Lyrical Asset Management LP Has $296.46 Million Stock Holdings in AerCap Holdings (NYSE:AER)

Lyrical Asset Management LP grew its holdings in AerCap Holdings (NYSE:AER - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,097,840 shares of the financial services provider's stock after purchasing an additional 38,264 shares during the period. AerCap makes up about 4.4% of Lyrical Asset Management LP's portfolio, making the stock its 8th biggest position. Lyrical Asset Management LP owned about 1.57% of AerCap worth $296,463,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. B. Riley Wealth Advisors Inc. boosted its holdings in shares of AerCap by 59.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider's stock valued at $1,686,000 after acquiring an additional 6,654 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of AerCap by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 446,303 shares of the financial services provider's stock valued at $42,711,000 after buying an additional 4,222 shares during the period. Franklin Resources Inc. boosted its position in AerCap by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider's stock worth $545,726,000 after buying an additional 282,980 shares during the period. Barclays PLC grew its holdings in AerCap by 95.5% during the 3rd quarter. Barclays PLC now owns 91,707 shares of the financial services provider's stock worth $8,687,000 after acquiring an additional 44,797 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in AerCap in the 3rd quarter valued at approximately $3,478,000. Institutional investors and hedge funds own 96.42% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AER. Susquehanna lifted their price target on shares of AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a report on Thursday, February 27th. Bank of America upped their price target on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, March 7th. UBS Group downgraded AerCap to an "underperform" rating in a research report on Friday, March 7th. Morgan Stanley lowered their price target on shares of AerCap from $112.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday. Finally, Barclays restated an "overweight" rating and issued a $115.00 target price (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $117.14.

AerCap Stock Up 0.9 %

NYSE AER traded up $0.83 on Friday, hitting $91.20. 1,000,607 shares of the company were exchanged, compared to its average volume of 1,378,798. AerCap Holdings has a 12 month low of $81.93 and a 12 month high of $107.36. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The company has a market cap of $17.03 billion, a PE ratio of 7.23, a PEG ratio of 2.22 and a beta of 1.46. The stock has a fifty day moving average of $99.52 and a 200-day moving average of $97.10.

AerCap (NYSE:AER - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $1.97 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. As a group, analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th were issued a $0.27 dividend. This is a boost from AerCap's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Wednesday, March 12th. AerCap's dividend payout ratio (DPR) is currently 9.99%.

AerCap declared that its board has authorized a share repurchase plan on Wednesday, February 26th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

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.