Headlands Technologies LLC Sells 9,385 Shares of AerCap Holdings (NYSE:AER)

Headlands Technologies LLC cut its position in AerCap Holdings (NYSE:AER - Free Report) by 79.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,375 shares of the financial services provider's stock after selling 9,385 shares during the period. Headlands Technologies LLC's holdings in AerCap were worth $227,000 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. Geode Capital Management LLC increased its stake in shares of AerCap by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 1,619,546 shares of the financial services provider's stock worth $153,972,000 after purchasing an additional 70,829 shares during the period. Diametric Capital LP boosted its position in shares of AerCap by 58.9% in the fourth quarter. Diametric Capital LP now owns 8,231 shares of the financial services provider's stock valued at $788,000 after acquiring an additional 3,052 shares during the period. Alliancebernstein L.P. grew its stake in shares of AerCap by 1.8% in the fourth quarter. Alliancebernstein L.P. now owns 50,123 shares of the financial services provider's stock valued at $4,797,000 after acquiring an additional 888 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in 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 worth $1,786,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Brandywine Global Investment Management LLC grew its position in shares of AerCap by 1.9% during the 4th quarter. Brandywine Global Investment Management LLC now owns 1,269,433 shares of the financial services provider's stock worth $121,485,000 after purchasing an additional 23,285 shares in the last quarter. 96.42% of the stock is owned by institutional investors.

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AerCap Stock Performance

AerCap stock traded down $5.53 during mid-day trading on Thursday, reaching $89.79. The company's stock had a trading volume of 1,194,277 shares, compared to its average volume of 1,546,430. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. AerCap Holdings has a 12-month low of $81.93 and a 12-month high of $107.36. The company has a market capitalization of $16.77 billion, a P/E ratio of 7.11, a PEG ratio of 2.22 and a beta of 1.46. The firm's fifty day moving average price is $99.61 and its two-hundred day moving average price is $97.14.

AerCap (NYSE:AER - Get Free Report) last issued its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.75. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.97 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. Sell-side analysts predict that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap announced that its Board of Directors has approved a share repurchase 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 purchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

AerCap Increases Dividend

The firm also recently announced 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. The ex-dividend date was Wednesday, March 12th. This is a boost from AerCap's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.20%. AerCap's payout ratio is 9.99%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AER shares. Bank of America lifted their price target on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Barclays reissued an "overweight" rating and set a $115.00 target price (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. UBS Group downgraded shares of AerCap to an "underperform" rating in a research note on Friday, March 7th. Finally, Susquehanna increased their price objective 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. One research 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, AerCap currently has an average rating of "Moderate Buy" and an average target price of $117.43.

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.