Engle Capital Management L.P. Grows Stock Position in AerCap Holdings (NYSE:AER)

Engle Capital Management L.P. raised its position in shares of AerCap Holdings (NYSE:AER) by 42.4% during the 4th quarter, Holdings Channel reports. The fund owned 185,000 shares of the financial services provider’s stock after purchasing an additional 55,060 shares during the period. AerCap makes up approximately 5.3% of Engle Capital Management L.P.’s investment portfolio, making the stock its 8th biggest position. Engle Capital Management L.P.’s holdings in AerCap were worth $17,704,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 59 North Capital Management LP raised its stake in 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 purchasing an additional 538,703 shares in the last quarter. Lyrical Asset Management LP lifted its holdings in shares of AerCap by 1.3% in 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 acquiring an additional 38,264 shares during the last quarter. Cooke & Bieler LP grew its position 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 acquiring an additional 86,548 shares in the last quarter. Ninety One UK Ltd increased its stake in 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 worth $244,068,000 after acquiring an additional 167,830 shares during the last quarter. Finally, Norges Bank bought a new stake in AerCap during the fourth quarter worth approximately $218,517,000. 96.42% of the stock is currently owned by institutional investors.

AerCap Stock Up 0.6 %

Shares of NYSE:AER opened at $108.54 on Friday. The business’s 50 day moving average is $99.99 and its 200 day moving average is $97.95. The stock has a market cap of $20.27 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 2.22 and a beta of 1.41. AerCap Holdings has a 52-week low of $82.21 and a 52-week high of $109.05. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89.

AerCap (NYSE:AER) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.99. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.01 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.29 EPS. Sell-side analysts predict that AerCap Holdings will post 11.29 EPS for the current year.

AerCap Dividend Announcement

The firm 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 dividend of $0.27 per share. The ex-dividend date is Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.00%. AerCap’s dividend payout ratio is presently 9.58%.

AerCap announced that its board has authorized a share repurchase program on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 4.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley raised their price target on AerCap from $101.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 1st. UBS Group cut shares of AerCap to an “underperform” rating in a research note on Friday, March 7th. Barclays reissued an “overweight” rating and issued a $115.00 price objective (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Susquehanna upped their target price on AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their price target on AerCap from $112.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. One equities 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 company’s stock. According to data from MarketBeat.com, AerCap presently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

AerCap 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.