Russell Investments Group Ltd. Has $146.11 Million Stake in Aercap Holdings N.V. $AER

Russell Investments Group Ltd. reduced its holdings in Aercap Holdings N.V. (NYSE:AER) by 10.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,016,265 shares of the financial services provider’s stock after selling 114,731 shares during the quarter. Russell Investments Group Ltd. owned 0.61% of Aercap worth $146,111,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of AER. Harbor Capital Advisors Inc. bought a new position in shares of Aercap during the 4th quarter valued at about $27,000. Greenline Wealth Management LLC bought a new stake in Aercap during the 4th quarter worth approximately $30,000. Advisory Services Network LLC acquired a new stake in Aercap during the 3rd quarter worth approximately $35,000. Geneos Wealth Management Inc. lifted its stake in Aercap by 26.6% in the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after buying an additional 94 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Aercap by 36.5% in the fourth quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock valued at $52,000 after buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Aercap Price Performance

NYSE AER opened at $142.87 on Wednesday. The firm’s 50 day moving average is $141.26 and its 200-day moving average is $141.99. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34. The company has a market capitalization of $23.84 billion, a PE ratio of 6.26, a price-to-earnings-growth ratio of 0.99 and a beta of 0.93. Aercap Holdings N.V. has a 12-month low of $105.65 and a 12-month 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. 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%. Equities research analysts anticipate that Aercap Holdings N.V. will post 17.23 earnings per share for the current fiscal year.

Aercap announced that its board has initiated a stock repurchase 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 buy up to 4.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Aercap Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently issued reports on AER. TD Cowen increased their price objective 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. Barclays boosted their price objective on shares of Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Truist Financial upped their target price on shares of Aercap from $159.00 to $161.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Zacks Research downgraded Aercap from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Morgan Stanley cut their price target on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Eight research 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, Aercap presently has a consensus rating of “Moderate Buy” and an average target price of $163.13.

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.