Donald Smith & CO. Inc. Reduces Stock Holdings in AerCap Holdings (NYSE:AER)

Donald Smith & CO. Inc. lowered its position in shares of AerCap Holdings (NYSE:AER) by 14.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,501,313 shares of the financial services provider’s stock after selling 578,757 shares during the quarter. AerCap accounts for about 8.3% of Donald Smith & CO. Inc.’s holdings, making the stock its largest position. Donald Smith & CO. Inc. owned approximately 1.77% of AerCap worth $326,322,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. grew its position in AerCap by 89.9% during the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 134 shares in the last quarter. Trust Co. of Vermont purchased a new position in AerCap during the fourth quarter valued at approximately $27,000. Mather Group LLC. grew its position in AerCap by 230.1% during the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 214 shares in the last quarter. Assetmark Inc. purchased a new position in AerCap during the fourth quarter valued at approximately $42,000. Finally, CVA Family Office LLC purchased a new position in AerCap during the first quarter valued at approximately $52,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on AER shares. TD Cowen reaffirmed a “buy” rating and set a $125.00 price objective on shares of AerCap in a research report on Monday, July 29th. Barclays boosted their target price on shares of AerCap from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Susquehanna boosted their target price on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley started coverage on shares of AerCap in a report on Friday, June 7th. They set an “equal weight” rating and a $103.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, AerCap has an average rating of “Moderate Buy” and an average price target of $102.38.

AerCap Price Performance

NYSE:AER opened at $93.82 on Monday. The stock has a market cap of $18.57 billion, a P/E ratio of 6.10, a PEG ratio of 2.06 and a beta of 1.83. AerCap Holdings has a one year low of $57.30 and a one year high of $98.79. The company has a fifty day moving average price of $93.41 and a 200 day moving average price of $89.94. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.29 and a quick ratio of 0.29.

AerCap (NYSE:AER) last announced its quarterly earnings data 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 net margin of 42.02% and a return on equity of 15.12%. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the prior year, the company posted $2.56 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Analysts anticipate that AerCap Holdings will post 11.33 earnings per share for the current year.

AerCap Announces Dividend

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

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.