Swiss National Bank Has $55.08 Million Stock Holdings in AerCap Holdings (NYSE:AER)

Swiss National Bank lowered its position in shares of AerCap Holdings (NYSE:AER) by 4.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 581,500 shares of the financial services provider’s stock after selling 29,200 shares during the quarter. Swiss National Bank’s holdings in AerCap were worth $55,080,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AER. O Shaughnessy Asset Management LLC acquired a new position in shares of AerCap in the 1st quarter valued at $714,000. Seven Eight Capital LP lifted its holdings in AerCap by 9.7% during the first quarter. Seven Eight Capital LP now owns 8,800 shares of the financial services provider’s stock worth $765,000 after acquiring an additional 778 shares in the last quarter. Lake Street Advisors Group LLC acquired a new position in AerCap in the first quarter valued at about $397,000. Canada Pension Plan Investment Board increased its holdings in shares of AerCap by 51.7% in the first quarter. Canada Pension Plan Investment Board now owns 281,013 shares of the financial services provider’s stock worth $24,423,000 after acquiring an additional 95,823 shares in the last quarter. Finally, Quadrature Capital Ltd raised its position in shares of AerCap by 38.4% during the first quarter. Quadrature Capital Ltd now owns 27,654 shares of the financial services provider’s stock worth $2,401,000 after purchasing an additional 7,676 shares during the period. Institutional investors own 96.42% of the company’s stock.

AerCap Stock Up 0.8 %

AerCap stock opened at $95.73 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The company has a fifty day simple moving average of $95.37 and a 200 day simple moving average of $93.62. The company has a market cap of $18.95 billion, a P/E ratio of 7.59, a price-to-earnings-growth ratio of 2.15 and a beta of 1.83. AerCap Holdings has a 1-year low of $66.34 and a 1-year high of $99.68.

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

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, November 13th. AerCap’s dividend payout ratio (DPR) is presently 7.92%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays increased their target price on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Susquehanna raised their price objective on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen reissued a “buy” rating and issued a $125.00 price target on shares of AerCap in a research note on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.83.

AerCap Company 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.