Barrow Hanley Mewhinney & Strauss LLC lowered its position in AerCap Holdings (NYSE:AER - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,247,818 shares of the financial services provider's stock after selling 28,992 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 0.63% of AerCap worth $119,416,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of AerCap during the 4th quarter valued at about $218,517,000. Darsana Capital Partners LP acquired a new stake in shares of AerCap during the third quarter worth $94,720,000. TOMS Capital Investment Management LP bought a new stake in AerCap in the 3rd quarter valued at $60,526,000. KBC Group NV boosted its stake in AerCap by 137.8% in the 4th quarter. KBC Group NV now owns 834,452 shares of the financial services provider's stock worth $79,857,000 after purchasing an additional 483,564 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of AerCap by 43.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,599,032 shares of the financial services provider's stock worth $153,027,000 after purchasing an additional 483,428 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.
Wall Street Analyst Weigh In
AER has been the subject of several analyst reports. Barclays restated an "overweight" rating and issued a $115.00 price objective (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. UBS Group downgraded shares of AerCap to an "underperform" rating in a research report on Friday, March 7th. Bank of America raised 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, Susquehanna upped their price objective on AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $117.43.
View Our Latest Research Report on AER
AerCap Price Performance
Shares of NYSE AER traded down $3.13 during midday trading on Thursday, reaching $100.83. The company's stock had a trading volume of 1,187,268 shares, compared to its average volume of 1,335,570. The company has a market cap of $18.83 billion, a P/E ratio of 7.99, a P/E/G ratio of 2.22 and a beta of 1.45. AerCap Holdings has a fifty-two week low of $81.93 and a fifty-two week 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 business's 50 day moving average price is $100.05 and its two-hundred day moving average price is $97.32.
AerCap (NYSE:AER - Get Free Report) last released 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. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.97 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. On average, analysts forecast that AerCap Holdings will post 11.29 EPS for the current fiscal year.
AerCap declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits 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 board of directors believes its stock is undervalued.
AerCap Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be given a $0.27 dividend. The ex-dividend date is Wednesday, March 12th. This is a boost from AerCap's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.07%. AerCap's payout ratio is presently 9.99%.
About AerCap
(
Free Report)
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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