AerCap Holdings (NYSE:AER) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in AerCap Holdings (NYSE:AER - Free Report) by 6.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,415 shares of the financial services provider's stock after buying an additional 9,091 shares during the quarter. Victory Capital Management Inc. owned about 0.07% of AerCap worth $13,438,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of AER. Toth Financial Advisory Corp purchased a new position in AerCap in the fourth quarter worth $29,000. Truvestments Capital LLC acquired a new position in shares of AerCap during the 3rd quarter worth $35,000. Fortitude Family Office LLC purchased a new position in shares of AerCap in the 4th quarter valued at about $38,000. Transamerica Financial Advisors Inc. acquired a new stake in shares of AerCap in the third quarter valued at about $64,000. Finally, Quantbot Technologies LP purchased a new stake in AerCap during the third quarter worth about $66,000. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

AerCap Trading Down 0.3 %

AerCap stock opened at $97.07 on Thursday. The stock has a market cap of $18.13 billion, a PE ratio of 7.69, a P/E/G ratio of 2.22 and a beta of 1.83. 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 stock has a 50-day moving average price of $97.91 and a 200 day moving average price of $96.35. AerCap Holdings has a 52 week low of $81.93 and a 52 week high of $107.36.

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AerCap (NYSE:AER - Get Free Report) last announced 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 firm 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%. Equities research analysts predict that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be paid a $0.27 dividend. This is a positive change from AerCap's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, March 12th. AerCap's dividend payout ratio is presently 9.99%.

AerCap announced that its board has approved a stock repurchase plan on Wednesday, February 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 4.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Susquehanna increased their target price on shares of AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a report on Thursday, February 27th. Barclays reaffirmed an "overweight" rating and set a $115.00 price objective (up from $113.00) on shares of AerCap in a report on Thursday, February 27th. Bank of America upped their target price on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, March 7th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $119.00 price target on shares of AerCap in a research note on Thursday, November 21st. Finally, UBS Group cut shares of AerCap to an "underperform" rating in a research note on Friday, March 7th. One equities research 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. According to data from MarketBeat.com, the stock presently has a consensus 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.

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