London Co. of Virginia Sells 24,513 Shares of AerCap Holdings (NYSE:AER)

London Co. of Virginia lessened its holdings in shares of AerCap Holdings (NYSE:AER) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,523,309 shares of the financial services provider’s stock after selling 24,513 shares during the period. AerCap makes up 1.8% of London Co. of Virginia’s portfolio, making the stock its 13th biggest position. London Co. of Virginia’s holdings in AerCap were worth $337,181,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in shares of AerCap by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 446,303 shares of the financial services provider’s stock valued at $42,711,000 after purchasing an additional 4,222 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in AerCap by 11.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 18,664 shares of the financial services provider’s stock valued at $1,786,000 after acquiring an additional 1,900 shares in the last quarter. Barclays PLC lifted its stake in AerCap by 95.5% in the 3rd quarter. Barclays PLC now owns 91,707 shares of the financial services provider’s stock valued at $8,687,000 after acquiring an additional 44,797 shares in the last quarter. Lyrical Asset Management LP lifted its stake in AerCap by 1.3% in the 4th quarter. Lyrical Asset Management LP now owns 3,097,840 shares of the financial services provider’s stock valued at $296,463,000 after acquiring an additional 38,264 shares in the last quarter. Finally, Transform Wealth LLC lifted its stake in AerCap by 13.0% in the 4th quarter. Transform Wealth LLC now owns 127,208 shares of the financial services provider’s stock valued at $12,174,000 after acquiring an additional 14,619 shares in the last quarter. Institutional investors own 96.42% of the company’s stock.

AerCap Trading Up 1.0%

Shares of AerCap stock opened at $109.48 on Monday. AerCap Holdings has a 12-month low of $82.21 and a 12-month high of $112.43. The stock has a market cap of $20.45 billion, a P/E ratio of 8.68, a P/E/G ratio of 2.22 and a beta of 1.41. 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 business’s 50 day moving average is $100.21 and its 200-day moving average is $98.08.

AerCap (NYSE:AER) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.99. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the business posted $3.29 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. Equities research analysts predict that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, May 14th. AerCap’s dividend payout ratio is currently 9.58%.

AerCap declared that its board has authorized a share repurchase program 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 programs are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AER shares. UBS Group cut AerCap to an “underperform” rating in a research note on Friday, March 7th. Morgan Stanley boosted their target price on AerCap from $101.00 to $111.00 and gave the company an “equal weight” rating in a research note on Thursday, May 1st. Susquehanna boosted their target price on AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a research note on Thursday, February 27th. Bank of America boosted their target price on AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted their target price on AerCap from $112.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, AerCap presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

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.