Two Sigma Advisers LP Trims Holdings in AerCap Holdings (NYSE:AER)

Two Sigma Advisers LP trimmed its position in AerCap Holdings (NYSE:AER) by 30.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 382,200 shares of the financial services provider’s stock after selling 166,200 shares during the quarter. Two Sigma Advisers LP’s holdings in AerCap were worth $36,577,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its holdings in 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 acquiring an additional 44,797 shares during the period. Ritholtz Wealth Management lifted its holdings in AerCap by 18.0% in the fourth quarter. Ritholtz Wealth Management now owns 9,516 shares of the financial services provider’s stock valued at $911,000 after acquiring an additional 1,455 shares during the period. Transform Wealth LLC lifted its holdings in AerCap by 13.0% in the fourth 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 during the period. SG Americas Securities LLC lifted its holdings in AerCap by 159.8% in the fourth quarter. SG Americas Securities LLC now owns 46,261 shares of the financial services provider’s stock valued at $4,427,000 after acquiring an additional 28,452 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in AerCap by 6.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 449,209 shares of the financial services provider’s stock valued at $42,989,000 after acquiring an additional 26,434 shares during the period. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

AerCap Trading Up 0.5%

Shares of AER stock opened at $113.66 on Tuesday. 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 $114.33. The company has a market cap of $21.23 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 2.22 and a beta of 1.41. The stock has a 50 day simple moving average of $101.88 and a 200-day simple moving average of $98.83.

AerCap (NYSE:AER) last issued its quarterly 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 return on equity of 13.98% and a net margin of 32.38%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the business 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 EPS for the current fiscal year.

AerCap announced that its Board of Directors has approved a stock buyback program on Wednesday, February 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to purchase up to 4.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

AerCap Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 14th will be given a dividend of $0.27 per share. 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%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. UBS Group downgraded AerCap to an “underperform” rating in a report on Friday, March 7th. Barclays reissued an “overweight” rating and issued a $115.00 price target (up from $113.00) on shares of AerCap in a report on Thursday, February 27th. JPMorgan Chase & Co. upped their target price on AerCap from $112.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. 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, 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. One 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.25.

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.