AerCap Holdings (NYSE:AER) Shares Bought by River Road Asset Management LLC

River Road Asset Management LLC boosted its position in AerCap Holdings (NYSE:AER - Free Report) by 896.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 391,506 shares of the financial services provider's stock after purchasing an additional 352,215 shares during the period. River Road Asset Management LLC owned about 0.20% of AerCap worth $37,467,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AER. Toth Financial Advisory Corp acquired a new stake in AerCap during the 4th quarter valued at $29,000. Truvestments Capital LLC acquired a new stake in AerCap during the 3rd quarter valued at $35,000. Fortitude Family Office LLC acquired a new stake in AerCap during the 4th quarter valued at $38,000. Transamerica Financial Advisors Inc. acquired a new stake in AerCap during the 3rd quarter valued at $64,000. Finally, Quantbot Technologies LP acquired a new stake in AerCap during the 3rd quarter valued at $66,000. 96.42% of the stock is owned by hedge funds and other institutional investors.

AerCap Trading Up 2.3 %

AerCap stock traded up $2.30 during midday trading on Friday, reaching $101.37. The stock had a trading volume of 1,379,206 shares, compared to its average volume of 1,285,861. AerCap Holdings has a twelve month low of $81.93 and a twelve month high of $107.36. The stock has a market capitalization of $18.93 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 2.22 and a beta of 1.83. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The stock's 50-day simple moving average is $97.99 and its 200 day simple moving average is $96.37.

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AerCap (NYSE:AER - Get Free Report) last issued its 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. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $1.97 billion. Analysts expect that AerCap Holdings will post 11.29 EPS for the current year.

AerCap declared that its board has approved a stock repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

AerCap Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be given a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This is a positive change from AerCap's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.07%. AerCap's dividend payout ratio (DPR) is 9.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AER shares. Susquehanna increased their target price on AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a report on Thursday, February 27th. The Goldman Sachs Group reiterated a "buy" rating and set a $119.00 target price on shares of AerCap in a report on Thursday, November 21st. Bank of America raised their price objective 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 set a $115.00 price objective (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. Finally, UBS Group cut AerCap to an "underperform" rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $117.43.

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.