Janney Montgomery Scott LLC boosted its position in shares of Aercap Holdings N.V. (NYSE:AER – Free Report) by 2.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 486,450 shares of the financial services provider’s stock after acquiring an additional 10,406 shares during the period. Janney Montgomery Scott LLC’s holdings in Aercap were worth $66,731,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of AER. Harbor Capital Advisors Inc. acquired a new position in shares of Aercap during the fourth quarter worth $27,000. Greenline Wealth Management LLC acquired a new stake in shares of Aercap in the 4th quarter worth $30,000. Advisory Services Network LLC acquired a new stake in Aercap in the third quarter worth about $35,000. Geneos Wealth Management Inc. grew its stake in shares of 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 acquiring an additional 94 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of 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 acquiring an additional 96 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.
Aercap Trading Up 0.1%
Aercap stock opened at $148.92 on Monday. The firm has a market cap of $24.85 billion, a PE ratio of 6.53, a P/E/G ratio of 1.04 and a beta of 0.93. Aercap Holdings N.V. has a 12 month low of $105.65 and a 12 month high of $154.94. The stock’s 50 day simple moving average is $141.48 and its two-hundred day simple moving average is $142.57. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34.
Aercap announced that its board has approved a share buyback plan on Wednesday, April 29th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
Aercap Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th were given a $0.40 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Aercap’s dividend payout ratio is 7.01%.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on AER. Morgan Stanley decreased 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 report on Thursday, April 30th. Zacks Research lowered shares of Aercap from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. TD Cowen boosted their price objective on shares of Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Barclays upped their target price on Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Truist Financial raised their target price on Aercap from $159.00 to $161.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Aercap presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.12.
View Our Latest Stock Analysis on Aercap
Aercap 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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