OneDigital Investment Advisors LLC Raises Position in AerCap Holdings (NYSE:AER)

OneDigital Investment Advisors LLC raised its holdings in shares of AerCap Holdings (NYSE:AER) by 380.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,145 shares of the financial services provider’s stock after buying an additional 8,823 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in AerCap were worth $1,067,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in shares of AerCap by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider’s stock valued at $545,726,000 after acquiring an additional 282,980 shares during the last quarter. Lyrical Asset Management LP raised its stake in AerCap by 1.3% in the fourth quarter. Lyrical Asset Management LP now owns 3,097,840 shares of the financial services provider’s stock valued at $296,463,000 after purchasing an additional 38,264 shares in the last quarter. Cooke & Bieler LP lifted its position in AerCap by 3.0% during the fourth quarter. Cooke & Bieler LP now owns 2,934,185 shares of the financial services provider’s stock valued at $280,802,000 after purchasing an additional 86,548 shares during the last quarter. Ninety One UK Ltd grew its stake in AerCap by 7.0% in the 4th quarter. Ninety One UK Ltd now owns 2,550,350 shares of the financial services provider’s stock worth $244,068,000 after buying an additional 167,830 shares in the last quarter. Finally, Norges Bank bought a new position in shares of AerCap in the 4th quarter worth $218,517,000. 96.42% of the stock is currently owned by institutional investors.

AerCap Stock Performance

NYSE:AER opened at $103.30 on Friday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. AerCap Holdings has a fifty-two week low of $82.21 and a fifty-two week high of $107.36. The firm has a market cap of $19.29 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 2.22 and a beta of 1.46. The business has a 50 day moving average price of $99.29 and a 200-day moving average price of $97.33.

AerCap (NYSE:AER) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.75. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.97 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. Equities research analysts predict that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.27 per share. This is a positive change from AerCap’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.05%. AerCap’s dividend payout ratio is presently 9.99%.

AerCap declared that its board has initiated a stock buyback plan on Wednesday, February 26th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to repurchase up to 4.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have recently issued reports on AER. Bank of America lifted their price objective on shares of AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Barclays reiterated an “overweight” rating and issued a $115.00 price objective (up from $113.00) on shares of AerCap in a report on Thursday, February 27th. Susquehanna raised their price objective on AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a report on Thursday, February 27th. UBS Group cut shares of AerCap to an “underperform” rating in a research report on Friday, March 7th. Finally, Morgan Stanley lowered their price objective on shares of AerCap from $112.00 to $101.00 and set an “equal weight” rating for the company in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $117.14.

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.