AerCap Holdings (NYSE:AER) Shares Bought by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. grew its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 303,150 shares of the financial services provider's stock after buying an additional 6,235 shares during the quarter. Tocqueville Asset Management L.P. owned 0.15% of AerCap worth $29,011,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Toth Financial Advisory Corp bought a new position in AerCap in the 4th quarter valued at $29,000. Truvestments Capital LLC purchased a new stake in shares of AerCap during the third quarter valued at $35,000. Fortitude Family Office LLC bought a new position in shares of AerCap in the fourth quarter worth about $38,000. Transamerica Financial Advisors Inc. purchased a new position in AerCap in the 3rd quarter worth about $64,000. Finally, Quantbot Technologies LP bought a new stake in AerCap during the 3rd quarter valued at about $66,000. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

AerCap Stock Down 2.4 %

AER stock traded down $2.47 during trading on Friday, reaching $102.13. 1,448,210 shares of the company traded hands, compared to its average volume of 1,421,574. The business has a 50 day simple moving average of $98.73 and a 200 day simple moving average of $96.64. AerCap Holdings has a 12 month low of $81.93 and a 12 month 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. The company has a market capitalization of $19.08 billion, a price-to-earnings ratio of 8.09, a price-to-earnings-growth ratio of 2.22 and a beta of 1.83.

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

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

AerCap Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This is an increase from AerCap's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.06%. AerCap's dividend payout ratio is presently 9.99%.

Wall Street Analyst Weigh In

AER has been the topic of a number of research analyst reports. UBS Group downgraded shares of AerCap to an "underperform" rating in a research note on Friday, March 7th. Bank of America raised their price objective on AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, March 7th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $119.00 target price on shares of AerCap in a research report on Thursday, November 21st. Barclays reissued an "overweight" rating and set a $115.00 price target (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Finally, Susquehanna lifted their price objective on AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a report on Thursday, February 27th. One equities 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. According to MarketBeat.com, AerCap has a consensus rating of "Moderate Buy" and a consensus target price of $117.43.

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.