Aercap Holdings N.V. $AER Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 36.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 133,720 shares of the financial services provider’s stock after selling 76,531 shares during the quarter. Intech Investment Management LLC’s holdings in Aercap were worth $19,224,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AER. Thoroughbred Financial Services LLC bought a new stake in shares of Aercap in the fourth quarter worth $244,000. Geode Capital Management LLC boosted its stake in Aercap by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 1,617,706 shares of the financial services provider’s stock valued at $230,393,000 after acquiring an additional 53,957 shares during the last quarter. Legal & General Group Plc grew its holdings in Aercap by 1.0% during the 4th quarter. Legal & General Group Plc now owns 1,156,810 shares of the financial services provider’s stock worth $166,303,000 after acquiring an additional 11,116 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Aercap by 15.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,431 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 189 shares in the last quarter. Finally, LSV Asset Management increased its position in shares of Aercap by 1.0% in the 4th quarter. LSV Asset Management now owns 358,378 shares of the financial services provider’s stock worth $51,520,000 after purchasing an additional 3,578 shares during the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Aercap Price Performance

Shares of NYSE:AER opened at $138.89 on Friday. The company has a market cap of $23.18 billion, a PE ratio of 6.09, a P/E/G ratio of 0.99 and a beta of 0.95. Aercap Holdings N.V. has a fifty-two week low of $105.65 and a fifty-two week high of $154.94. The firm has a 50-day simple moving average of $140.80 and a 200 day simple moving average of $141.65. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34.

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

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 given a dividend of $0.40 per share. The ex-dividend date is Wednesday, May 13th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Aercap’s payout ratio is currently 7.01%.

Aercap announced that its board has initiated a share repurchase plan on Wednesday, April 29th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

AER has been the topic of several research analyst reports. Barclays increased their price target on shares of Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Morgan Stanley cut their price objective on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. TD Cowen lifted their target price on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Zacks Research upgraded Aercap from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft set a $175.00 price objective on Aercap and gave the stock a “buy” rating in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $163.13.

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.