Callan Family Office LLC Takes Position in AerCap Holdings (NYSE:AER)

Callan Family Office LLC bought a new position in AerCap Holdings (NYSE:AER - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,588 shares of the financial services provider's stock, valued at approximately $343,000.

A number of other large investors have also made changes to their positions in AER. B. Riley Wealth Advisors Inc. raised its stake in 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 valued at $1,686,000 after purchasing an additional 6,654 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in 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 valued at $26,503,000 after acquiring an additional 112,084 shares in the last quarter. KBC Group NV increased its holdings in shares of AerCap by 18.7% in the 3rd quarter. KBC Group NV now owns 350,888 shares of the financial services provider's stock valued at $33,236,000 after purchasing an additional 55,213 shares during the period. Bank of New York Mellon Corp lifted 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 worth $42,711,000 after purchasing an additional 4,222 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of AerCap by 5.3% during 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 period. Institutional investors and hedge funds own 96.42% of the company's stock.

Remove Ads

AerCap Stock Performance

AER traded up $2.30 on Friday, hitting $101.37. The company had a trading volume of 1,379,206 shares, compared to its average volume of 1,285,861. AerCap Holdings has a 1-year low of $81.93 and a 1-year high of $107.36. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The company's fifty day moving average price is $97.99 and its 200 day moving average price is $96.37. The stock has a market cap of $18.93 billion, a price-to-earnings ratio of 8.03, a price-to-earnings-growth 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 the consensus estimate 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%. Equities analysts predict that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, March 12th. This is a positive change from AerCap's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.07%. AerCap's payout ratio is presently 9.99%.

AerCap announced that its board has initiated a share buyback plan on Wednesday, February 26th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 4.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have issued reports on AER. The Goldman Sachs Group reissued a "buy" rating and set a $119.00 target price on shares of AerCap in a research note on Thursday, November 21st. 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. Bank of America raised their price target on AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. UBS Group cut AerCap to an "underperform" rating in a research note on Friday, March 7th. Finally, Barclays reaffirmed an "overweight" rating and set a $115.00 price objective (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.