Thornburg Investment Management Inc. increased its position in shares of Aercap Holdings N.V. (NYSE:AER – Free Report) by 61.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 116,740 shares of the financial services provider’s stock after acquiring an additional 44,502 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Aercap were worth $16,783,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the company. Arkadios Wealth Advisors boosted its position in Aercap by 2.7% during the fourth quarter. Arkadios Wealth Advisors now owns 2,525 shares of the financial services provider’s stock worth $363,000 after acquiring an additional 67 shares during the last quarter. Wedmont Private Capital boosted its position in Aercap by 3.9% during the fourth quarter. Wedmont Private Capital now owns 1,979 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 74 shares during the last quarter. Argentarii LLC boosted its position in Aercap by 2.8% during the fourth quarter. Argentarii LLC now owns 2,793 shares of the financial services provider’s stock worth $402,000 after acquiring an additional 77 shares during the last quarter. Huntington National Bank boosted its position in Aercap by 11.7% during the third quarter. Huntington National Bank now owns 895 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 94 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in 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. Institutional investors and hedge funds own 96.42% of the company’s stock.
Analysts Set New Price Targets
A number of analysts recently issued reports on the stock. Truist Financial raised their target price on shares of Aercap from $159.00 to $161.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Zacks Research downgraded shares of Aercap from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Weiss Ratings downgraded shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. Morgan Stanley cut their price target on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Finally, TD Cowen increased their price target on shares of Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Eight 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 currently has an average rating of “Moderate Buy” and an average target price of $163.13.
Aercap Stock Performance
Aercap stock opened at $139.81 on Monday. Aercap Holdings N.V. has a 12-month low of $105.65 and a 12-month high of $154.94. The company has a market capitalization of $23.33 billion, a price-to-earnings ratio of 6.13, a price-to-earnings-growth ratio of 0.98 and a beta of 0.93. 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 firm’s fifty day moving average price is $141.13 and its 200 day moving average price is $141.86.
Aercap (NYSE:AER – Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. The firm had revenue of $2.30 billion for the quarter. On average, research analysts forecast that Aercap Holdings N.V. will post 17.23 EPS for the current fiscal year.
Aercap Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.60 annualized dividend and a yield of 1.1%. Aercap’s payout ratio is 7.01%.
Aercap declared that its Board of Directors has authorized a stock buyback program on Wednesday, April 29th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
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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