AerCap Holdings (NYSE:AER) Position Boosted by Cooke & Bieler LP

Cooke & Bieler LP lifted its stake in shares of AerCap Holdings (NYSE:AER - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,934,185 shares of the financial services provider's stock after purchasing an additional 86,548 shares during the period. AerCap accounts for 2.7% of Cooke & Bieler LP's investment portfolio, making the stock its 4th biggest holding. Cooke & Bieler LP owned approximately 1.48% of AerCap worth $280,802,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. increased its stake in shares of AerCap by 59.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider's stock worth $1,686,000 after purchasing an additional 6,654 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of AerCap by 66.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 279,803 shares of the financial services provider's stock worth $26,503,000 after purchasing an additional 112,084 shares during the last quarter. KBC Group NV increased its stake in shares of AerCap by 18.7% during the 3rd quarter. KBC Group NV now owns 350,888 shares of the financial services provider's stock worth $33,236,000 after purchasing an additional 55,213 shares during the last quarter. Bank of New York Mellon Corp increased its stake 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 worth $42,711,000 after purchasing an additional 4,222 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of AerCap by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider's stock worth $545,726,000 after purchasing an additional 282,980 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.

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AerCap Price Performance

NYSE:AER traded up $2.30 during trading hours on Friday, hitting $101.37. The stock had a trading volume of 1,379,206 shares, compared to its average volume of 1,285,861. The company has a 50 day simple moving average of $97.99 and a two-hundred day simple moving average of $96.37. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. AerCap Holdings has a one year low of $81.93 and a one year high of $107.36. The firm has a market capitalization of $18.93 billion, a price-to-earnings ratio of 8.03, a P/E/G ratio of 2.22 and a beta of 1.83.

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, beating the consensus estimate 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 net margin of 32.38% and a return on equity of 13.98%. Research analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.07%. This is a boost from AerCap's previous quarterly dividend of $0.25. AerCap's dividend payout ratio (DPR) is 9.99%.

AerCap announced that its board has authorized a stock 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 generally an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts recently commented on AER shares. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $119.00 price objective on shares of AerCap in a report on Thursday, November 21st. Susquehanna raised their price objective on shares of AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a report on Thursday, February 27th. Barclays reaffirmed an "overweight" rating and issued a $115.00 price objective (up 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 report on Friday, March 7th. Finally, Bank of America raised their price objective on shares of AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $117.43.

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.