Swedbank AB Makes New $7.41 Million Investment in AerCap Holdings (NYSE:AER)

Swedbank AB acquired a new stake in AerCap Holdings (NYSE:AER) in the first quarter, Holdings Channel reports. The institutional investor acquired 85,311 shares of the financial services provider’s stock, valued at approximately $7,414,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Trust Co. of Vermont purchased a new stake in shares of AerCap during the fourth quarter valued at approximately $27,000. Assetmark Inc. bought a new stake in AerCap in the fourth quarter valued at $42,000. CVA Family Office LLC purchased a new stake in shares of AerCap in the 1st quarter worth about $52,000. Global Retirement Partners LLC boosted its stake in shares of AerCap by 210.3% during the 1st quarter. Global Retirement Partners LLC now owns 754 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 511 shares in the last quarter. Finally, Bourgeon Capital Management LLC increased its position in shares of AerCap by 20,000.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 1,005 shares of the financial services provider’s stock valued at $75,000 after buying an additional 1,000 shares during the period. Institutional investors own 96.42% of the company’s stock.

AerCap Trading Down 5.9 %

NYSE:AER traded down $5.39 during midday trading on Friday, hitting $86.61. 3,672,831 shares of the company traded hands, compared to its average volume of 1,445,035. The firm has a market capitalization of $17.14 billion, a P/E ratio of 5.64, a P/E/G ratio of 2.28 and a beta of 1.83. The firm’s fifty day moving average is $93.02 and its 200-day moving average is $86.41. AerCap Holdings has a 12-month low of $57.30 and a 12-month high of $98.79. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 2.70.

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

AerCap Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Wednesday, August 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.15%. AerCap’s dividend payout ratio is currently 6.51%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley began coverage on shares of AerCap in a report on Friday, June 7th. They issued an “equal weight” rating and a $103.00 price objective for the company. Barclays upped their price target on AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday. Susquehanna raised their price target on AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a report on Friday. Deutsche Bank Aktiengesellschaft upped their price target on shares of AerCap from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, TD Cowen reissued a “buy” rating and set a $125.00 price objective on shares of AerCap in a research report on Monday, July 29th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.