Greenspring Advisors LLC purchased a new stake in Aercap Holdings N.V. (NYSE:AER – Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,904 shares of the financial services provider’s stock, valued at approximately $849,000.
Several other hedge funds also recently made changes to their positions in AER. Integrated Wealth Concepts LLC grew its position in shares of Aercap by 19.0% in the first quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 423 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Aercap by 282.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,659 shares of the financial services provider’s stock valued at $680,000 after purchasing an additional 4,919 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Aercap by 26.6% in the first 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 in the last quarter. Invesco Ltd. grew its position in shares of Aercap by 43.3% in the second quarter. Invesco Ltd. now owns 459,459 shares of the financial services provider’s stock valued at $53,757,000 after purchasing an additional 138,843 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position 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. 96.42% of the stock is currently owned by hedge funds and other institutional investors.
Aercap Price Performance
Aercap stock opened at $136.29 on Friday. Aercap Holdings N.V. has a 52 week low of $105.65 and a 52 week high of $154.94. The business has a 50-day simple moving average of $140.95 and a 200 day simple moving average 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 stock has a market cap of $22.74 billion, a price-to-earnings ratio of 5.97, a PEG ratio of 0.94 and a beta of 0.93.
Aercap declared that its board has approved a stock buyback 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 purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
Aercap Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, May 13th. Aercap’s payout ratio is presently 7.01%.
Wall Street Analysts Forecast Growth
AER has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price target on Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. TD Cowen lifted their price target on Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Truist Financial lifted their price target on Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $175.00 price target on Aercap and gave the company a “buy” rating in a research report on Tuesday, February 10th. Finally, Barclays boosted their target price on Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $163.13.
Check Out Our Latest Research Report on Aercap
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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