Helix Partners Management LP Purchases Shares of 75,000 AerCap Holdings (NYSE:AER)

Helix Partners Management LP bought a new stake in shares of AerCap Holdings (NYSE:AER - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 75,000 shares of the financial services provider's stock, valued at approximately $7,178,000. AerCap comprises approximately 1.3% of Helix Partners Management LP's investment portfolio, making the stock its 6th biggest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Toth Financial Advisory Corp bought a new position in AerCap during the fourth quarter valued at $29,000. Fortitude Family Office LLC purchased a new position in shares of AerCap during the 4th quarter worth about $38,000. Quantbot Technologies LP purchased a new position in shares of AerCap during the 3rd quarter worth about $66,000. TD Private Client Wealth LLC bought a new position in AerCap during the 3rd quarter valued at about $78,000. Finally, Eagle Bay Advisors LLC raised its position in AerCap by 1,148.5% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider's stock worth $121,000 after purchasing an additional 1,160 shares during the period. Hedge funds and other institutional investors own 96.42% of the company's stock.

AerCap Stock Up 2.3 %

Shares of AerCap stock traded up $2.09 during trading on Tuesday, hitting $91.51. 1,172,643 shares of the stock traded hands, compared to its average volume of 1,495,204. AerCap Holdings has a 52-week low of $81.93 and a 52-week high of $107.36. The stock's fifty day simple moving average is $99.89 and its 200 day simple moving average is $97.27. The firm has a market cap of $17.09 billion, a P/E ratio of 7.25, 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.

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AerCap (NYSE:AER - Get Free Report) last posted its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.97 billion. On average, equities 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 share repurchase plan on Wednesday, February 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

AerCap Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.18%. This is a positive change from AerCap's previous quarterly dividend of $0.25. AerCap's dividend payout ratio is currently 9.99%.

Analysts Set New Price Targets

Several brokerages have issued reports on AER. Barclays restated an "overweight" rating and set a $115.00 target price (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Bank of America boosted their price objective on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, March 7th. Susquehanna increased their target price on AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a research note on Thursday, February 27th. Finally, UBS Group lowered shares of AerCap to an "underperform" rating in a research note on Friday, March 7th. One equities 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.43.

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.