Baader Bank Aktiengesellschaft bought a new position in shares of Aercap Holdings N.V. (NYSE:AER – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,837 shares of the financial services provider’s stock, valued at approximately $552,000.
A number of other large investors also recently modified their holdings of AER. Harbor Capital Advisors Inc. bought a new stake in shares of Aercap during the fourth quarter worth about $27,000. Advisory Services Network LLC bought a new position in shares of Aercap during the third quarter valued at about $35,000. GAMMA Investing LLC boosted its holdings in Aercap by 36.5% during the fourth quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 96 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Aercap by 26.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 94 shares in the last quarter. Finally, Generali Asset Management SPA SGR bought a new stake in Aercap in the 4th quarter worth about $70,000. 96.42% of the stock is currently owned by institutional investors.
Aercap Stock Performance
Shares of AER stock opened at $141.99 on Friday. The firm’s 50 day moving average is $140.66 and its 200 day moving average is $140.96. The stock has a market capitalization of $23.70 billion, a P/E ratio of 6.22, a PEG ratio of 1.00 and a beta of 0.95. Aercap Holdings N.V. has a 12 month low of $105.65 and a 12 month high of $154.94. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34.
Aercap Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Wednesday, May 13th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, May 13th. Aercap’s payout ratio is presently 7.01%.
Aercap declared that its Board of Directors has approved a stock repurchase program on Wednesday, April 29th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
Analyst Upgrades and Downgrades
AER has been the topic of several recent analyst reports. Zacks Research raised shares of Aercap from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft set a $175.00 price target on Aercap and gave the company a “buy” rating in a research report on Tuesday, February 10th. Susquehanna lifted their price target on Aercap from $165.00 to $170.00 and gave the stock a “positive” rating in a report on Thursday, April 30th. TD Cowen boosted their price objective on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Barclays raised their target price on Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $163.13.
Read Our Latest Stock Report on AER
Aercap Company Profile
AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.
Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
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