Prudential PLC Has $4.73 Million Holdings in AerCap Holdings (NYSE:AER)

Prudential PLC increased its position in AerCap Holdings (NYSE:AER - Free Report) by 12.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,459 shares of the financial services provider's stock after buying an additional 5,429 shares during the period. Prudential PLC's holdings in AerCap were worth $4,733,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AER. Quantbot Technologies LP bought a new stake in AerCap during the third quarter worth approximately $66,000. Benjamin Edwards Inc. acquired a new stake in shares of AerCap in the third quarter worth $413,000. Centiva Capital LP bought a new stake in shares of AerCap during the 3rd quarter worth $572,000. Hilltop Holdings Inc. acquired a new position in AerCap in the 3rd quarter valued at $236,000. Finally, Janus Henderson Group PLC grew its stake in AerCap by 13.8% in the 3rd quarter. Janus Henderson Group PLC now owns 254,201 shares of the financial services provider's stock valued at $24,073,000 after buying an additional 30,816 shares during the last quarter. Institutional investors own 96.42% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Susquehanna lifted their price objective on AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a research note on Thursday, February 27th. Morgan Stanley lowered their target price on AerCap from $112.00 to $101.00 and set an "equal weight" rating on the stock in a report on Friday. Bank of America upped their price target on AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Barclays restated an "overweight" rating and issued a $115.00 price objective (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Finally, UBS Group lowered shares of AerCap to an "underperform" 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 given a buy rating to the company. According to data from MarketBeat, AerCap presently has a consensus rating of "Moderate Buy" and an average price target of $117.14.

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AerCap Stock Performance

Shares of NYSE AER traded up $1.66 during trading hours on Friday, reaching $92.03. The stock had a trading volume of 2,217,024 shares, compared to its average volume of 1,381,053. The company has a market cap of $17.19 billion, a price-to-earnings ratio of 7.29, a PEG ratio of 2.22 and a beta of 1.46. AerCap Holdings has a twelve month low of $81.93 and a twelve month high of $107.36. The business's fifty day moving average is $99.46 and its two-hundred day moving average is $97.08. 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 released its quarterly earnings data 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. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.97 billion. As a group, research analysts expect that AerCap Holdings will post 11.29 EPS for the current year.

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

AerCap Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.27 per share. The ex-dividend date 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 dividend yield of 1.17%. AerCap's dividend payout ratio (DPR) is presently 9.99%.

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.