CenterBook Partners LP Purchases 14,607 Shares of AerCap Holdings (NYSE:AER)

CenterBook Partners LP boosted its position in AerCap Holdings (NYSE:AER - Free Report) by 68.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,883 shares of the financial services provider's stock after acquiring an additional 14,607 shares during the period. CenterBook Partners LP's holdings in AerCap were worth $3,434,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of AerCap by 0.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,192 shares of the financial services provider's stock valued at $1,837,000 after purchasing an additional 115 shares in the last quarter. Signaturefd LLC boosted its position in AerCap by 3.2% during the 4th quarter. Signaturefd LLC now owns 5,717 shares of the financial services provider's stock valued at $547,000 after acquiring an additional 177 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in shares of AerCap by 3.8% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 5,322 shares of the financial services provider's stock worth $509,000 after acquiring an additional 194 shares during the period. Inspire Advisors LLC raised its position in shares of AerCap by 3.4% in the 4th quarter. Inspire Advisors LLC now owns 6,336 shares of the financial services provider's stock worth $606,000 after acquiring an additional 209 shares in the last quarter. Finally, Williamson Legacy Group LLC lifted its stake in shares of AerCap by 2.5% in the 4th quarter. Williamson Legacy Group LLC now owns 10,674 shares of the financial services provider's stock valued at $1,022,000 after purchasing an additional 261 shares during the period. Hedge funds and other institutional investors own 96.42% of the company's stock.

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Analyst Ratings Changes

A number of research firms have issued reports on AER. Barclays reiterated an "overweight" rating and issued a $115.00 price objective (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. Bank of America lifted their price target on shares of AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Morgan Stanley cut their price objective on shares of AerCap from $112.00 to $101.00 and set an "equal weight" rating on the stock in a report on Friday. Susquehanna lifted their target price on shares of AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a report on Thursday, February 27th. Finally, UBS Group downgraded AerCap to an "underperform" rating in a research note on Friday, March 7th. One 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.14.

AerCap Stock Performance

Shares of AerCap stock traded up $1.38 during trading on Tuesday, hitting $97.13. 522,166 shares of the company's stock traded hands, compared to its average volume of 1,381,797. AerCap Holdings has a 1 year low of $81.93 and a 1 year high of $107.36. The business has a 50-day simple moving average of $99.45 and a 200-day simple moving average of $97.10. 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 stock has a market capitalization of $18.14 billion, a P/E ratio of 7.70, a PEG ratio of 2.22 and a beta of 1.46.

AerCap (NYSE:AER - Get Free Report) last posted its 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. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.97 billion. As a group, analysts forecast that AerCap Holdings will post 11.29 EPS for the current year.

AerCap Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th were issued a $0.27 dividend. This is an increase 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 1.11%. 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 allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 4.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management 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.