AerCap Holdings (NYSE:AER) Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 15.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 172,043 shares of the financial services provider's stock after acquiring an additional 23,279 shares during the period. Pictet Asset Management Holding SA owned 0.09% of AerCap worth $16,463,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AER. Franklin Resources Inc. lifted its position in shares of AerCap by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider's stock worth $545,726,000 after buying an additional 282,980 shares during the last quarter. State Street Corp lifted 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 acquiring an additional 370,906 shares during the last quarter. Cooke & Bieler LP lifted its position in AerCap by 3.0% in the fourth quarter. Cooke & Bieler LP now owns 2,934,185 shares of the financial services provider's stock valued at $280,802,000 after acquiring an additional 86,548 shares during the last quarter. Ninety One UK Ltd boosted its stake in AerCap by 7.0% in the fourth quarter. Ninety One UK Ltd now owns 2,550,350 shares of the financial services provider's stock valued at $244,068,000 after acquiring an additional 167,830 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of AerCap during the fourth quarter worth about $218,517,000. 96.42% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

A number of brokerages recently issued reports on AER. Barclays reissued an "overweight" rating and issued a $115.00 target price (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Susquehanna raised their target price on shares of AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a research report on Thursday, February 27th. Bank of America upped their price target on shares of AerCap from $105.00 to $125.00 and gave the company 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 note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $117.43.

AerCap Stock Performance

AerCap stock traded down $9.14 during trading hours on Friday, reaching $89.51. 4,195,423 shares of the stock were exchanged, compared to its average volume of 1,349,744. The stock has a market cap of $16.72 billion, a P/E ratio of 7.09, a P/E/G ratio of 2.22 and a beta of 1.45. The firm's 50 day moving average is $100.01 and its 200 day moving average is $97.34. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. AerCap Holdings has a 52-week low of $81.93 and a 52-week high of $107.36.

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 for the quarter, beating analysts' consensus estimates of $2.56 by $0.75. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.97 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. Analysts predict that AerCap Holdings will post 11.29 EPS for the current fiscal 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 issued 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 dividend on an annualized basis and a yield of 1.21%. AerCap's dividend payout ratio (DPR) is 9.99%.

AerCap announced that its Board of Directors has approved a stock buyback program on Wednesday, February 26th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

AerCap 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.