ExodusPoint Capital Management LP Raises Position in AerCap Holdings (NYSE:AER)

ExodusPoint Capital Management LP lifted its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 1,261.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,180 shares of the financial services provider's stock after buying an additional 41,861 shares during the period. ExodusPoint Capital Management LP's holdings in AerCap were worth $4,324,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AER. Quantbot Technologies LP purchased a new position in shares of AerCap during the third quarter worth approximately $66,000. Benjamin Edwards Inc. purchased a new stake in shares of AerCap in the 3rd quarter valued at $413,000. Centiva Capital LP bought a new position in shares of AerCap during the 3rd quarter valued at $572,000. Hilltop Holdings Inc. purchased a new stake in AerCap during the third quarter valued at about $236,000. Finally, Janus Henderson Group PLC grew its stake in shares of AerCap by 13.8% during the third quarter. Janus Henderson Group PLC now owns 254,201 shares of the financial services provider's stock valued at $24,073,000 after buying an additional 30,816 shares during the last quarter. Institutional investors own 96.42% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AER shares. UBS Group cut AerCap to an "underperform" rating in a report on Friday, March 7th. Bank of America upped their price target on shares of AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, March 7th. Barclays reaffirmed an "overweight" rating and set a $115.00 price target (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. 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. Finally, Morgan Stanley cut their price target on shares of AerCap from $112.00 to $101.00 and set an "equal weight" rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $117.14.

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AerCap Stock Up 1.8 %

AerCap stock traded up $1.66 on Friday, hitting $92.03. 2,217,024 shares of the stock traded hands, compared to its average volume of 1,381,053. The business's fifty day simple moving average is $99.46 and its 200 day simple moving average is $97.08. The firm has a market cap of $17.19 billion, a P/E ratio of 7.29, a price-to-earnings-growth ratio of 2.22 and a beta of 1.46. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a 1 year low of $81.93 and a 1 year high of $107.36.

AerCap (NYSE:AER - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, topping 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 analyst estimates of $1.97 billion. As a group, sell-side analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap announced that its board has approved a stock buyback program on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

AerCap Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Wednesday, March 12th. This is a positive change from AerCap's previous quarterly dividend of $0.25. AerCap's dividend payout ratio (DPR) is 9.99%.

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.