Bank of America Corp DE Has $153.34 Million Stock Position in AerCap Holdings (NYSE:AER)

Bank of America Corp DE lessened its position in shares of AerCap Holdings (NYSE:AER) by 5.5% during the 4th quarter, HoldingsChannel reports. The fund owned 1,602,334 shares of the financial services provider’s stock after selling 93,759 shares during the quarter. Bank of America Corp DE’s holdings in AerCap were worth $153,343,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Toth Financial Advisory Corp bought a new position in shares of AerCap in the 4th quarter valued at about $29,000. Pinpoint Asset Management Ltd bought a new position in AerCap in the fourth quarter valued at approximately $35,000. Fortitude Family Office LLC acquired a new stake in AerCap during the 4th quarter worth $38,000. Eagle Bay Advisors LLC raised its position in shares of AerCap by 1,148.5% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 1,160 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of AerCap by 51.7% in the 4th quarter. Blue Trust Inc. now owns 1,388 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 473 shares during the period. Institutional investors own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

AER has been the subject of a number of recent analyst reports. Bank of America upped their price objective on AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, March 7th. UBS Group downgraded shares of AerCap to an “underperform” rating in a research report on Friday, March 7th. Morgan Stanley boosted their price objective on shares of AerCap from $101.00 to $111.00 and gave the company an “equal weight” rating in a report on Thursday, May 1st. Barclays reissued an “overweight” rating and set a $115.00 price target (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. boosted their target price on AerCap from $112.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AerCap presently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

AerCap Stock Up 1.0 %

AerCap stock opened at $109.48 on Friday. The company has a fifty day simple moving average of $100.21 and a 200 day simple moving average of $98.04. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a 1-year low of $82.21 and a 1-year high of $109.59. The company has a market cap of $20.45 billion, a P/E ratio of 8.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.41.

AerCap (NYSE:AER) last released its earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.99. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.01 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. AerCap’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.29 earnings per share. Research analysts anticipate that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 14th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a yield of 0.99%. AerCap’s payout ratio is 9.58%.

AerCap declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 26th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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.