Sumitomo Mitsui Trust Holdings Inc. Reduces Position in AerCap Holdings (NYSE:AER)

Sumitomo Mitsui Trust Holdings Inc. reduced its position in shares of AerCap Holdings (NYSE:AER) by 6.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 390,584 shares of the financial services provider’s stock after selling 27,487 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in AerCap were worth $36,402,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in AerCap in the fourth quarter valued at $145,951,000. Artisan Partners Limited Partnership acquired a new stake in shares of AerCap during the 4th quarter worth about $137,412,000. TOMS Capital Investment Management LP purchased a new stake in AerCap during the fourth quarter worth approximately $133,330,000. Franklin Resources Inc. boosted its holdings in AerCap by 32.0% in the fourth quarter. Franklin Resources Inc. now owns 6,090,321 shares of the financial services provider’s stock valued at $452,633,000 after purchasing an additional 1,476,236 shares in the last quarter. Finally, Castle Hook Partners LP acquired a new position in AerCap in the first quarter valued at approximately $94,062,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Trading Down 0.7 %

Shares of AER stock opened at $93.43 on Monday. AerCap Holdings has a 1-year low of $57.30 and a 1-year high of $98.79. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.26 and a quick ratio of 0.26. The business’s fifty day moving average price is $92.96 and its 200 day moving average price is $87.58. The firm has a market capitalization of $18.49 billion, a PE ratio of 6.08, a P/E/G ratio of 2.28 and a beta of 1.83.

AerCap (NYSE:AER) last posted its earnings results on Thursday, August 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.60. AerCap had a return on equity of 15.21% and a net margin of 42.02%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the company earned $2.56 EPS. AerCap’s revenue was up 1.8% on a year-over-year basis. As a group, sell-side analysts forecast that AerCap Holdings will post 10.25 EPS for the current fiscal year.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Wednesday, August 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Wednesday, August 14th. AerCap’s payout ratio is 6.51%.

Analyst Ratings Changes

AER has been the subject of several research analyst reports. TD Cowen restated a “buy” rating and issued a $125.00 target price on shares of AerCap in a report on Monday, July 29th. Barclays raised their price target on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on AerCap from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Morgan Stanley started coverage on AerCap in a research note on Friday, June 7th. They issued an “equal weight” rating and a $103.00 target price on the stock. Finally, Susquehanna boosted their target price on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $102.38.

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.