Barclays PLC Sells 34,367 Shares of AerCap Holdings (NYSE:AER)

Barclays PLC reduced its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 37.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,340 shares of the financial services provider's stock after selling 34,367 shares during the period. Barclays PLC's holdings in AerCap were worth $5,486,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. boosted its stake in AerCap by 59.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider's stock valued at $1,686,000 after buying an additional 6,654 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of AerCap by 1.0% during the 4th 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 purchasing an additional 4,222 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in AerCap by 11.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 18,664 shares of the financial services provider's stock valued at $1,786,000 after buying an additional 1,900 shares in the last quarter. Franklin Resources Inc. boosted its position in AerCap by 5.3% in the third quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider's stock valued at $545,726,000 after buying an additional 282,980 shares in the last quarter. Finally, Lyrical Asset Management LP grew its stake in shares of AerCap by 1.3% during the fourth quarter. Lyrical Asset Management LP now owns 3,097,840 shares of the financial services provider's stock worth $296,463,000 after buying an additional 38,264 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AER shares. Morgan Stanley cut their price objective on AerCap from $112.00 to $101.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Barclays reissued an "overweight" rating and set a $115.00 price target (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. UBS Group downgraded AerCap to an "underperform" rating in a research note on Friday, March 7th. 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 research report on Friday, March 7th. Finally, Susquehanna upped their price target on shares of AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a research 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 issued a buy rating to the company. According to data from MarketBeat.com, AerCap has an average rating of "Moderate Buy" and an average target price of $117.14.

AerCap Trading Up 1.5 %

Shares of NYSE AER traded up $1.61 during midday trading on Tuesday, reaching $105.63. The stock had a trading volume of 1,202,750 shares, compared to its average volume of 1,406,125. AerCap Holdings has a twelve month low of $82.21 and a twelve month high of $107.36. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The company's 50 day moving average price is $99.26 and its 200 day moving average price is $97.43. The firm has a market cap of $19.73 billion, a price-to-earnings ratio of 8.37, a price-to-earnings-growth ratio of 2.22 and a beta of 1.46.

AerCap (NYSE:AER - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $3.31 EPS 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 for the quarter, compared to analysts' expectations of $1.97 billion. As a group, sell-side analysts expect that AerCap Holdings will post 11.29 EPS for the current year.

AerCap Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th were issued a $0.27 dividend. This is an increase from AerCap's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Wednesday, March 12th. AerCap's payout ratio is presently 9.99%.

AerCap declared that its board has initiated a share buyback plan on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 4.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership 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.