathmere Capital Management LLC boosted its position in shares of Aercap by 3.9% during the third quarter. Kathmere Capital Management LLC now owns 2,246 shares of the financial services provider’s stock worth $272,000 after buying an additional 85 shares during the period. Finally, Huntington National Bank boosted its position in shares of Aercap by 11.7% during the third quarter. Huntington National Bank now owns 895 shares of the financial services provider’s stock worth $108,000 after buying an additional 94 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

Aercap Stock Performance

AER opened at $140.53 on Wednesday. Aercap Holdings N.V. has a 52-week low of $95.04 and a 52-week high of $154.94. The firm has a market capitalization of $23.45 billion, a PE ratio of 6.59, a PEG ratio of 1.29 and a beta of 0.99. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.23 and a current ratio of 0.23. The business’s 50-day simple moving average is $142.81 and its 200 day simple moving average is $138.73.

Aercap (NYSE:AER) last released its earnings results on Saturday, February 7th. The financial services provider reported $3.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.64. Aercap had a return on equity of 15.11% and a net margin of 44.04%.The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the prior year, the company posted $3.31 earnings per share. Aercap’s revenue was up 8.3% on a year-over-year basis. As a group, sell-side analysts expect that Aercap Holdings N.V. will post 15.4 earnings per share for the current fiscal year.

Aercap Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, February 25th were paid a $0.40 dividend. This is a positive change from Aercap’s previous quarterly dividend of $0.27. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, February 25th. Aercap’s dividend payout ratio is currently 7.50%.

Analyst Ratings Changes

AER has been the subject of several recent research reports. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Aercap in a research report on Monday. Deutsche Bank Aktiengesellschaft set a $175.00 price objective on Aercap and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Zacks Research cut Aercap from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Morgan Stanley upped their target price on Aercap from $150.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Finally, TD Cowen reiterated a “buy” rating on shares of Aercap in a report on Monday, March 16th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $153.38.

Aercap Company Profile

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.