Royce & Associates LP Sells 4,046 Shares of Aercap Holdings N.V. $AER

Royce & Associates LP trimmed its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 42.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,540 shares of the financial services provider’s stock after selling 4,046 shares during the period. Royce & Associates LP’s holdings in Aercap were worth $796,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of AER. Harbor Capital Advisors Inc. bought a new position in Aercap in the 4th quarter valued at $27,000. Advisory Services Network LLC purchased a new position in shares of Aercap in the 3rd quarter worth about $35,000. Geneos Wealth Management Inc. grew its position in Aercap by 26.6% during the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after buying an additional 94 shares during the period. GAMMA Investing LLC increased its holdings in Aercap by 36.5% during the fourth quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock worth $52,000 after buying an additional 96 shares during the last quarter. Finally, JFS Wealth Advisors LLC bought a new stake in Aercap in the third quarter worth about $67,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Aercap Trading Up 0.1%

Shares of AER stock opened at $139.48 on Monday. The stock has a market capitalization of $23.28 billion, a price-to-earnings ratio of 6.11, a PEG ratio of 0.98 and a beta of 0.93. The company’s fifty day simple moving average is $140.87 and its two-hundred day simple moving average is $141.68. 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 current ratio of 0.24 and a quick ratio of 0.24.

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

Aercap Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th will be issued 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 payout ratio is presently 7.01%.

Aercap announced that its board has authorized a share buyback program on Wednesday, April 29th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Truist Financial increased their target price on shares of Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Zacks Research upgraded Aercap from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. TD Cowen raised their target price on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft set a $175.00 price target on Aercap and gave the stock a “buy” rating in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $163.13.

Aercap Company 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.