Aercap Holdings N.V. $AER Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC reduced its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 98.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,517 shares of the financial services provider’s stock after selling 236,215 shares during the period. River Road Asset Management LLC’s holdings in Aercap were worth $362,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. State Street Corp boosted its position in Aercap by 3.7% in the 4th quarter. State Street Corp now owns 5,112,626 shares of the financial services provider’s stock valued at $735,003,000 after buying an additional 184,425 shares during the period. Mizuho Markets Cayman LP increased its position in shares of Aercap by 45,615.5% during the third quarter. Mizuho Markets Cayman LP now owns 3,510,491 shares of the financial services provider’s stock worth $424,769,000 after acquiring an additional 3,502,812 shares during the period. Mawer Investment Management Ltd. increased its position in shares of Aercap by 56.3% during the fourth quarter. Mawer Investment Management Ltd. now owns 3,272,935 shares of the financial services provider’s stock worth $470,517,000 after acquiring an additional 1,179,241 shares during the period. Ninety One UK Ltd raised its stake in shares of Aercap by 1.1% in the fourth quarter. Ninety One UK Ltd now owns 2,804,003 shares of the financial services provider’s stock valued at $403,103,000 after acquiring an additional 31,794 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Aercap by 2.7% in the fourth quarter. JPMorgan Chase & Co. now owns 2,738,772 shares of the financial services provider’s stock valued at $393,726,000 after acquiring an additional 71,923 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Aercap Stock Down 0.0%

AER stock opened at $145.03 on Friday. 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 Holdings N.V. has a twelve month low of $105.65 and a twelve month high of $154.94. The company’s 50 day moving average is $141.41 and its two-hundred day moving average is $142.17. The stock has a market cap of $24.20 billion, a P/E ratio of 6.36, a PEG ratio of 1.01 and a beta of 0.93.

Aercap (NYSE:AER) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. The business had revenue of $2.30 billion during the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. Research analysts expect that Aercap Holdings N.V. will post 17.23 earnings per share for the current fiscal year.

Aercap announced that its board has approved a share buyback program on Wednesday, April 29th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Aercap Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, May 13th. Aercap’s dividend payout ratio is currently 7.01%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Susquehanna boosted their target price on Aercap from $165.00 to $170.00 and gave the stock a “positive” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. increased their price target on Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings cut Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. Barclays boosted their price objective on Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, TD Cowen lifted their price target on shares of Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $163.12.

Aercap 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.