Birnam Oak Advisors LP Invests $2.39 Million in AerCap Holdings (NYSE:AER)

Birnam Oak Advisors LP bought a new position in shares of AerCap Holdings (NYSE:AER - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,000 shares of the financial services provider's stock, valued at approximately $2,392,000. AerCap comprises 1.2% of Birnam Oak Advisors LP's investment portfolio, making the stock its 18th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AER. Toth Financial Advisory Corp acquired a new stake in shares of AerCap in the 4th quarter valued at $29,000. Truvestments Capital LLC acquired a new stake in AerCap in the third quarter worth about $35,000. Fortitude Family Office LLC bought a new stake in AerCap during the 4th quarter worth about $38,000. Transamerica Financial Advisors Inc. acquired a new position in AerCap during the 3rd quarter valued at about $64,000. Finally, Quantbot Technologies LP bought a new position in shares of AerCap in the 3rd quarter valued at about $66,000. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AER shares. The Goldman Sachs Group reissued a "buy" rating and set a $119.00 price target on shares of AerCap in a research note on Thursday, November 21st. Susquehanna increased their price target on AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a research note on Thursday, February 27th. UBS Group cut AerCap to an "underperform" rating in a research note on Friday, March 7th. Bank of America increased their target price on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Finally, Barclays restated an "overweight" rating and set a $115.00 target price (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. 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 stock. Based on data from MarketBeat, AerCap presently has an average rating of "Moderate Buy" and an average price target of $117.43.

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AerCap Stock Down 2.4 %

Shares of AER stock traded down $2.47 during trading hours on Friday, hitting $102.13. 1,458,282 shares of the company were exchanged, compared to its average volume of 1,269,662. AerCap Holdings has a 52 week low of $81.93 and a 52 week high of $107.36. 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 business has a 50 day moving average of $98.73 and a two-hundred day moving average of $96.64. The company has a market capitalization of $19.08 billion, a PE ratio of 8.09, a PEG ratio of 2.22 and a beta of 1.83.

AerCap (NYSE:AER - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (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 return on equity of 13.98% and a net margin of 32.38%. Analysts anticipate 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 issued a $0.27 dividend. This is a boost from AerCap's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.06%. AerCap's dividend payout ratio (DPR) is presently 9.99%.

AerCap declared that its board has authorized a stock buyback program 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 reacquire up to 4.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

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.