AerCap Holdings (NYSE:AER) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its holdings in shares of AerCap Holdings (NYSE:AER) by 14.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,211 shares of the financial services provider’s stock after selling 1,844 shares during the quarter. D.A. Davidson & CO.’s holdings in AerCap were worth $1,062,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AER. Assenagon Asset Management S.A. increased its position in shares of AerCap by 176.2% during the third quarter. Assenagon Asset Management S.A. now owns 753,267 shares of the financial services provider’s stock valued at $71,349,000 after acquiring an additional 480,551 shares during the last quarter. Point72 Asset Management L.P. raised its position in AerCap by 182.3% in the second quarter. Point72 Asset Management L.P. now owns 663,587 shares of the financial services provider’s stock valued at $61,846,000 after purchasing an additional 428,487 shares during the period. Wedge Capital Management L L P NC raised its position in AerCap by 3,568.6% in the third quarter. Wedge Capital Management L L P NC now owns 427,756 shares of the financial services provider’s stock valued at $40,517,000 after purchasing an additional 416,096 shares during the period. Davidson Kempner Capital Management LP acquired a new position in AerCap during the second quarter worth $31,688,000. Finally, AGF Management Ltd. boosted its position in shares of AerCap by 35.4% during the second quarter. AGF Management Ltd. now owns 1,068,447 shares of the financial services provider’s stock worth $99,579,000 after buying an additional 279,561 shares during the period. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

AerCap Price Performance

Shares of NYSE AER opened at $99.36 on Monday. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $19.67 billion, a price-to-earnings ratio of 7.87, a price-to-earnings-growth ratio of 2.24 and a beta of 1.83. The stock’s 50-day moving average is $96.01 and its two-hundred day moving average is $94.08. AerCap Holdings has a 1-year low of $66.72 and a 1-year high of $100.81.

AerCap (NYSE:AER) last released its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.41. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.81 earnings per share. Analysts forecast that AerCap Holdings will post 11.26 EPS for the current fiscal year.

AerCap Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.01%. AerCap’s payout ratio is 7.92%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AER. Deutsche Bank Aktiengesellschaft boosted their price objective on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group reiterated a “buy” rating and set a $119.00 price target on shares of AerCap in a research note on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $112.00.

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.