Aercap Holdings N.V. $AER Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 28.6% during the first quarter, HoldingsChannel.com reports. The fund owned 96,204 shares of the financial services provider’s stock after selling 38,601 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Aercap were worth $13,197,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Oslo Pensjonsforsikring AS purchased a new stake in Aercap in the 1st quarter valued at $244,000. Andra AP fonden grew its position in Aercap by 147.8% during the 1st quarter. Andra AP fonden now owns 98,143 shares of the financial services provider’s stock worth $13,463,000 after purchasing an additional 58,543 shares during the last quarter. Resolute Advisors LLC purchased a new position in Aercap during the 1st quarter worth $476,000. Convergence Investment Partners LLC grew its position in Aercap by 8.8% during the 1st quarter. Convergence Investment Partners LLC now owns 11,503 shares of the financial services provider’s stock worth $1,578,000 after purchasing an additional 932 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Aercap by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 20,449 shares of the financial services provider’s stock valued at $2,805,000 after purchasing an additional 689 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

Aercap Trading Up 1.9%

NYSE AER opened at $151.33 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $25.25 billion, a P/E ratio of 6.63, a P/E/G ratio of 1.05 and a beta of 0.94. Aercap Holdings N.V. has a 52-week low of $105.65 and a 52-week high of $155.99. The firm has a 50-day moving average price of $143.77 and a 200 day moving average price of $143.36.

Aercap (NYSE:AER) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%.The company had revenue of $2.30 billion for the quarter. Equities research analysts expect that Aercap Holdings N.V. will post 17.39 EPS for the current year.

Aercap declared that its board has initiated a stock buyback program on Wednesday, April 29th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Aercap Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were paid a $0.40 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Aercap’s payout ratio is 7.01%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Susquehanna boosted their price target on Aercap from $170.00 to $176.00 and gave the company a “positive” rating in a research report on Tuesday, July 7th. Barclays upped their price objective on Aercap from $164.00 to $179.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Zacks Research raised Aercap from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Finally, Morgan Stanley lowered their target price on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Aercap has a consensus rating of “Buy” and a consensus target price of $168.67.

Aercap Profile

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.