AerCap Holdings (NYSE:AER) Shares Sold by Lbp Am Sa

LBP AM SA lowered its holdings in AerCap Holdings (NYSE:AER - Free Report) by 78.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,567 shares of the financial services provider's stock after selling 62,404 shares during the quarter. LBP AM SA's holdings in AerCap were worth $1,681,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AER. Darsana Capital Partners LP purchased a new stake in AerCap in the third quarter valued at $94,720,000. TOMS Capital Investment Management LP purchased a new stake in AerCap in the third quarter valued at $60,526,000. KBC Group NV raised its position in AerCap by 137.8% in the fourth quarter. KBC Group NV now owns 834,452 shares of the financial services provider's stock valued at $79,857,000 after purchasing an additional 483,564 shares during the period. State Street Corp raised its position in AerCap by 8.3% in the third quarter. State Street Corp now owns 4,862,517 shares of the financial services provider's stock valued at $460,579,000 after purchasing an additional 370,906 shares during the period. Finally, River Road Asset Management LLC raised its holdings in shares of AerCap by 896.4% in the 4th quarter. River Road Asset Management LLC now owns 391,506 shares of the financial services provider's stock valued at $37,467,000 after buying an additional 352,215 shares during the period. Hedge funds and other institutional investors own 96.42% of the company's stock.

AerCap Stock Performance

Shares of NYSE AER traded up $0.28 during trading hours on Thursday, reaching $104.63. The stock had a trading volume of 930,428 shares, compared to its average volume of 1,420,936. The firm has a market cap of $19.54 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 2.22 and a beta of 1.83. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a fifty-two week low of $81.93 and a fifty-two week high of $107.36. The firm has a 50-day moving average of $98.56 and a 200-day moving average of $96.59.

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AerCap (NYSE:AER - Get Free Report) last announced its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts predict that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap announced that its board has authorized a share repurchase program on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 4.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

AerCap Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.03%. This is a boost from AerCap's previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, March 12th. AerCap's dividend payout ratio (DPR) is presently 9.99%.

Analysts Set New Price Targets

AER has been the topic of several research analyst reports. The Goldman Sachs Group reiterated a "buy" rating and issued a $119.00 price objective on shares of AerCap in a report on Thursday, November 21st. UBS Group cut AerCap to an "underperform" rating in a research report on Friday, March 7th. Barclays reaffirmed an "overweight" rating and set a $115.00 price objective (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Susquehanna upped their price objective on AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a research report on Thursday, February 27th. Finally, Bank of America upped their price objective on AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $117.43.

About AerCap

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.