Kepler Cheuvreux Suisse SA Sells 38,905 Shares of Aercap Holdings N.V. $AER

Kepler Cheuvreux Suisse SA reduced its stake in Aercap Holdings N.V. (NYSE:AER) by 41.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,390 shares of the financial services provider’s stock after selling 38,905 shares during the period. Kepler Cheuvreux Suisse SA’s holdings in Aercap were worth $7,461,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its position in Aercap by 19.0% in the first quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock valued at $271,000 after buying an additional 423 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Aercap by 282.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,659 shares of the financial services provider’s stock worth $680,000 after buying an additional 4,919 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Aercap by 26.6% in 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. Invesco Ltd. lifted its stake in shares of Aercap by 43.3% in the 2nd quarter. Invesco Ltd. now owns 459,459 shares of the financial services provider’s stock valued at $53,757,000 after acquiring an additional 138,843 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Aercap by 59.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,143 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 425 shares in the last quarter. 96.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AER shares. Truist Financial boosted their price objective on Aercap from $159.00 to $161.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings cut Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, May 26th. Barclays boosted their price target on Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Susquehanna raised their price objective on shares of Aercap from $165.00 to $170.00 and gave the company a “positive” rating in a report on Thursday, April 30th. Finally, Zacks Research lowered shares of Aercap from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.12.

Aercap Trading Up 0.1%

NYSE AER opened at $147.93 on Friday. The firm has a market capitalization of $24.69 billion, a PE ratio of 6.48, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The business’s 50-day moving average price is $141.81 and its two-hundred day moving average price is $142.77. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34. Aercap Holdings N.V. has a 12 month low of $105.65 and a 12 month high of $154.94.

Aercap (NYSE:AER) last issued its quarterly earnings data 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 company had revenue of $2.30 billion during the quarter. On average, analysts expect that Aercap Holdings N.V. will post 17.23 EPS for the current year.

Aercap announced that its board has authorized a stock buyback 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 repurchase up to 4.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Aercap Dividend Announcement

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

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.