AerCap Holdings (NYSE:AER) Shares Sold by M&T Bank Corp

M&T Bank Corp cut its position in AerCap Holdings (NYSE:AER) by 8.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,700 shares of the financial services provider’s stock after selling 1,379 shares during the quarter. M&T Bank Corp’s holdings in AerCap were worth $1,487,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of 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 buying an additional 134 shares during the last quarter. Truvestments Capital LLC acquired a new stake in AerCap in the 3rd quarter valued at approximately $35,000. UMB Bank n.a. raised its stake in AerCap by 35.5% during the 3rd quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 174 shares in the last quarter. Transamerica Financial Advisors Inc. bought a new stake in AerCap during the 3rd quarter valued at $64,000. Finally, Quantbot Technologies LP acquired a new position in AerCap during the 3rd quarter worth $66,000. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Price Performance

NYSE:AER opened at $95.66 on Friday. AerCap Holdings has a 52-week low of $70.48 and a 52-week high of $100.81. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a market cap of $18.93 billion, a P/E ratio of 7.58, a PEG ratio of 2.17 and a beta of 1.82. The business’s 50-day moving average price is $96.39 and its 200 day moving average price is $94.41.

AerCap (NYSE:AER) last announced its quarterly earnings data 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 company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the company posted $2.81 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts predict that AerCap Holdings will post 11.26 earnings per share for the current fiscal year.

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. AerCap’s dividend payout ratio (DPR) is presently 7.92%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AER. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 price target on shares of AerCap in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised their target price on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, AerCap presently has an average rating of “Moderate Buy” and a consensus target price of $112.00.

About AerCap

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.