AerCap Holdings (NYSE:AER) Position Boosted by Aviva PLC

Aviva PLC raised its stake in AerCap Holdings (NYSE:AER - Free Report) by 137.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 222,045 shares of the financial services provider's stock after purchasing an additional 128,405 shares during the quarter. Aviva PLC owned 0.11% of AerCap worth $21,250,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AER. B. Riley Wealth Advisors Inc. grew its position in AerCap by 59.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider's stock worth $1,686,000 after buying an additional 6,654 shares during the period. Bank of New York Mellon Corp raised its position in shares of AerCap by 1.0% in the fourth 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 buying an additional 4,222 shares during the last quarter. Franklin Resources Inc. raised its holdings in AerCap by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider's stock valued at $545,726,000 after acquiring an additional 282,980 shares during the last quarter. Barclays PLC lifted its position in AerCap by 95.5% during the third quarter. Barclays PLC now owns 91,707 shares of the financial services provider's stock worth $8,687,000 after buying an additional 44,797 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of AerCap by 11.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 18,664 shares of the financial services provider's stock worth $1,786,000 after acquiring an additional 1,900 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

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AerCap Price Performance

AER traded up $1.66 on Friday, reaching $92.03. The company had a trading volume of 2,217,024 shares, compared to its average volume of 1,380,477. The company has a fifty day moving average of $99.46 and a 200-day moving average of $97.09. 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 $17.19 billion, a P/E ratio of 7.29, a PEG ratio of 2.22 and a beta of 1.46. AerCap Holdings has a one year low of $81.93 and a one year high of $107.36.

AerCap (NYSE:AER - Get Free Report) last issued its quarterly 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 company 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%. As a group, equities research analysts anticipate that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap declared that its board has authorized a stock repurchase program on Wednesday, February 26th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits 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 believes its stock is undervalued.

AerCap Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th were given a $0.27 dividend. This is a positive change from AerCap's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.17%. AerCap's dividend payout ratio (DPR) is 9.99%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. UBS Group cut AerCap to an "underperform" rating in a report on Friday, March 7th. Susquehanna upped their price objective 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. Barclays restated an "overweight" rating and issued a $115.00 price target (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Bank of America boosted their price objective on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, March 7th. Finally, Morgan Stanley dropped their target price on shares of AerCap from $112.00 to $101.00 and set an "equal weight" rating on the stock in a report on Friday. One research 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's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $117.14.

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.