Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Position in AerCap Holdings (NYSE:AER)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of AerCap Holdings (NYSE:AER - Free Report) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,104 shares of the financial services provider's stock after buying an additional 10,987 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of AerCap worth $13,440,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AER. Korea Investment CORP grew its stake in shares of AerCap by 48.7% in the 4th quarter. Korea Investment CORP now owns 143,080 shares of the financial services provider's stock worth $13,693,000 after acquiring an additional 46,844 shares in the last quarter. LPL Financial LLC grew its position in AerCap by 85.7% in the 4th quarter. LPL Financial LLC now owns 66,915 shares of the financial services provider's stock worth $6,404,000 after purchasing an additional 30,884 shares in the last quarter. Fox Run Management L.L.C. increased its stake in AerCap by 398.0% in the 4th quarter. Fox Run Management L.L.C. now owns 13,993 shares of the financial services provider's stock valued at $1,339,000 after buying an additional 11,183 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of AerCap during the 4th quarter worth approximately $14,881,000. Finally, American Century Companies Inc. boosted its stake in shares of AerCap by 5.9% in the 4th quarter. American Century Companies Inc. now owns 121,445 shares of the financial services provider's stock worth $11,622,000 after buying an additional 6,746 shares during the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

AerCap Stock Performance

AER traded down $9.14 during trading hours on Friday, hitting $89.51. The stock had a trading volume of 4,195,423 shares, compared to its average volume of 1,349,744. The stock has a market cap of $16.72 billion, a PE ratio of 7.09, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. AerCap Holdings has a 1 year low of $81.93 and a 1 year high of $107.36. 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 company's fifty day simple moving average is $100.01 and its 200 day simple moving average is $97.31.

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

AerCap Increases Dividend

The business also recently declared 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 is a boost from AerCap's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.21%. AerCap's payout ratio is 9.99%.

AerCap declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 4.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts recently commented on the company. Susquehanna increased their price target on AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a research report on Thursday, February 27th. Barclays reaffirmed an "overweight" rating and set a $115.00 target price (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Bank of America lifted their target price on AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Finally, UBS Group lowered shares of AerCap to an "underperform" rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.