Twin Tree Management LP Has $526,000 Holdings in AerCap Holdings (NYSE:AER)

Twin Tree Management LP cut its holdings in shares of AerCap Holdings (NYSE:AER) by 93.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,499 shares of the financial services provider’s stock after selling 77,184 shares during the quarter. Twin Tree Management LP’s holdings in AerCap were worth $526,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Toth Financial Advisory Corp acquired a new position in shares of AerCap in the fourth quarter valued at $29,000. Truvestments Capital LLC bought a new stake in AerCap in the third quarter valued at $35,000. Fortitude Family Office LLC bought a new stake in AerCap in the fourth quarter valued at $38,000. Transamerica Financial Advisors Inc. bought a new stake in shares of AerCap during the third quarter worth $64,000. Finally, Quantbot Technologies LP acquired a new stake in shares of AerCap in the third quarter valued at $66,000. 96.42% of the stock is currently owned by institutional investors and hedge funds.

AerCap Price Performance

Shares of AER stock opened at $103.00 on Wednesday. The stock has a 50-day moving average price of $98.40 and a 200 day moving average price of $96.53. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a market cap of $19.24 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 2.22 and a beta of 1.83. AerCap Holdings has a 12 month low of $81.93 and a 12 month high of $107.36.

AerCap (NYSE:AER) last announced its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.75. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.97 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. Research analysts expect that AerCap Holdings will post 11.29 EPS for the current year.

AerCap declared that its Board of Directors has initiated a share buyback program on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 4.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

AerCap Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.05%. This is a boost from AerCap’s previous quarterly dividend of $0.25. AerCap’s dividend payout ratio (DPR) is 9.99%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Barclays restated an “overweight” rating and issued a $115.00 target price (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Susquehanna raised their target price on AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a research note on Thursday, February 27th. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 target price on shares of AerCap in a research note on Thursday, November 21st. UBS Group lowered AerCap to an “underperform” rating in a research note on Friday, March 7th. Finally, Bank of America raised their target price on AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, AerCap presently has an average rating of “Moderate Buy” and a consensus price target of $117.43.

AerCap Company Profile

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.