Empyrean Capital Partners LP Has $158.14 Million Stock Position in Aercap Holdings N.V. $AER

Empyrean Capital Partners LP lessened its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 26.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,100,000 shares of the financial services provider’s stock after selling 400,000 shares during the period. Aercap accounts for 5.5% of Empyrean Capital Partners LP’s holdings, making the stock its largest position. Empyrean Capital Partners LP’s holdings in Aercap were worth $158,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in shares of Aercap during the 4th quarter worth approximately $27,000. Greenline Wealth Management LLC bought a new position in Aercap in the 4th quarter valued at $30,000. Advisory Services Network LLC bought a new position in Aercap in the 3rd quarter valued at $35,000. Geneos Wealth Management Inc. raised its position in Aercap by 26.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 94 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Aercap by 36.5% in the 4th quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 96 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Morgan Stanley cut their price objective 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. JPMorgan Chase & Co. lifted their price objective on Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Zacks Research downgraded Aercap from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. TD Cowen lifted their price objective on Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings downgraded Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, May 26th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $163.13.

Aercap Trading Up 0.8%

AER stock opened at $144.06 on Thursday. The company has a market cap of $24.04 billion, a P/E ratio of 6.31, a PEG ratio of 1.00 and a beta of 0.93. Aercap Holdings N.V. has a twelve month low of $105.65 and a twelve month 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. The business has a fifty day moving average of $141.31 and a 200-day moving average of $142.07.

Aercap (NYSE:AER) last released its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share 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%. As a group, equities research analysts expect that Aercap Holdings N.V. will post 17.23 EPS for the current year.

Aercap Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 13th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, May 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Aercap’s payout ratio is presently 7.01%.

Aercap announced that its board has authorized a share repurchase program on Wednesday, April 29th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership 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.