Invesco Ltd. lowered its position in AerCap Holdings (NYSE:AER - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,863,600 shares of the financial services provider's stock after selling 57,404 shares during the period. Invesco Ltd. owned approximately 0.94% of AerCap worth $178,347,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in AER. Toth Financial Advisory Corp acquired a new stake in shares of AerCap during the fourth quarter worth about $29,000. Pinpoint Asset Management Ltd purchased a new position in shares of AerCap during the 4th quarter valued at approximately $35,000. Fortitude Family Office LLC acquired a new position in shares of AerCap during the fourth quarter valued at approximately $38,000. TD Private Client Wealth LLC acquired a new stake in AerCap in the 3rd quarter valued at about $78,000. Finally, Eagle Bay Advisors LLC grew its holdings in AerCap by 1,148.5% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider's stock valued at $121,000 after buying an additional 1,160 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.
AerCap Stock Performance
AER traded down $1.52 during trading on Wednesday, hitting $95.20. The stock had a trading volume of 3,011,579 shares, compared to its average volume of 1,394,545. AerCap Holdings has a twelve month low of $82.21 and a twelve month high of $107.36. The company's 50-day moving average price is $99.39 and its 200 day moving average price is $97.08. The firm has a market capitalization of $17.78 billion, a P/E ratio of 7.54, a PEG ratio of 2.22 and a beta of 1.46. 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 quarterly earnings results on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, topping the consensus estimate of $2.56 by $0.75. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.97 billion. On average, equities research analysts forecast that AerCap Holdings will post 11.29 EPS for the current fiscal year.
AerCap announced that its board has initiated a share buyback program on Wednesday, February 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.
AerCap Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th were given a $0.27 dividend. The ex-dividend date was 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 1.13%. AerCap's dividend payout ratio (DPR) is currently 9.99%.
Wall Street Analyst Weigh In
A number of brokerages recently commented on AER. Morgan Stanley lowered their target price on AerCap from $112.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Barclays reaffirmed an "overweight" rating and set a $115.00 price target (up from $113.00) on shares of AerCap in a report on Thursday, February 27th. Bank of America raised their target price on AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Susquehanna boosted their price objective on shares of AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a research report on Thursday, February 27th. Finally, UBS Group downgraded shares of AerCap to an "underperform" rating in a research report on Friday, March 7th. One investment 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's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $117.14.
Check Out Our Latest Stock Report on AerCap
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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