AerCap Holdings (NYSE:AER) Shares Acquired by Diametric Capital LP

Diametric Capital LP boosted its holdings in AerCap Holdings (NYSE:AER) by 58.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,231 shares of the financial services provider’s stock after acquiring an additional 3,052 shares during the period. Diametric Capital LP’s holdings in AerCap were worth $788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in AER. B. Riley Wealth Advisors Inc. lifted its position in shares of AerCap by 59.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider’s stock worth $1,686,000 after buying an additional 6,654 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in AerCap by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 446,303 shares of the financial services provider’s stock worth $42,711,000 after acquiring an additional 4,222 shares during the last quarter. Franklin Resources Inc. lifted its holdings in AerCap by 5.3% in the third quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider’s stock worth $545,726,000 after acquiring an additional 282,980 shares during the last quarter. Barclays PLC boosted its stake in AerCap by 95.5% in the third quarter. Barclays PLC now owns 91,707 shares of the financial services provider’s stock valued at $8,687,000 after acquiring an additional 44,797 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of AerCap during the third quarter valued at approximately $3,478,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analyst Ratings Changes

AER has been the topic of several recent research reports. UBS Group downgraded AerCap to an “underperform” rating in a report on Friday, March 7th. Susquehanna raised their target price on AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a research note on Thursday, February 27th. Barclays reissued an “overweight” rating and set a $115.00 price target (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. Finally, Bank of America increased their price objective on shares of AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. According to MarketBeat, AerCap has a consensus rating of “Moderate Buy” and a consensus target price of $117.43.

AerCap Trading Down 0.0 %

Shares of AER stock opened at $102.14 on Tuesday. AerCap Holdings has a 1 year low of $81.93 and a 1 year high of $107.36. The firm has a market capitalization of $19.08 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 2.22 and a beta of 1.83. The stock has a fifty day moving average of $99.73 and a two-hundred day moving average of $97.21. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67.

AerCap (NYSE:AER) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.75. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.97 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. As a group, research analysts expect that AerCap Holdings will post 11.29 EPS for the current year.

AerCap Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Wednesday, March 12th. This is a positive change from AerCap’s previous quarterly dividend of $0.25. AerCap’s dividend payout ratio (DPR) is currently 9.99%.

AerCap announced that its board has authorized a share repurchase program on Wednesday, February 26th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 4.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

AerCap Company Profile

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.