Geode Capital Management LLC Boosts Stake in AerCap Holdings (NYSE:AER)

Geode Capital Management LLC raised its position in AerCap Holdings (NYSE:AER - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,619,546 shares of the financial services provider's stock after buying an additional 70,829 shares during the period. Geode Capital Management LLC owned about 0.82% of AerCap worth $153,972,000 at the end of the most recent reporting period.

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

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AerCap Price Performance

Shares of NYSE:AER traded up $1.66 during midday trading on Friday, hitting $92.03. 2,217,024 shares of the stock were exchanged, compared to its average volume of 1,381,053. AerCap Holdings has a twelve month low of $81.93 and a twelve month high of $107.36. 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 company has a 50 day moving average price of $99.46 and a 200-day moving average price of $97.08. The stock has a market cap of $17.19 billion, a P/E ratio of 7.29, a PEG ratio of 2.22 and a beta of 1.46.

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 analysts' consensus estimates of $2.56 by $0.75. The firm had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $1.97 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. On average, research analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th were given a $0.27 dividend. 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 1.17%. This is an increase from AerCap's previous quarterly dividend of $0.25. AerCap's payout ratio is currently 9.99%.

AerCap announced that its Board of Directors has initiated a share repurchase 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 shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. UBS Group lowered shares of AerCap to an "underperform" rating in a report on Friday, March 7th. Bank of America upped their target price on shares of AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, March 7th. Morgan Stanley reduced their target price on shares of AerCap from $112.00 to $101.00 and set an "equal weight" rating for the company in a research note on Friday. Barclays reaffirmed an "overweight" rating and set a $115.00 price objective (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. Finally, Susquehanna boosted their price objective on shares of AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.