Russell Investments Group Ltd. Has $98.79 Million Stock Holdings in AerCap Holdings (NYSE:AER)

Russell Investments Group Ltd. increased its position in AerCap Holdings (NYSE:AER - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,032,293 shares of the financial services provider's stock after acquiring an additional 124,539 shares during the period. Russell Investments Group Ltd. owned approximately 0.52% of AerCap worth $98,788,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. grew its stake in shares of AerCap by 59.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider's stock worth $1,686,000 after purchasing an additional 6,654 shares in the last quarter. Bank of New York Mellon Corp grew its position in AerCap by 1.0% in the 4th quarter. Bank of New York Mellon Corp now owns 446,303 shares of the financial services provider's stock valued at $42,711,000 after buying an additional 4,222 shares in the last quarter. Franklin Resources Inc. increased its stake in AerCap by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider's stock valued at $545,726,000 after buying an additional 282,980 shares during the period. Barclays PLC lifted its stake in shares of AerCap by 95.5% in the 3rd quarter. Barclays PLC now owns 91,707 shares of the financial services provider's stock worth $8,687,000 after acquiring an additional 44,797 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in AerCap in the third quarter worth approximately $3,478,000. Institutional investors own 96.42% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AER shares. Bank of America lifted their price target on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Barclays reiterated 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. Morgan Stanley lowered their price objective on shares of AerCap from $112.00 to $101.00 and set an "equal weight" rating on the stock in a research note on Friday. Susquehanna increased their target price on shares of AerCap from $108.00 to $120.00 and gave the company a "positive" rating 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 investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $117.14.

AerCap Stock Up 1.6 %

Shares of AerCap stock traded up $1.45 during midday trading on Friday, hitting $91.82. The company's stock had a trading volume of 900,445 shares, compared to its average volume of 1,378,471. AerCap Holdings has a 1-year low of $81.93 and a 1-year high of $107.36. 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 capitalization of $17.15 billion, a P/E ratio of 7.29, a PEG ratio of 2.22 and a beta of 1.46. The stock has a 50-day simple moving average of $99.52 and a 200-day simple moving average of $97.10.

AerCap (NYSE:AER - Get Free Report) last released its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.75. The company had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $1.97 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. As a group, sell-side analysts expect that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.27 per share. This is a boost from AerCap's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Wednesday, March 12th. AerCap's payout ratio is currently 9.99%.

AerCap declared that its Board of Directors has approved a share repurchase 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 stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is 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.