Diametric Capital LP Acquires 3,052 Shares of AerCap Holdings (NYSE:AER)

Diametric Capital LP increased its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 58.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,231 shares of the financial services provider's stock after buying an additional 3,052 shares during the quarter. Diametric Capital LP's holdings in AerCap were worth $788,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AER. Franklin Resources Inc. lifted its holdings in shares of AerCap by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider's stock worth $545,726,000 after acquiring an additional 282,980 shares during the period. State Street Corp raised its position in AerCap by 8.3% in the third quarter. State Street Corp now owns 4,862,517 shares of the financial services provider's stock worth $460,579,000 after purchasing an additional 370,906 shares in the last quarter. Cooke & Bieler LP lifted its stake in AerCap by 3.0% during the fourth quarter. Cooke & Bieler LP now owns 2,934,185 shares of the financial services provider's stock worth $280,802,000 after purchasing an additional 86,548 shares during the period. Ninety One UK Ltd boosted its holdings in AerCap by 7.0% during the fourth quarter. Ninety One UK Ltd now owns 2,550,350 shares of the financial services provider's stock valued at $244,068,000 after purchasing an additional 167,830 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of AerCap in the 4th quarter valued at approximately $218,517,000. 96.42% of the stock is currently owned by institutional investors.

Remove Ads

Analysts Set New Price Targets

AER has been the subject of several analyst reports. UBS Group downgraded AerCap to an "underperform" rating in a research report on Friday, March 7th. Bank of America boosted their target price on shares of AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Susquehanna increased their target price on shares of AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a research report on Thursday, February 27th. Finally, Barclays restated an "overweight" rating and issued a $115.00 price target (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 issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $117.43.

AerCap Price Performance

NYSE:AER traded down $9.14 during mid-day trading on Friday, reaching $89.51. 4,195,423 shares of the company were exchanged, compared to its average volume of 1,349,744. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The stock has a market cap of $16.72 billion, a PE ratio of 7.09, a PEG ratio of 2.22 and a beta of 1.45. AerCap Holdings has a 12 month low of $81.93 and a 12 month high of $107.36. The company has a fifty day moving average of $100.01 and a 200 day moving average of $97.31.

AerCap (NYSE:AER - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.97 billion. On average, research analysts anticipate that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap Increases Dividend

The company also recently declared 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 represents a $1.08 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Wednesday, March 12th. This is a positive change from AerCap's previous quarterly dividend of $0.25. AerCap's dividend payout ratio is 9.99%.

AerCap announced that its Board of Directors has approved a share buyback program on Wednesday, February 26th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 4.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

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.