Aercap Holdings N.V. $AER Shares Sold by National Pension Service

National Pension Service reduced its holdings in Aercap Holdings N.V. (NYSE:AER) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 609,915 shares of the financial services provider’s stock after selling 15,843 shares during the quarter. National Pension Service’s holdings in Aercap were worth $87,681,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new position in Aercap in the fourth quarter valued at $27,000. Advisory Services Network LLC acquired a new position in shares of Aercap during the 3rd quarter valued at about $35,000. GAMMA Investing LLC increased its stake in shares of Aercap by 36.5% during the 4th quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 96 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Aercap by 26.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 94 shares during the last quarter. Finally, Leonteq Securities AG acquired a new position in shares of Aercap during the 4th quarter valued at about $68,000. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on AER shares. Truist Financial upped their price objective on shares of Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. TD Cowen upped their price objective on shares of Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. upped their price objective on shares of Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Morgan Stanley dropped their price objective on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Finally, Zacks Research raised shares of Aercap from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Aercap presently has an average rating of “Buy” and a consensus price target of $163.13.

Aercap Stock Up 0.4%

AER opened at $139.48 on Friday. The firm has a 50 day moving average price of $140.87 and a 200 day moving average price of $141.64. The company has a market cap of $23.28 billion, a PE ratio of 6.11, a price-to-earnings-growth ratio of 0.97 and a beta of 0.95. Aercap Holdings N.V. has a 1 year low of $105.65 and a 1 year high of $154.94. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.24.

Aercap (NYSE:AER) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) for the quarter. The firm had revenue of $2.30 billion during the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. Sell-side analysts expect that Aercap Holdings N.V. will post 17.23 earnings per share for the current year.

Aercap Announces Dividend

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

Aercap announced that its board has initiated a share buyback program on Wednesday, April 29th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Aercap Profile

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.