Rockefeller Capital Management L.P. Reduces Stock Position in AerCap Holdings (NYSE:AER)

Rockefeller Capital Management L.P. cut its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 35.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 986,908 shares of the financial services provider's stock after selling 539,466 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.50% of AerCap worth $94,447,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in AerCap during the fourth quarter worth about $218,517,000. KBC Group NV grew its stake in shares of AerCap by 137.8% in the 4th quarter. KBC Group NV now owns 834,452 shares of the financial services provider's stock valued at $79,857,000 after buying an additional 483,564 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of AerCap by 43.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,599,032 shares of the financial services provider's stock worth $153,027,000 after buying an additional 483,428 shares during the last quarter. River Road Asset Management LLC raised its position in shares of AerCap by 896.4% during the 4th quarter. River Road Asset Management LLC now owns 391,506 shares of the financial services provider's stock valued at $37,467,000 after buying an additional 352,215 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in AerCap by 5.3% in the third quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider's stock valued at $545,726,000 after acquiring an additional 282,980 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.

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AerCap Stock Down 1.6 %

AER traded down $1.52 during trading hours on Wednesday, hitting $95.20. 3,011,536 shares of the company's stock were exchanged, compared to its average volume of 1,618,739. The firm has a market cap of $17.78 billion, a P/E ratio of 7.54, a price-to-earnings-growth ratio of 2.22 and a beta of 1.46. AerCap Holdings has a 12-month low of $82.21 and a 12-month high of $107.36. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a 50 day moving average of $99.44 and a 200 day moving average of $97.10.

AerCap (NYSE:AER - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.56 by $0.75. The business had revenue of $2.07 billion for 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%. Analysts predict that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap announced that its Board of Directors has authorized a stock buyback plan 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 reacquire up to 4.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

AerCap Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Wednesday, March 12th. This is a boost from AerCap's previous quarterly dividend of $0.25. AerCap's dividend payout ratio (DPR) is presently 9.99%.

Analysts Set New Price Targets

A number of research firms have commented on AER. Susquehanna lifted their target price on AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a research report on Thursday, February 27th. Morgan Stanley reduced their price objective on shares of AerCap from $112.00 to $101.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Barclays reaffirmed an "overweight" rating and set a $115.00 target price (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. UBS Group cut shares of AerCap to an "underperform" rating in a research report on Friday, March 7th. Finally, Bank of America upped their price objective on shares of AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $117.14.

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.