Global Retirement Partners LLC lifted its holdings in Aercap Holdings N.V. (NYSE:AER – Free Report) by 75.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,899 shares of the financial services provider’s stock after purchasing an additional 5,544 shares during the quarter. Global Retirement Partners LLC’s holdings in Aercap were worth $1,854,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of AER. Harbor Capital Advisors Inc. purchased a new position in Aercap during the fourth quarter worth $27,000. Advisory Services Network LLC purchased a new position in Aercap during the third quarter worth $35,000. Geneos Wealth Management Inc. boosted its stake in Aercap by 26.6% during the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after buying an additional 94 shares during the period. GAMMA Investing LLC boosted its stake in Aercap by 36.5% during the fourth quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock worth $52,000 after buying an additional 96 shares during the period. Finally, JFS Wealth Advisors LLC purchased a new position in Aercap during the third quarter worth $67,000. 96.42% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. Morgan Stanley dropped their price objective on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. TD Cowen lifted their price objective on shares of Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Barclays lifted their price objective on shares of Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings raised shares of Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft set a $175.00 price objective on shares of Aercap and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $163.13.
Aercap Stock Down 0.6%
Shares of AER opened at $138.68 on Friday. The firm has a market capitalization of $23.14 billion, a P/E ratio of 6.08, a P/E/G ratio of 0.97 and a beta of 0.95. Aercap Holdings N.V. has a 12-month low of $105.65 and a 12-month high of $154.94. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34. The firm has a fifty day moving average price of $140.37 and a 200-day moving average price of $141.37.
Aercap (NYSE:AER – Get Free Report) last issued its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) for the quarter. The firm had revenue of $2.30 billion during the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. Equities research analysts expect that Aercap Holdings N.V. will post 17.23 earnings per share for the current year.
Aercap Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Wednesday, May 13th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, May 13th. Aercap’s payout ratio is currently 7.01%.
Aercap announced that its Board of Directors has initiated a share buyback plan on Wednesday, April 29th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
Aercap Company Profile
AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.
Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
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