AerCap Holdings (NYSE:AER) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its position in AerCap Holdings (NYSE:AER - Free Report) by 57.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 194,974 shares of the financial services provider's stock after selling 267,613 shares during the quarter. Bank of Montreal Can owned approximately 0.10% of AerCap worth $18,659,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of AerCap during the fourth quarter valued at $218,517,000. KBC Group NV lifted its position in AerCap by 137.8% during the 4th quarter. KBC Group NV now owns 834,452 shares of the financial services provider's stock worth $79,857,000 after acquiring an additional 483,564 shares during the period. JPMorgan Chase & Co. grew its stake in AerCap by 43.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,599,032 shares of the financial services provider's stock valued at $153,027,000 after purchasing an additional 483,428 shares during the last quarter. River Road Asset Management LLC increased its holdings in shares of 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 during the period. Finally, Franklin Resources Inc. raised its stake in shares of AerCap by 5.3% in the third 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. 96.42% of the stock is currently owned by institutional investors.

Remove Ads

AerCap Price Performance

AER traded down $1.52 during trading on Wednesday, reaching $95.20. 3,004,270 shares of the stock were exchanged, compared to its average volume of 1,393,514. The company has a market capitalization of $17.78 billion, a price-to-earnings ratio of 7.54, a P/E/G ratio of 2.22 and a beta of 1.46. 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 1 year low of $81.93 and a 1 year high of $107.36. The business's 50 day moving average price is $99.44 and its two-hundred day moving average price is $97.10.

AerCap (NYSE:AER - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, topping analysts' consensus estimates of $2.56 by $0.75. The business 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 approved a stock buyback plan on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 4.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.

AerCap Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.27 per share. 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%. The ex-dividend date was Wednesday, March 12th. AerCap's dividend payout ratio is 9.99%.

Analysts Set New Price Targets

A number of analysts have recently commented on AER shares. Susquehanna lifted their price objective on shares of AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a report on Thursday, February 27th. Bank of America lifted their price target on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, March 7th. UBS Group lowered AerCap to an "underperform" rating in a report on Friday, March 7th. Barclays restated an "overweight" rating and issued a $115.00 price objective (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Finally, Morgan Stanley decreased their target price on AerCap from $112.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, AerCap has a consensus rating of "Moderate Buy" and an average target price of $117.14.

AerCap 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.