Goldman Sachs Group Inc. Decreases Holdings in Aercap Holdings N.V. $AER

Goldman Sachs Group Inc. reduced its position in Aercap Holdings N.V. (NYSE:AER) by 37.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,247,877 shares of the financial services provider’s stock after selling 736,933 shares during the quarter. Goldman Sachs Group Inc. owned about 0.67% of Aercap worth $179,395,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AER. Mizuho Markets Cayman LP boosted its position in shares of Aercap by 45,615.5% in the 3rd quarter. Mizuho Markets Cayman LP now owns 3,510,491 shares of the financial services provider’s stock worth $424,769,000 after purchasing an additional 3,502,812 shares in the last quarter. Norges Bank purchased a new stake in Aercap in the fourth quarter valued at about $352,172,000. Mawer Investment Management Ltd. raised its stake in Aercap by 56.3% in the fourth quarter. Mawer Investment Management Ltd. now owns 3,272,935 shares of the financial services provider’s stock valued at $470,517,000 after buying an additional 1,179,241 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in Aercap by 642.7% in the third quarter. Alyeska Investment Group L.P. now owns 1,111,552 shares of the financial services provider’s stock worth $134,498,000 after acquiring an additional 961,890 shares in the last quarter. Finally, AustralianSuper Pty Ltd grew its stake in shares of Aercap by 118.3% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,390,165 shares of the financial services provider’s stock worth $199,850,000 after acquiring an additional 753,259 shares during the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Morgan Stanley cut their price objective on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. TD Cowen boosted their target price on shares of Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their price target on shares of Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Truist Financial raised their price target on shares of Aercap from $159.00 to $161.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Zacks Research lowered shares of Aercap from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $163.13.

Aercap Trading Down 0.2%

Aercap stock opened at $136.67 on Monday. The stock has a 50-day moving average price of $140.92 and a 200 day moving average price of $141.66. The company has a market capitalization of $22.81 billion, a price-to-earnings ratio of 5.99, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93. Aercap Holdings N.V. has a 52 week low of $105.65 and a 52 week high of $154.94. 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 posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. The company had revenue of $2.30 billion during the quarter. Sell-side analysts anticipate that Aercap Holdings N.V. will post 17.23 EPS for the current year.

Aercap Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, May 13th. Aercap’s dividend payout ratio (DPR) is 7.01%.

Aercap announced that its board has approved a stock repurchase plan on Wednesday, April 29th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

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.