Todd Asset Management LLC Has $75.44 Million Stock Position in Aercap Holdings N.V. $AER

Todd Asset Management LLC lessened its position in shares of Aercap Holdings N.V. (NYSE:AER) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 524,728 shares of the financial services provider’s stock after selling 9,233 shares during the quarter. Aercap makes up about 1.5% of Todd Asset Management LLC’s investment portfolio, making the stock its 11th largest position. Todd Asset Management LLC owned 0.28% of Aercap worth $75,436,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Arbejdsmarkedets Tillaegspension acquired a new stake in shares of Aercap during the 4th quarter worth approximately $23,935,000. Citigroup Inc. grew its holdings in shares of Aercap by 12.7% during the 3rd quarter. Citigroup Inc. now owns 176,919 shares of the financial services provider’s stock worth $21,407,000 after purchasing an additional 19,975 shares in the last quarter. Alberta Investment Management Corp grew its holdings in shares of Aercap by 142.4% during the 3rd quarter. Alberta Investment Management Corp now owns 38,300 shares of the financial services provider’s stock worth $4,634,000 after purchasing an additional 22,500 shares in the last quarter. M3F Inc. grew its holdings in shares of Aercap by 17.5% during the 3rd quarter. M3F Inc. now owns 208,500 shares of the financial services provider’s stock worth $25,229,000 after purchasing an additional 31,000 shares in the last quarter. Finally, Convergence Investment Partners LLC acquired a new stake in shares of Aercap during the 4th quarter worth approximately $1,520,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Aercap Trading Up 0.0%

Shares of AER opened at $138.68 on Monday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $23.14 billion, a price-to-earnings ratio of 6.08, a PEG ratio of 0.97 and a beta of 0.95. The stock has a fifty day moving average price of $140.37 and a two-hundred day moving average price of $141.44. Aercap Holdings N.V. has a 52-week low of $105.65 and a 52-week high of $154.94.

Aercap (NYSE:AER) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%.The company had revenue of $2.30 billion for the quarter. Analysts predict that Aercap Holdings N.V. will post 17.23 EPS for the current fiscal year.

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

Aercap Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, May 13th. Aercap’s dividend payout ratio (DPR) is presently 7.01%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AER shares. Weiss Ratings raised Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 4th. TD Cowen lifted their price objective on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Morgan Stanley cut their target price on Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Zacks Research upgraded Aercap from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Barclays raised their target price on Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $163.13.

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.