Pinnbrook Capital Management LP Buys Shares of 26,635 Aercap Holdings N.V. $AER

Pinnbrook Capital Management LP bought a new stake in Aercap Holdings N.V. (NYSE:AER) in the 4th quarter, Holdings Channel reports. The institutional investor bought 26,635 shares of the financial services provider’s stock, valued at approximately $3,829,000.

Other large investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC raised its position in shares of Aercap by 19.0% during the first quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 423 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Aercap by 282.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,659 shares of the financial services provider’s stock worth $680,000 after purchasing an additional 4,919 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Aercap by 26.6% in the first 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. Invesco Ltd. increased its holdings in Aercap by 43.3% in the second quarter. Invesco Ltd. now owns 459,459 shares of the financial services provider’s stock worth $53,757,000 after purchasing an additional 138,843 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Aercap by 59.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,143 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 425 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AER. Barclays lifted their target price on Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $175.00 target price on Aercap and gave the stock a “buy” rating in a report on Tuesday, February 10th. Zacks Research upgraded Aercap from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Morgan Stanley lowered their target price on Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised their price objective on Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $163.13.

Aercap Stock Performance

Shares of Aercap stock opened at $139.44 on Friday. The business’s fifty day simple moving average is $140.42 and its 200 day simple moving average is $141.39. The firm has a market capitalization of $23.27 billion, a P/E ratio of 6.11, a price-to-earnings-growth ratio of 0.98 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 (NYSE:AER) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. The business had revenue of $2.30 billion for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%. As a group, analysts anticipate that Aercap Holdings N.V. will post 17.23 EPS for the current year.

Aercap Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Wednesday, May 13th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, May 13th. Aercap’s dividend payout ratio (DPR) is 7.01%.

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

About Aercap

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.