RBF Capital LLC lessened its holdings in Aercap Holdings N.V. (NYSE:AER – Free Report) by 12.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 35,000 shares of the financial services provider’s stock after selling 5,000 shares during the period. RBF Capital LLC’s holdings in Aercap were worth $5,032,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AER. Integrated Wealth Concepts LLC raised its stake in Aercap by 19.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 423 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Aercap by 282.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,659 shares of the financial services provider’s stock valued at $680,000 after buying an additional 4,919 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Aercap by 26.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after buying an additional 94 shares in the last quarter. Invesco Ltd. grew its holdings in Aercap by 43.3% during the 2nd quarter. Invesco Ltd. now owns 459,459 shares of the financial services provider’s stock valued at $53,757,000 after buying an additional 138,843 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Aercap by 59.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,143 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 425 shares in the last quarter. Institutional investors own 96.42% of the company’s stock.
Aercap Stock Performance
AER stock opened at $142.87 on Wednesday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24. The business has a 50-day moving average price of $141.26 and a 200 day moving average price of $141.99. The company has a market capitalization of $23.84 billion, a P/E ratio of 6.26, a PEG ratio of 0.99 and a beta of 0.93. Aercap Holdings N.V. has a 1-year low of $105.65 and a 1-year high of $154.94.
Aercap declared that its board has initiated a stock repurchase plan on Wednesday, April 29th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Aercap Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, May 13th. Aercap’s payout ratio is 7.01%.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on AER. Truist Financial raised their target price on shares of Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Zacks Research downgraded Aercap from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Morgan Stanley lowered their price target on Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. TD Cowen lifted their target price on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Susquehanna lifted their price objective on Aercap from $165.00 to $170.00 and gave the company a “positive” rating in a report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.13.
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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