AerCap Holdings (NYSE:AER) is TOMS Capital Investment Management LP’s 4th Largest Position

TOMS Capital Investment Management LP increased its stake in AerCap Holdings (NYSE:AER) by 118.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,398,000 shares of the financial services provider’s stock after acquiring an additional 759,000 shares during the period. AerCap comprises 4.9% of TOMS Capital Investment Management LP’s holdings, making the stock its 4th largest position. TOMS Capital Investment Management LP’s holdings in AerCap were worth $133,789,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Ion Asset Management Ltd. raised its stake in AerCap by 6.8% in the fourth quarter. Ion Asset Management Ltd. now owns 1,166,158 shares of the financial services provider’s stock worth $111,601,000 after buying an additional 74,532 shares in the last quarter. Northern Trust Corp raised its stake in AerCap by 90.9% in the fourth quarter. Northern Trust Corp now owns 1,396,937 shares of the financial services provider’s stock worth $133,687,000 after buying an additional 664,990 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in AerCap by 2.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 70,818 shares of the financial services provider’s stock worth $6,777,000 after buying an additional 1,407 shares in the last quarter. Boothbay Fund Management LLC raised its stake in AerCap by 125.5% in the fourth quarter. Boothbay Fund Management LLC now owns 101,452 shares of the financial services provider’s stock worth $9,709,000 after buying an additional 56,467 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in AerCap in the fourth quarter worth about $1,388,000. 96.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Bank of America raised their target price on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, March 7th. UBS Group downgraded shares of AerCap to an “underperform” rating in a research note on Friday, March 7th. Susquehanna raised their target price on shares of AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a research note on Thursday, February 27th. Barclays reaffirmed an “overweight” rating and set a $115.00 target price (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Finally, Morgan Stanley decreased their target price on shares of AerCap from $112.00 to $101.00 and set an “equal weight” rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, AerCap currently has an average rating of “Moderate Buy” and a consensus price target of $117.14.

AerCap Trading Up 0.5 %

Shares of NYSE:AER opened at $103.82 on Tuesday. The company has a market cap of $19.39 billion, a P/E ratio of 8.23, a PEG ratio of 2.22 and a beta of 1.46. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. AerCap Holdings has a 1 year low of $82.21 and a 1 year high of $107.36. The stock’s fifty day moving average price is $99.26 and its 200-day moving average price is $97.43.

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

AerCap Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.27 per share. This is an increase from AerCap’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Wednesday, March 12th. AerCap’s dividend payout ratio is presently 9.99%.

AerCap announced that its board has approved a share repurchase plan on Wednesday, February 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 4.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

AerCap 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.