Bank of New York Mellon Corp Has $42.71 Million Position in AerCap Holdings (NYSE:AER)

Bank of New York Mellon Corp raised its stake in shares of AerCap Holdings (NYSE:AER - Free Report) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 446,303 shares of the financial services provider's stock after buying an additional 4,222 shares during the period. Bank of New York Mellon Corp owned about 0.23% of AerCap worth $42,711,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. First Horizon Advisors Inc. grew its stake in shares of 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 increased its stake in shares of AerCap by 0.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,192 shares of the financial services provider's stock worth $1,837,000 after purchasing an additional 115 shares during the last quarter. Toth Financial Advisory Corp bought a new position in shares of AerCap during the 4th quarter valued at $29,000. Principal Securities Inc. raised its holdings in shares of AerCap by 3.3% during the 4th quarter. Principal Securities Inc. now owns 9,664 shares of the financial services provider's stock valued at $925,000 after purchasing an additional 305 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its stake in shares of AerCap by 5.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 5,547 shares of the financial services provider's stock valued at $531,000 after purchasing an additional 306 shares during the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

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AerCap Price Performance

NYSE:AER traded down $4.61 during mid-day trading on Monday, reaching $95.25. 2,426,980 shares of the company were exchanged, compared to its average volume of 1,284,801. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The stock has a market cap of $17.79 billion, a PE ratio of 7.55, a PEG ratio of 2.22 and a beta of 1.83. AerCap Holdings has a 12 month low of $80.90 and a 12 month high of $107.36. The company has a fifty day moving average of $97.88 and a 200 day moving average of $96.33.

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 for the quarter, beating the consensus estimate of $2.56 by $0.75. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.97 billion. On average, research analysts anticipate that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap declared that its Board of Directors 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 purchase up to 4.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued.

AerCap Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.13%. This is a positive change from AerCap's previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, March 12th. AerCap's dividend payout ratio (DPR) is presently 9.99%.

Analyst Ratings Changes

AER has been the subject of a number of analyst reports. Barclays reaffirmed an "overweight" rating and issued a $115.00 price target (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Susquehanna increased their price target on AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a report on Thursday, February 27th. The Goldman Sachs Group reissued a "buy" rating and issued a $119.00 price target on shares of AerCap in a research report on Thursday, November 21st. UBS Group downgraded shares of AerCap to an "underperform" rating in a report on Friday. Finally, Bank of America lifted their target price on shares of AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a report on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $117.43.

AerCap Company 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.