Andra AP fonden Raises Holdings in AerCap Holdings (NYSE:AER)

Andra AP fonden lifted its stake in shares of AerCap Holdings (NYSE:AER - Free Report) by 64.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,100 shares of the financial services provider's stock after purchasing an additional 31,500 shares during the period. Andra AP fonden's holdings in AerCap were worth $7,666,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AER. First Horizon Advisors Inc. grew its holdings in AerCap by 15.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider's stock valued at $77,000 after buying an additional 108 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of AerCap by 0.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,192 shares of the financial services provider's stock valued at $1,837,000 after purchasing an additional 115 shares during the period. Williamson Legacy Group LLC increased its position in AerCap by 2.5% during the fourth quarter. Williamson Legacy Group LLC now owns 10,674 shares of the financial services provider's stock worth $1,022,000 after purchasing an additional 261 shares during the last quarter. Toth Financial Advisory Corp purchased a new position in AerCap during the fourth quarter worth about $29,000. Finally, Principal Securities Inc. raised its stake in AerCap by 3.3% during the fourth quarter. Principal Securities Inc. now owns 9,664 shares of the financial services provider's stock worth $925,000 after purchasing an additional 305 shares during the period. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

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AerCap Trading Down 0.1 %

NYSE:AER traded down $0.06 on Wednesday, reaching $97.07. 2,038,053 shares of the company's stock were exchanged, compared to its average volume of 1,291,252. The business has a fifty day moving average of $97.91 and a 200-day moving average of $96.35. 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 Holdings has a 52-week low of $81.69 and a 52-week high of $107.36. The firm has a market capitalization of $18.13 billion, a price-to-earnings ratio of 7.69, a price-to-earnings-growth ratio of 2.22 and a beta of 1.83.

AerCap (NYSE:AER - Get Free Report) last released its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.56 by $0.75. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.97 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. As a group, analysts expect that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, March 12th. This is a boost from AerCap's previous quarterly dividend of $0.25. AerCap's payout ratio is 9.99%.

AerCap announced that its board has authorized a stock repurchase program on Wednesday, February 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows 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.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays restated an "overweight" rating and set a $115.00 price target (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. Bank of America raised their target price on AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. UBS Group lowered AerCap to an "underperform" rating in a research note on Friday, March 7th. Susquehanna raised their price objective on AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $119.00 target price on shares of AerCap in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, AerCap currently has an average rating of "Moderate Buy" and an average price target of $117.43.

About AerCap

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.