AerCap Holdings (NYSE:AER) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its stake in AerCap Holdings (NYSE:AER - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 445,115 shares of the financial services provider's stock after selling 4,563 shares during the period. Wells Fargo & Company MN owned about 0.22% of AerCap worth $42,597,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Franklin Resources Inc. grew its stake in AerCap by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider's stock worth $545,726,000 after acquiring an additional 282,980 shares in the last quarter. Cooke & Bieler LP raised its position in AerCap by 3.0% during the 4th quarter. Cooke & Bieler LP now owns 2,934,185 shares of the financial services provider's stock valued at $280,802,000 after purchasing an additional 86,548 shares in the last quarter. Ninety One UK Ltd lifted its stake in AerCap by 7.0% in the fourth quarter. Ninety One UK Ltd now owns 2,550,350 shares of the financial services provider's stock worth $244,068,000 after acquiring an additional 167,830 shares during the period. Norges Bank purchased a new stake in shares of AerCap in the 4th quarter worth approximately $218,517,000. Finally, Geode Capital Management LLC boosted its stake in shares of AerCap by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 1,619,546 shares of the financial services provider's stock valued at $153,972,000 after purchasing an additional 70,829 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.

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AerCap Stock Up 0.9 %

Shares of AER stock traded up $0.90 during trading hours on Tuesday, reaching $96.65. 333,653 shares of the company's stock were exchanged, compared to its average volume of 1,380,977. AerCap Holdings has a 1 year low of $81.93 and a 1 year high of $107.36. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The stock has a market cap of $18.05 billion, a PE ratio of 7.66, a PEG ratio of 2.22 and a beta of 1.46. The stock's fifty day moving average price is $99.45 and its two-hundred day moving average price is $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, topping the consensus estimate of $2.56 by $0.75. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.97 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. Research analysts predict that AerCap Holdings will post 11.29 EPS for the current year.

AerCap Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th were paid a $0.27 dividend. This is a positive change from AerCap's previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.12%. AerCap's dividend payout ratio (DPR) is 9.99%.

AerCap declared that its Board of Directors has authorized 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 repurchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AER shares. UBS Group downgraded shares of AerCap to an "underperform" rating in a research note on Friday, March 7th. Bank of America boosted their price target on AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Morgan Stanley dropped their price objective on AerCap from $112.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday. Susquehanna boosted their target price on shares of AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a report on Thursday, February 27th. Finally, Barclays reissued an "overweight" rating and set a $115.00 price target (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, AerCap presently has an average 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.