Fmr LLC Has $155.84 Million Stock Holdings in AerCap Holdings (NYSE:AER)

FMR LLC reduced its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 6.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,628,457 shares of the financial services provider's stock after selling 109,019 shares during the quarter. FMR LLC owned approximately 0.82% of AerCap worth $155,843,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. increased its holdings in AerCap by 59.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider's stock worth $1,686,000 after buying an additional 6,654 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of AerCap by 1.0% during the 4th 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 during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of AerCap by 11.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 18,664 shares of the financial services provider's stock valued at $1,786,000 after purchasing an additional 1,900 shares during the period. Franklin Resources Inc. lifted its stake in AerCap by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider's stock valued at $545,726,000 after purchasing an additional 282,980 shares during the last quarter. Finally, Barclays PLC grew its holdings in AerCap by 95.5% during the third quarter. Barclays PLC now owns 91,707 shares of the financial services provider's stock worth $8,687,000 after purchasing an additional 44,797 shares during the period. 96.42% of the stock is currently owned by institutional investors and hedge funds.

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AerCap Trading Down 1.6 %

AER stock traded down $1.52 during midday trading on Wednesday, hitting $95.20. The stock had a trading volume of 3,011,579 shares, compared to its average volume of 1,393,516. 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 firm has a market cap of $17.78 billion, a P/E ratio of 7.54, a price-to-earnings-growth ratio of 2.22 and a beta of 1.46. The business has a fifty day moving average price of $99.44 and a two-hundred day moving average price of $97.10. 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 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.75. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.97 billion. On average, sell-side analysts predict that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap announced that its board has authorized a stock repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 4.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

AerCap Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.13%. This is a boost from AerCap's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, March 12th. AerCap's dividend payout ratio is presently 9.99%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Barclays reaffirmed an "overweight" rating and set a $115.00 target price (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. Bank of America lifted their target price on AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Susquehanna upped their price target on shares of 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 shares of AerCap to an "underperform" rating in a research note on Friday, March 7th. Finally, Morgan Stanley decreased their target price on shares of AerCap from $112.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $117.14.

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.