Amundi Sells 367,548 Shares of AerCap Holdings (NYSE:AER)

Amundi decreased its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,290,769 shares of the financial services provider's stock after selling 367,548 shares during the period. Amundi owned approximately 1.66% of AerCap worth $316,407,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AER. Summit Global Investments bought a new position in AerCap during the third quarter valued at approximately $667,000. Townsend & Associates Inc bought a new position in shares of AerCap during the third quarter valued at about $17,527,000. Atria Investments Inc boosted its holdings in shares of AerCap by 3.4% during the third quarter. Atria Investments Inc now owns 14,072 shares of the financial services provider's stock worth $1,333,000 after purchasing an additional 457 shares during the period. State of New Jersey Common Pension Fund D increased its holdings in AerCap by 4.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 83,959 shares of the financial services provider's stock valued at $7,953,000 after purchasing an additional 3,700 shares during the period. Finally, Entropy Technologies LP raised its position in AerCap by 22.0% during the 3rd quarter. Entropy Technologies LP now owns 20,204 shares of the financial services provider's stock valued at $1,914,000 after purchasing an additional 3,649 shares during the last quarter. Institutional investors own 96.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AER shares. Susquehanna lifted 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. Barclays reiterated an "overweight" rating and issued a $115.00 price target (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. UBS Group lowered shares of AerCap to an "underperform" rating in a report on Friday, March 7th. Bank of America lifted 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. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $119.00 price objective on shares of AerCap in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, AerCap presently has an average rating of "Moderate Buy" and a consensus price target of $117.43.

Remove Ads

AerCap Stock Down 0.3 %

Shares of AerCap stock traded down $0.33 during trading on Wednesday, hitting $97.07. The company's stock had a trading volume of 2,038,053 shares, compared to its average volume of 1,292,021. AerCap Holdings has a 52 week low of $81.69 and a 52 week high of $107.36. The company has a market capitalization 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 fifty day simple moving average of $97.91 and a two-hundred day simple moving average of $96.35. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67.

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 for the quarter, beating analysts' consensus estimates of $2.56 by $0.75. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.97 billion. Equities research analysts predict that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap Increases Dividend

The business 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 $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.11%. This is an increase from AerCap's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, March 12th. AerCap's payout ratio is 9.99%.

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

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.