Occudo Quantitative Strategies LP Acquires Shares of 11,121 AerCap Holdings (NYSE:AER)

Occudo Quantitative Strategies LP acquired a new stake in AerCap Holdings (NYSE:AER) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,121 shares of the financial services provider’s stock, valued at approximately $1,064,000.

Several other institutional investors have also bought and sold shares of the company. Barclays PLC raised its stake in shares of AerCap by 95.5% in the third quarter. Barclays PLC now owns 91,707 shares of the financial services provider’s stock valued at $8,687,000 after buying an additional 44,797 shares during the period. Fiduciary Alliance LLC purchased a new stake in AerCap in the 4th quarter worth about $2,007,000. Eagle Bay Advisors LLC increased its holdings in AerCap by 1,148.5% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 1,160 shares during the last quarter. Miracle Mile Advisors LLC bought a new stake in AerCap in the 4th quarter valued at about $743,000. Finally, 180 Wealth Advisors LLC lifted its holdings in AerCap by 7.6% during the fourth quarter. 180 Wealth Advisors LLC now owns 11,219 shares of the financial services provider’s stock valued at $1,074,000 after purchasing an additional 788 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Stock Performance

NYSE AER opened at $112.08 on Wednesday. The company’s 50 day simple moving average is $100.61 and its two-hundred day simple moving average is $98.29. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. AerCap Holdings has a 1 year low of $82.21 and a 1 year high of $113.10. The stock has a market capitalization of $20.93 billion, a PE ratio of 8.88, a P/E/G ratio of 2.22 and a beta of 1.41.

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

AerCap Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Wednesday, May 14th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.08 annualized dividend and a dividend yield of 0.96%. AerCap’s payout ratio is currently 9.58%.

AerCap declared that its Board of Directors has approved a stock buyback program on Wednesday, February 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 4.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

AER has been the subject of a number of research reports. UBS Group lowered shares of AerCap to an “underperform” rating in a research report on Friday, March 7th. Morgan Stanley upped their price target on shares of AerCap from $101.00 to $111.00 and gave the company an “equal weight” rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. lifted their price objective on shares of AerCap from $112.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Bank of America boosted their target price on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, March 7th. Finally, Barclays restated an “overweight” rating and set a $115.00 target price (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $119.25.

AerCap 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.