KLP Kapitalforvaltning AS Buys Shares of 155,500 AerCap Holdings (NYSE:AER)

KLP Kapitalforvaltning AS bought a new stake in AerCap Holdings (NYSE:AER - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 155,500 shares of the financial services provider's stock, valued at approximately $14,881,000. KLP Kapitalforvaltning AS owned about 0.08% of AerCap as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AER. B. Riley Wealth Advisors Inc. grew its stake in shares of AerCap by 59.3% in 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 acquiring an additional 6,654 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in AerCap by 1.0% in the 4th quarter. Bank of New York Mellon Corp now owns 446,303 shares of the financial services provider's stock valued at $42,711,000 after purchasing an additional 4,222 shares during the period. Franklin Resources Inc. grew its position 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 worth $545,726,000 after purchasing an additional 282,980 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in shares of AerCap by 145.5% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 21,235 shares of the financial services provider's stock worth $2,011,000 after purchasing an additional 12,584 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in shares of AerCap by 23.1% during the third quarter. Daiwa Securities Group Inc. now owns 69,796 shares of the financial services provider's stock valued at $6,611,000 after buying an additional 13,082 shares during the last quarter. 96.42% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Susquehanna lifted their target price on AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a research report on Thursday, February 27th. Barclays reissued 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. Bank of America increased their target price on shares of AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Finally, UBS Group lowered shares of AerCap to an "underperform" rating in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, AerCap has an average rating of "Moderate Buy" and an average price target of $117.43.

AerCap Price Performance

NYSE:AER traded down $0.65 during mid-day trading on Friday, reaching $102.12. 1,456,125 shares of the company were exchanged, compared to its average volume of 1,334,557. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The stock has a market cap of $19.07 billion, a PE ratio of 8.09, a PEG ratio of 2.22 and a beta of 1.83. AerCap Holdings has a 12 month low of $81.93 and a 12 month high of $107.36. The company has a fifty day moving average of $99.60 and a 200 day moving average of $97.06.

AerCap (NYSE:AER - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, beating 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 analysts' expectations of $1.97 billion. On average, research analysts anticipate that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be issued a $0.27 dividend. This is a boost from AerCap's previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, March 12th. This represents a $1.08 annualized dividend and a yield of 1.06%. AerCap's dividend payout ratio (DPR) is currently 9.99%.

AerCap declared that its board has initiated a share repurchase plan on Wednesday, February 26th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to repurchase up to 4.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

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.