Thompson Siegel & Walmsley LLC Sells 19,488 Shares of AerCap Holdings (NYSE:AER)

Thompson Siegel & Walmsley LLC reduced its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,625,932 shares of the financial services provider's stock after selling 19,488 shares during the quarter. AerCap comprises about 2.4% of Thompson Siegel & Walmsley LLC's portfolio, making the stock its biggest position. Thompson Siegel & Walmsley LLC owned approximately 0.82% of AerCap worth $155,602,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Toth Financial Advisory Corp bought a new position in shares of AerCap in the fourth quarter valued at approximately $29,000. Truvestments Capital LLC bought a new position in AerCap during the third quarter valued at $35,000. Fortitude Family Office LLC bought a new position in AerCap during the fourth quarter valued at $38,000. Transamerica Financial Advisors Inc. bought a new position in AerCap during the third quarter valued at $64,000. Finally, Quantbot Technologies LP bought a new position in AerCap during the third quarter valued at $66,000. 96.42% of the stock is owned by hedge funds and other institutional investors.

AerCap Stock Down 0.3 %

AER opened at $97.07 on Thursday. The company has a market cap of $18.13 billion, a P/E ratio of 7.69, a P/E/G ratio of 2.22 and a beta of 1.83. The business's 50-day moving average price is $97.91 and its 200-day moving average price is $96.35. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a 12 month low of $81.93 and a 12 month high of $107.36.

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AerCap (NYSE:AER - Get Free Report) last posted its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts expect that AerCap Holdings will post 11.29 EPS for the current year.

AerCap Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, March 12th. 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 1.11%. AerCap's dividend payout ratio (DPR) is presently 9.99%.

AerCap announced that its board has initiated a stock buyback program on Wednesday, February 26th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AER. Barclays reissued an "overweight" rating and set a $115.00 price objective (up from $113.00) on shares of AerCap in a report on Thursday, February 27th. Bank of America increased their price objective on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, March 7th. The Goldman Sachs Group reissued a "buy" rating and set a $119.00 price objective on shares of AerCap in a report on Thursday, November 21st. Susquehanna raised their price target on AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a report on Thursday, February 27th. Finally, UBS Group lowered AerCap to an "underperform" rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $117.43.

About AerCap

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.

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