2,283,354 Shares in AerCap Holdings (NYSE:AER) Acquired by Norges Bank

Norges Bank purchased a new position in shares of AerCap Holdings (NYSE:AER - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,283,354 shares of the financial services provider's stock, valued at approximately $218,517,000. Norges Bank owned approximately 1.15% of AerCap as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AER. Charles Schwab Investment Management Inc. boosted its position in AerCap by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 230,945 shares of the financial services provider's stock valued at $21,875,000 after buying an additional 643 shares during the last quarter. FMR LLC grew its stake in AerCap by 1.3% during the 3rd quarter. FMR LLC now owns 1,737,476 shares of the financial services provider's stock valued at $164,574,000 after purchasing an additional 22,346 shares in the last quarter. Quantbot Technologies LP purchased a new stake in AerCap during the 3rd quarter worth approximately $66,000. BNP Paribas Financial Markets increased its holdings in AerCap by 8.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 167,701 shares of the financial services provider's stock worth $15,885,000 after purchasing an additional 13,427 shares during the last quarter. Finally, Financial Counselors Inc. raised its position in shares of AerCap by 7.8% in the 3rd quarter. Financial Counselors Inc. now owns 5,800 shares of the financial services provider's stock valued at $549,000 after purchasing an additional 419 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.

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Analysts Set New Price Targets

AER has been the subject of a number of research analyst reports. Bank of America lifted their price target on shares of AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. UBS Group downgraded shares of AerCap to an "underperform" rating in a research report on Friday, March 7th. Barclays reaffirmed an "overweight" rating and set a $115.00 price target (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Finally, Susquehanna lifted their price target on AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $117.43.

AerCap Stock Performance

Shares of NYSE:AER traded down $9.14 during trading on Friday, reaching $89.51. 4,195,423 shares of the company's stock traded hands, compared to its average volume of 1,348,204. The stock has a market capitalization of $16.72 billion, a P/E ratio of 7.09, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. AerCap Holdings has a 12 month low of $81.93 and a 12 month high of $107.36. The company has a 50 day moving average of $100.01 and a 200-day moving average of $97.30. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67.

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 the consensus estimate of $2.56 by $0.75. The company 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%. On average, equities analysts expect that AerCap Holdings will post 11.29 EPS for the current year.

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 paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.21%. This is a boost from AerCap's previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, March 12th. AerCap's dividend payout ratio (DPR) is presently 9.99%.

AerCap announced that its board has authorized a share buyback program 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 buy 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 shares are 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.