Fox Run Management L.L.C. Acquires 11,183 Shares of AerCap Holdings (NYSE:AER)

Fox Run Management L.L.C. raised its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 398.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,993 shares of the financial services provider's stock after purchasing an additional 11,183 shares during the period. Fox Run Management L.L.C.'s holdings in AerCap were worth $1,339,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in shares of 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 acquiring an additional 282,980 shares in the last quarter. State Street Corp increased its position in AerCap by 8.3% in the 3rd quarter. State Street Corp now owns 4,862,517 shares of the financial services provider's stock worth $460,579,000 after buying an additional 370,906 shares during the period. Cooke & Bieler LP boosted its position in shares of AerCap by 3.0% in the fourth quarter. Cooke & Bieler LP now owns 2,934,185 shares of the financial services provider's stock valued at $280,802,000 after acquiring an additional 86,548 shares during the period. Ninety One UK Ltd raised its stake in AerCap by 7.0% during the 4th quarter. Ninety One UK Ltd now owns 2,550,350 shares of the financial services provider's stock valued at $244,068,000 after purchasing an additional 167,830 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of AerCap by 1.3% during the 3rd quarter. FMR LLC now owns 1,737,476 shares of the financial services provider's stock worth $164,574,000 after purchasing an additional 22,346 shares during the period. Institutional investors and hedge funds own 96.42% of the company's stock.

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AerCap Trading Up 0.3 %

Shares of AER traded up $0.27 during trading hours on Wednesday, reaching $103.21. The stock had a trading volume of 976,660 shares, compared to its average volume of 1,265,396. The firm has a 50-day moving average of $99.34 and a 200 day moving average of $96.94. 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 company has a market cap of $19.28 billion, a P/E ratio of 8.18, a P/E/G ratio of 2.22 and a beta of 1.83. AerCap Holdings has a 52 week low of $81.93 and a 52 week high of $107.36.

AerCap (NYSE:AER - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $3.31 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 return on equity of 13.98% and a net margin of 32.38%. On average, sell-side analysts expect that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap Increases Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Wednesday, March 12th. This is a boost from AerCap's previous quarterly dividend of $0.25. AerCap's dividend payout ratio is 9.99%.

AerCap declared that its board has authorized a stock repurchase program on Wednesday, February 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 4.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages recently commented on AER. UBS Group lowered AerCap to an "underperform" rating in a research note on Friday, March 7th. Bank of America boosted their target price on shares of AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Susquehanna boosted their target price on AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a report on Thursday, February 27th. Finally, Barclays reiterated an "overweight" rating and set a $115.00 price target (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, AerCap presently has an average rating of "Moderate Buy" and an average price target 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.