78,000 Shares in AerCap Holdings (NYSE:AER) Bought by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP bought a new position in shares of AerCap Holdings (NYSE:AER) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 78,000 shares of the financial services provider’s stock, valued at approximately $7,465,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Engle Capital Management L.P. grew its stake in AerCap by 42.4% during the 4th quarter. Engle Capital Management L.P. now owns 185,000 shares of the financial services provider’s stock worth $17,704,000 after buying an additional 55,060 shares during the last quarter. Ethic Inc. grew its stake in AerCap by 35.3% during the 4th quarter. Ethic Inc. now owns 30,448 shares of the financial services provider’s stock valued at $2,914,000 after purchasing an additional 7,949 shares during the last quarter. First Manhattan CO. LLC. grew its stake in AerCap by 3.4% during the 4th quarter. First Manhattan CO. LLC. now owns 74,664 shares of the financial services provider’s stock valued at $7,145,000 after purchasing an additional 2,450 shares during the last quarter. Clark Capital Management Group Inc. grew its stake in AerCap by 1.6% during the 4th quarter. Clark Capital Management Group Inc. now owns 407,373 shares of the financial services provider’s stock valued at $38,986,000 after purchasing an additional 6,230 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in AerCap by 21.5% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 103,727 shares of the financial services provider’s stock valued at $9,927,000 after purchasing an additional 18,369 shares during the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

AerCap Stock Performance

Shares of AER stock opened at $109.48 on Monday. The stock has a market cap of $20.45 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.41. The business has a 50-day simple moving average of $100.21 and a 200-day simple moving average of $98.08. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a 52-week low of $82.21 and a 52-week high of $112.43.

AerCap (NYSE:AER) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.99. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.01 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.29 EPS. On average, equities analysts expect that AerCap Holdings will post 11.29 EPS for the current year.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 14th will be issued a $0.27 dividend. 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 has authorized a share repurchase program on Wednesday, February 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 4.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

About AerCap

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.