AerCap Holdings (NYSE:AER) Shares Sold by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC trimmed its holdings in shares of AerCap Holdings (NYSE:AER) by 8.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,092,230 shares of the financial services provider’s stock after selling 193,775 shares during the period. Lord Abbett & CO. LLC owned about 1.06% of AerCap worth $198,176,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AER. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of AerCap by 2.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,077 shares of the financial services provider’s stock valued at $1,807,000 after acquiring an additional 451 shares in the last quarter. Swedbank AB raised its position in AerCap by 12.8% in the second quarter. Swedbank AB now owns 96,244 shares of the financial services provider’s stock valued at $8,970,000 after purchasing an additional 10,933 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of AerCap by 66.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 279,803 shares of the financial services provider’s stock worth $26,503,000 after purchasing an additional 112,084 shares in the last quarter. KBC Group NV boosted its position in shares of AerCap by 18.7% in the third quarter. KBC Group NV now owns 350,888 shares of the financial services provider’s stock worth $33,236,000 after buying an additional 55,213 shares during the period. Finally, Summit Global Investments acquired a new stake in shares of AerCap in the third quarter valued at about $667,000. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

AerCap Stock Performance

AerCap stock 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 current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The stock has a market cap of $18.93 billion, a P/E ratio of 7.58, a price-to-earnings-growth ratio of 2.17 and a beta of 1.82. The stock has a 50 day moving average of $96.39 and a 200-day moving average of $94.39.

AerCap (NYSE:AER) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, meeting analysts’ consensus estimates of $2.41. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.81 EPS. On average, analysts expect that AerCap Holdings will post 11.26 EPS for the current fiscal year.

AerCap Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently commented on AER shares. Deutsche Bank Aktiengesellschaft boosted their price target on AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 target price on shares of AerCap in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, AerCap currently has an average rating of “Moderate Buy” and an average target price of $112.00.

AerCap Company 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.