Assenagon Asset Management S.A. Sells 524,961 Shares of Aercap Holdings N.V. $AER

Assenagon Asset Management S.A. cut its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 38.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 835,657 shares of the financial services provider’s stock after selling 524,961 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Aercap were worth $114,635,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Integrated Wealth Concepts LLC grew its stake in Aercap by 19.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock valued at $271,000 after buying an additional 423 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Aercap by 282.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,659 shares of the financial services provider’s stock worth $680,000 after acquiring an additional 4,919 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Aercap by 26.6% during the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 94 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Aercap by 43.3% during the second quarter. Invesco Ltd. now owns 459,459 shares of the financial services provider’s stock worth $53,757,000 after acquiring an additional 138,843 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Aercap by 59.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,143 shares of the financial services provider’s stock worth $134,000 after acquiring an additional 425 shares during the period. Institutional investors own 96.42% of the company’s stock.

Aercap Price Performance

Aercap stock opened at $147.91 on Thursday. The firm has a market cap of $24.68 billion, a PE ratio of 6.48, a price-to-earnings-growth ratio of 1.02 and a beta of 0.93. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24. The stock’s fifty day moving average price is $141.44 and its two-hundred day moving average price is $142.43. Aercap Holdings N.V. has a one year low of $105.65 and a one year high of $154.94.

Aercap (NYSE:AER) last released its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. The firm had revenue of $2.30 billion during the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%. As a group, research analysts expect that Aercap Holdings N.V. will post 17.23 EPS for the current fiscal year.

Aercap declared that its Board of Directors has approved a stock repurchase plan on Wednesday, April 29th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Aercap Dividend Announcement

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

Wall Street Analyst Weigh In

AER has been the topic of a number of recent research reports. Zacks Research lowered Aercap from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. JPMorgan Chase & Co. boosted their price target on Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings lowered Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, May 26th. TD Cowen increased their price objective on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Susquehanna boosted their target price on shares of Aercap from $165.00 to $170.00 and gave the company a “positive” rating in a research report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $163.12.

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.