State of Wyoming increased its position in Aercap Holdings N.V. (NYSE:AER – Free Report) by 71.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,854 shares of the financial services provider’s stock after purchasing an additional 5,347 shares during the period. State of Wyoming’s holdings in Aercap were worth $1,848,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in AER. Harbor Capital Advisors Inc. purchased a new stake in shares of Aercap in the 4th quarter valued at about $27,000. Advisory Services Network LLC purchased a new stake in shares of Aercap in the 3rd quarter valued at about $35,000. Geneos Wealth Management Inc. lifted its holdings in shares of Aercap by 26.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 94 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Aercap by 36.5% in the 4th quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 96 shares during the last quarter. Finally, JFS Wealth Advisors LLC purchased a new stake in shares of Aercap in the 3rd quarter valued at about $67,000. 96.42% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
AER has been the subject of several research reports. Barclays boosted their target price on Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Zacks Research downgraded Aercap from a “strong-buy” rating to a “hold” rating in a research note on Monday. Morgan Stanley reduced their price objective on Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $175.00 price objective on Aercap and gave the company a “buy” rating in a research note on Tuesday, February 10th. Finally, JPMorgan Chase & Co. upped their price objective on Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $163.13.
Aercap Stock Up 0.2%
AER opened at $134.29 on Thursday. The business has a 50 day moving average price of $140.95 and a two-hundred day moving average price of $141.63. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34. The company has a market cap of $22.41 billion, a PE ratio of 5.88, a P/E/G ratio of 0.94 and a beta of 0.93. Aercap Holdings N.V. has a 52 week low of $105.65 and a 52 week high of $154.94.
Aercap (NYSE:AER – Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. The firm had revenue of $2.30 billion during the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%. As a group, research analysts anticipate that Aercap Holdings N.V. will post 17.23 EPS for the current year.
Aercap Announces Dividend
The firm 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 dividend payout ratio is 7.01%.
Aercap declared that its Board of Directors has initiated a share repurchase program on Wednesday, April 29th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.
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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