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

PNC Financial Services Group Inc. decreased its position in shares of Aercap Holdings N.V. (NYSE:AER) by 5.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 134,805 shares of the financial services provider’s stock after selling 7,728 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Aercap were worth $19,380,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Wedmont Private Capital increased its position in Aercap by 3.9% during the fourth quarter. Wedmont Private Capital now owns 1,979 shares of the financial services provider’s stock worth $290,000 after buying an additional 74 shares during the period. Argentarii LLC grew its stake in shares of Aercap by 2.8% in the 4th quarter. Argentarii LLC now owns 2,793 shares of the financial services provider’s stock valued at $402,000 after purchasing an additional 77 shares during the last quarter. Savant Capital LLC grew its stake in shares of Aercap by 2.4% in the 3rd quarter. Savant Capital LLC now owns 3,417 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 80 shares during the last quarter. Huntington National Bank grew its stake in shares of Aercap by 11.7% in the 3rd quarter. Huntington National Bank now owns 895 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 94 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Aercap by 26.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Aercap Stock Down 0.6%

Aercap stock opened at $138.68 on Friday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24. Aercap Holdings N.V. has a 1-year low of $105.65 and a 1-year high of $154.94. The company has a market cap of $23.14 billion, a PE ratio of 6.08, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95. The stock’s 50 day moving average price is $140.37 and its 200 day moving average price is $141.37.

Aercap (NYSE:AER) last posted its quarterly earnings results 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 firm had revenue of $2.30 billion for the quarter. On average, sell-side analysts predict that Aercap Holdings N.V. will post 17.23 EPS for the current fiscal year.

Aercap Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Wednesday, May 13th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, May 13th. Aercap’s dividend payout ratio (DPR) is presently 7.01%.

Aercap announced that its board has approved a share buyback program on Wednesday, April 29th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft set a $175.00 target price on Aercap and gave the company a “buy” rating in a research note on Tuesday, February 10th. Zacks Research upgraded Aercap from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. lifted their target price on Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. 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. Finally, Barclays lifted their target price on Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $163.13.

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.