Oppenheimer & Co. Inc. increased its stake in AerCap Holdings (NYSE:AER - Free Report) by 28.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,499 shares of the financial services provider's stock after acquiring an additional 10,273 shares during the period. Oppenheimer & Co. Inc.'s holdings in AerCap were worth $4,450,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp acquired a new stake in shares of AerCap during the 4th quarter worth $29,000. Truvestments Capital LLC acquired a new stake in AerCap in the third quarter valued at approximately $35,000. Fortitude Family Office LLC purchased a new position in AerCap in the 4th quarter valued at about $38,000. Transamerica Financial Advisors Inc. purchased a new stake in AerCap during the 3rd quarter worth approximately $64,000. Finally, Quantbot Technologies LP acquired a new stake in AerCap in the third quarter valued at $66,000. 96.42% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
AER has been the topic of several research reports. The Goldman Sachs Group reissued a "buy" rating and set a $119.00 price target on shares of AerCap in a research report on Thursday, November 21st. Barclays restated an "overweight" rating and issued a $115.00 price target (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Finally, Susquehanna raised their target price on shares of AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.17.
Get Our Latest Stock Report on AerCap
AerCap Stock Performance
AER stock traded down $1.42 during trading on Tuesday, reaching $99.59. 1,631,580 shares of the company's stock were exchanged, compared to its average volume of 1,297,680. AerCap Holdings has a 1-year low of $77.35 and a 1-year high of $107.36. The company's fifty day moving average price is $97.49 and its 200-day moving average price is $96.15. 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 firm has a market cap of $18.60 billion, a PE ratio of 7.88, a P/E/G ratio of 2.22 and a beta of 1.81.
AerCap (NYSE:AER - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $1.97 billion. On average, research analysts expect that AerCap Holdings will post 11.29 EPS for the current fiscal year.
AerCap Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.08%. This is an increase from AerCap's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, March 12th. AerCap's dividend payout ratio is presently 9.99%.
AerCap announced that its board has approved a stock repurchase plan on Wednesday, February 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 4.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.
AerCap Company Profile
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Free Report)
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.
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