19,077 AerCap Holdings N.V. $AER Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its stake in AerCap Holdings N.V. (NYSE:AER) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 318,048 shares of the financial services provider’s stock after selling 19,077 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in AerCap were worth $45,646,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in AER. Williams & Novak LLC increased its position in AerCap by 4.6% in the second quarter. Williams & Novak LLC now owns 1,531 shares of the financial services provider’s stock worth $223,000 after buying an additional 68 shares during the period. Parallel Advisors LLC boosted its stake in AerCap by 7.1% during the first quarter. Parallel Advisors LLC now owns 1,110 shares of the financial services provider’s stock worth $152,000 after buying an additional 74 shares in the last quarter. Contravisory Investment Management Inc. increased its position in AerCap by 4.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 1,968 shares of the financial services provider’s stock valued at $287,000 after acquiring an additional 79 shares in the last quarter. Integrated Advisors Network LLC lifted its stake in AerCap by 1.5% in the third quarter. Integrated Advisors Network LLC now owns 5,567 shares of the financial services provider’s stock valued at $799,000 after buying an additional 81 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of AerCap by 6.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 1,787 shares of the financial services provider’s stock valued at $256,000 after buying an additional 101 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Stock Up 2.1%

Shares of AER opened at $165.86 on Thursday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 2.32. The firm has a fifty day moving average price of $146.72 and a 200-day moving average price of $144.91. The firm has a market capitalization of $27.68 billion, a P/E ratio of 8.50, a P/E/G ratio of 0.55 and a beta of 0.99. AerCap Holdings N.V. has a 12-month low of $129.85 and a 12-month high of $165.97.

AerCap (NYSE:AER) last released its earnings results on Wednesday, October 28th. The financial services provider reported $6.56 EPS for the quarter, topping analysts’ consensus estimates of $4.56 by $2.00. AerCap had a return on equity of 18.26% and a net margin of 34.47%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the previous year, the company posted $4.97 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. Equities research analysts expect that AerCap Holdings N.V. will post 22.14 earnings per share for the current year.

AerCap Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Wednesday, November 11th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Tuesday, November 10th. AerCap’s dividend payout ratio (DPR) is 8.20%.

Analyst Ratings Changes

AER has been the topic of several research analyst reports. TD Cowen increased their price objective on shares of AerCap from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. JPMorgan Chase & Co. lifted their price objective on shares of AerCap from $183.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, October 29th. Morgan Stanley increased their price target on AerCap from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 29th. Weiss Ratings raised shares of AerCap from a “buy (a-)” rating to a “buy (a)” rating in a report on Friday, October 30th. Finally, Citigroup increased their price target on shares of AerCap from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, AerCap presently has a consensus rating of “Buy” and an average price target of $185.88.

About AerCap

AerCap Holdings N.V. is a global aviation leasing company headquartered in Dublin, Ireland, and listed on the New York Stock Exchange under the symbol AER. Through its subsidiaries, AerCap owns, manages and leases commercial aircraft, engines and helicopters to airlines and other aviation customers worldwide.

The company provides operating leases, finance leases, aircraft trading and asset management services. Its fleet portfolio includes aircraft from major manufacturers such as Airbus and Boeing, as well as engines and helicopters.