Steamboat Capital Partners LLC Cuts Stock Holdings in AerCap Holdings (NYSE:AER)

Steamboat Capital Partners LLC decreased its holdings in shares of AerCap Holdings (NYSE:AER) by 2.0% in the 4th quarter, Holdings Channel reports. The firm owned 95,952 shares of the financial services provider’s stock after selling 1,985 shares during the period. AerCap comprises 2.9% of Steamboat Capital Partners LLC’s investment portfolio, making the stock its 14th largest holding. Steamboat Capital Partners LLC’s holdings in AerCap were worth $9,183,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AER. Barclays PLC grew its holdings in shares of AerCap by 95.5% during the third quarter. Barclays PLC now owns 91,707 shares of the financial services provider’s stock worth $8,687,000 after purchasing an additional 44,797 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of AerCap by 17.4% during the fourth quarter. Park Avenue Securities LLC now owns 22,173 shares of the financial services provider’s stock worth $2,122,000 after purchasing an additional 3,292 shares in the last quarter. Ritholtz Wealth Management grew its holdings in shares of AerCap by 18.0% during the fourth quarter. Ritholtz Wealth Management now owns 9,516 shares of the financial services provider’s stock worth $911,000 after purchasing an additional 1,455 shares in the last quarter. O Keefe Stevens Advisory Inc. grew its holdings in shares of AerCap by 11.0% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 93,454 shares of the financial services provider’s stock worth $8,944,000 after purchasing an additional 9,277 shares in the last quarter. Finally, Transform Wealth LLC grew its holdings in shares of AerCap by 13.0% during the fourth quarter. Transform Wealth LLC now owns 127,208 shares of the financial services provider’s stock worth $12,174,000 after purchasing an additional 14,619 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Stock Down 0.3%

Shares of NYSE AER opened at $113.24 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a 52 week low of $82.21 and a 52 week high of $114.33. The firm’s fifty day moving average is $101.55 and its 200 day moving average is $98.66. The company has a market cap of $21.15 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 2.22 and a beta of 1.41.

AerCap (NYSE:AER) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $3.68 EPS for the quarter, topping the consensus estimate of $2.69 by $0.99. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the firm earned $3.29 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts expect that AerCap Holdings will post 11.29 earnings per share for the current year.

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

AerCap Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 14th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Wednesday, May 14th. AerCap’s payout ratio is 9.58%.

Analysts Set New Price Targets

AER has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on AerCap from $101.00 to $111.00 and gave the stock an “equal weight” rating in a report on Thursday, May 1st. Barclays reaffirmed an “overweight” rating and issued a $115.00 target price (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Susquehanna upped their target price on AerCap from $120.00 to $130.00 and gave the stock a “positive” rating in a research note on Tuesday, May 13th. Bank of America upped their target price on AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, UBS Group lowered AerCap to an “underperform” rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $119.25.

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.