Aristotle Capital Boston LLC Sells 30,072 Shares of Aercap Holdings N.V. $AER

Aristotle Capital Boston LLC trimmed its position in Aercap Holdings N.V. (NYSE:AER) by 9.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 297,955 shares of the financial services provider’s stock after selling 30,072 shares during the period. Aercap makes up approximately 2.4% of Aristotle Capital Boston LLC’s holdings, making the stock its 3rd biggest holding. Aristotle Capital Boston LLC’s holdings in Aercap were worth $42,834,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. State Street Corp raised its position in shares of Aercap by 3.7% in the 4th quarter. State Street Corp now owns 5,112,626 shares of the financial services provider’s stock valued at $735,003,000 after acquiring an additional 184,425 shares during the period. Mizuho Markets Cayman LP raised its position in shares of Aercap by 45,615.5% in the 3rd quarter. Mizuho Markets Cayman LP now owns 3,510,491 shares of the financial services provider’s stock valued at $424,769,000 after acquiring an additional 3,502,812 shares during the period. Mawer Investment Management Ltd. raised its position in shares of Aercap by 56.3% in the 4th quarter. Mawer Investment Management Ltd. now owns 3,272,935 shares of the financial services provider’s stock valued at $470,517,000 after acquiring an additional 1,179,241 shares during the period. Ninety One UK Ltd raised its position in shares of Aercap by 1.1% in the 4th quarter. Ninety One UK Ltd now owns 2,804,003 shares of the financial services provider’s stock valued at $403,103,000 after acquiring an additional 31,794 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Aercap by 2.7% in the 4th quarter. JPMorgan Chase & Co. now owns 2,738,772 shares of the financial services provider’s stock valued at $393,726,000 after acquiring an additional 71,923 shares during the period. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Aercap Price Performance

NYSE AER opened at $144.06 on Thursday. The business has a 50 day simple moving average of $141.31 and a 200 day simple moving average of $142.07. Aercap Holdings N.V. has a 52-week low of $105.65 and a 52-week 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. The stock has a market cap of $24.04 billion, a price-to-earnings ratio of 6.31, a PEG ratio of 1.00 and a beta of 0.93.

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. Aercap had a return on equity of 16.01% and a net margin of 45.22%.The business had revenue of $2.30 billion during the quarter. Analysts anticipate that Aercap Holdings N.V. will post 17.23 earnings per share for the current fiscal year.

Aercap declared that its board has authorized a share repurchase program on Wednesday, April 29th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Aercap Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. TD Cowen increased their price target on shares of Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Truist Financial increased their target price on Aercap from $159.00 to $161.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Morgan Stanley lowered their target price on Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. JPMorgan Chase & Co. increased their target price on Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Barclays increased their target price on Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Aercap presently has an average rating of “Moderate Buy” and a consensus price target of $163.13.

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.