Twin Tree Management LP reduced its stake in AerCap Holdings (NYSE:AER - Free Report) by 93.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,499 shares of the financial services provider's stock after selling 77,184 shares during the period. Twin Tree Management LP's holdings in AerCap were worth $526,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Darsana Capital Partners LP bought a new position in AerCap during the third quarter worth about $94,720,000. TOMS Capital Investment Management LP bought a new position in AerCap during the 3rd quarter worth approximately $60,526,000. KBC Group NV grew its holdings in AerCap by 137.8% during the fourth quarter. KBC Group NV now owns 834,452 shares of the financial services provider's stock valued at $79,857,000 after purchasing an additional 483,564 shares during the period. State Street Corp grew its holdings in AerCap by 8.3% during the third quarter. State Street Corp now owns 4,862,517 shares of the financial services provider's stock valued at $460,579,000 after purchasing an additional 370,906 shares during the period. Finally, River Road Asset Management LLC increased its stake in AerCap by 896.4% in the fourth quarter. River Road Asset Management LLC now owns 391,506 shares of the financial services provider's stock valued at $37,467,000 after purchasing an additional 352,215 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the stock. Bank of America lifted their price target 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. Susquehanna boosted their target price on AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a research note on Thursday, February 27th. Barclays restated an "overweight" rating and issued a $115.00 price target (up from $113.00) on shares of AerCap in a report on Thursday, February 27th. Finally, UBS Group cut AerCap to an "underperform" rating in a report on Friday, March 7th. One investment 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, the company has a consensus rating of "Moderate Buy" and an average price target of $117.43.
Read Our Latest Stock Report on AER
AerCap Stock Down 2.4 %
Shares of AerCap stock traded down $2.47 during trading on Friday, reaching $102.13. The stock had a trading volume of 1,458,282 shares, compared to its average volume of 1,267,176. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The company has a market capitalization of $19.08 billion, a price-to-earnings ratio of 8.09, a P/E/G ratio of 2.22 and a beta of 1.83. The stock has a fifty day moving average price of $98.89 and a two-hundred day moving average price of $96.67. AerCap Holdings has a 52 week low of $81.93 and a 52 week high of $107.36.
AerCap (NYSE:AER - Get Free Report) last released its 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 for the quarter, compared to analysts' expectations of $1.97 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. Sell-side analysts predict that AerCap Holdings will post 11.29 EPS for the current fiscal year.
AerCap Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be given a $0.27 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.06%. This is an increase from AerCap's previous quarterly dividend of $0.25. AerCap's dividend payout ratio (DPR) is 9.99%.
AerCap declared that its board has approved 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 repurchase up to 4.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.
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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