Slate Path Capital LP Has $133.31 Million Stock Position in AerCap Holdings (NYSE:AER)

Slate Path Capital LP decreased its stake in shares of AerCap Holdings (NYSE:AER - Free Report) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,393,000 shares of the financial services provider's stock after selling 163,000 shares during the period. AerCap makes up about 2.4% of Slate Path Capital LP's investment portfolio, making the stock its 17th largest holding. Slate Path Capital LP owned about 0.70% of AerCap worth $133,310,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of AER. Toth Financial Advisory Corp bought a new position in shares of AerCap in the 4th quarter valued at about $29,000. Pinpoint Asset Management Ltd bought a new position in AerCap in the fourth quarter valued at approximately $35,000. Fortitude Family Office LLC acquired a new position in shares of AerCap during the 4th quarter worth approximately $38,000. Eagle Bay Advisors LLC raised its stake in shares of AerCap by 1,148.5% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider's stock worth $121,000 after purchasing an additional 1,160 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of AerCap by 51.7% in the 4th quarter. Blue Trust Inc. now owns 1,388 shares of the financial services provider's stock valued at $131,000 after buying an additional 473 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

AerCap Stock Performance

NYSE:AER traded up $1.13 during mid-day trading on Friday, hitting $103.30. 992,361 shares of the stock were exchanged, compared to its average volume of 1,402,915. The firm's 50-day simple moving average is $99.29 and its 200 day simple moving average is $97.33. The stock has a market capitalization of $19.29 billion, a price-to-earnings ratio of 8.19, a price-to-earnings-growth ratio of 2.22 and a beta of 1.46. AerCap Holdings has a fifty-two week low of $82.21 and a fifty-two week high of $107.36. 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 (NYSE:AER - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $2.56 by $0.75. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.97 billion. As a group, equities analysts anticipate that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap declared that its board has approved a share buyback plan on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy 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 announced 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 positive change from AerCap's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Wednesday, March 12th. AerCap's dividend payout ratio is 9.99%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Morgan Stanley decreased their price objective on shares of AerCap from $112.00 to $101.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. UBS Group downgraded AerCap to an "underperform" rating in a research report on Friday, March 7th. Susquehanna upped their price objective on AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a research note on Thursday, February 27th. Barclays reiterated an "overweight" rating and set a $115.00 target price (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Finally, Bank of America increased their price target on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, AerCap has a consensus rating of "Moderate Buy" and an average target price of $117.14.

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.