State of Wyoming Sells 1,090 Shares of AerCap Holdings (NYSE:AER)

State of Wyoming decreased its stake in shares of AerCap Holdings (NYSE:AER) by 18.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,897 shares of the financial services provider’s stock after selling 1,090 shares during the quarter. State of Wyoming’s holdings in AerCap were worth $469,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. 59 North Capital Management LP increased its holdings in shares of AerCap by 17.0% during the fourth quarter. 59 North Capital Management LP now owns 3,704,914 shares of the financial services provider’s stock valued at $354,560,000 after acquiring an additional 538,703 shares in the last quarter. Lyrical Asset Management LP increased its stake in AerCap by 1.3% during 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 purchasing an additional 38,264 shares in the last quarter. Cooke & Bieler LP raised its holdings in AerCap by 3.0% in the fourth quarter. Cooke & Bieler LP now owns 2,934,185 shares of the financial services provider’s stock worth $280,802,000 after buying an additional 86,548 shares during the last quarter. Ninety One UK Ltd grew its holdings in shares of AerCap by 7.0% during the fourth quarter. Ninety One UK Ltd now owns 2,550,350 shares of the financial services provider’s stock valued at $244,068,000 after buying an additional 167,830 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of AerCap during the fourth quarter valued at approximately $218,517,000. 96.42% of the stock is owned by institutional investors.

AerCap Trading Up 0.5%

AerCap stock opened at $113.66 on Tuesday. AerCap Holdings has a 52-week low of $82.21 and a 52-week high of $114.33. The company has a market cap of $21.23 billion, a P/E ratio of 9.01, 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 has a 50-day simple moving average of $101.88 and a two-hundred day simple moving average of $98.83.

AerCap (NYSE:AER) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the business posted $3.29 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. Analysts predict that AerCap Holdings will post 11.29 EPS for the current year.

AerCap Dividend Announcement

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 $0.27 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $1.08 annualized dividend and a dividend yield of 0.95%. AerCap’s dividend payout ratio (DPR) is 9.58%.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on AerCap from $112.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Bank of America upped their price target on AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, March 7th. Morgan Stanley lifted 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 reissued an “overweight” rating and issued a $115.00 target price (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Finally, Susquehanna raised their price target on shares of AerCap from $120.00 to $130.00 and gave the company a “positive” rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.