SVB Wealth LLC Purchases New Shares in AerCap Holdings (NYSE:AER)

SVB Wealth LLC purchased a new stake in AerCap Holdings (NYSE:AER - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,084 shares of the financial services provider's stock, valued at approximately $391,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AER. Darsana Capital Partners LP acquired a new position in shares of AerCap in the third quarter valued at approximately $94,720,000. TOMS Capital Investment Management LP bought a new stake in shares of AerCap in the third quarter worth $60,526,000. KBC Group NV lifted its position in shares of AerCap by 137.8% in the fourth quarter. KBC Group NV now owns 834,452 shares of the financial services provider's stock worth $79,857,000 after purchasing an additional 483,564 shares in the last quarter. State Street Corp lifted its position in shares of AerCap by 8.3% in the third quarter. State Street Corp now owns 4,862,517 shares of the financial services provider's stock worth $460,579,000 after purchasing an additional 370,906 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of AerCap by 5.3% in the third quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider's stock worth $545,726,000 after purchasing an additional 282,980 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

Wall Street Analyst Weigh In

AER has been the topic of a number of research reports. Bank of America boosted their price objective on shares of AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday. The Goldman Sachs Group reissued a "buy" rating and issued a $119.00 price objective on shares of AerCap in a research report on Thursday, November 21st. Barclays reissued an "overweight" rating and issued a $115.00 price objective (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Finally, Susquehanna boosted their price objective on shares of AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, AerCap presently has an average rating of "Moderate Buy" and a consensus price target of $117.43.

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AerCap Stock Performance

NYSE AER traded down $1.57 on Friday, hitting $99.63. 2,475,618 shares of the stock were exchanged, compared to its average volume of 1,374,195. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The business's fifty day moving average is $97.79 and its 200 day moving average is $96.26. AerCap Holdings has a 52 week low of $80.90 and a 52 week high of $107.36. The company has a market capitalization of $18.61 billion, a PE ratio of 7.89, a P/E/G ratio of 2.22 and a beta of 1.81.

AerCap (NYSE:AER - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $1.97 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. Research analysts anticipate that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders 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 dividend yield of 1.08%. AerCap's dividend payout ratio is presently 9.99%.

AerCap declared that its Board of Directors has authorized a stock buyback 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 purchase 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 shares are 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.