Aercap Holdings N.V. $AER Shares Sold by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lessened its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 16.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 142,300 shares of the financial services provider’s stock after selling 27,500 shares during the period. KLP Kapitalforvaltning AS’s holdings in Aercap were worth $20,457,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Aercap by 30.8% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 405,254 shares of the financial services provider’s stock valued at $58,295,000 after acquiring an additional 95,540 shares in the last quarter. TABR Capital Management LLC purchased a new stake in Aercap during the 4th quarter valued at about $264,000. Evergreen Capital Management LLC grew its stake in Aercap by 8.1% during the 4th quarter. Evergreen Capital Management LLC now owns 4,268 shares of the financial services provider’s stock valued at $614,000 after acquiring an additional 318 shares in the last quarter. PFG Advisors grew its stake in Aercap by 8.3% during the 4th quarter. PFG Advisors now owns 5,631 shares of the financial services provider’s stock valued at $810,000 after acquiring an additional 433 shares in the last quarter. Finally, Krilogy Financial LLC purchased a new stake in Aercap during the 4th quarter valued at about $572,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Aercap Stock Performance

Aercap stock opened at $139.05 on Friday. The firm has a 50 day simple moving average of $142.44 and a 200-day simple moving average of $138.73. Aercap Holdings N.V. has a 1-year low of $99.04 and a 1-year high of $154.94. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market cap of $23.20 billion, a price-to-earnings ratio of 6.52, a price-to-earnings-growth ratio of 1.22 and a beta of 0.99.

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

Aercap Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders 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. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Aercap’s dividend payout ratio is currently 7.50%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AER. Deutsche Bank Aktiengesellschaft set a $175.00 price objective on shares of Aercap and gave the company a “buy” rating in a research note on Tuesday, February 10th. Barclays upped their price objective on shares of Aercap from $144.00 to $162.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Morgan Stanley upped their price objective on shares of Aercap from $150.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Zacks Research cut shares of Aercap from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Aercap in a research note on Monday. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Aercap currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.38.

Aercap 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.