AerCap Holdings (NYSE:AER) Shares Sold by Renaissance Group LLC

Renaissance Group LLC lessened its stake in shares of AerCap Holdings (NYSE:AER) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,601 shares of the financial services provider’s stock after selling 1,647 shares during the quarter. Renaissance Group LLC’s holdings in AerCap were worth $6,661,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in AER. Norges Bank acquired a new position in AerCap in the 4th quarter valued at about $218,517,000. KBC Group NV boosted its holdings in shares of AerCap by 137.8% during the fourth quarter. KBC Group NV now owns 834,452 shares of the financial services provider’s stock worth $79,857,000 after purchasing an additional 483,564 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of AerCap by 43.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,599,032 shares of the financial services provider’s stock valued at $153,027,000 after purchasing an additional 483,428 shares during the period. State Street Corp increased its stake in AerCap by 8.3% in the third quarter. State Street Corp now owns 4,862,517 shares of the financial services provider’s stock valued at $460,579,000 after purchasing an additional 370,906 shares during the last quarter. Finally, River Road Asset Management LLC boosted its stake in AerCap by 896.4% in the 4th quarter. River Road Asset Management LLC now owns 391,506 shares of the financial services provider’s stock worth $37,467,000 after buying an additional 352,215 shares during the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AER shares. UBS Group lowered shares of AerCap to an “underperform” rating in a report on Friday, March 7th. Susquehanna boosted their price objective on shares of AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a research note on Thursday, February 27th. Barclays reaffirmed an “overweight” rating and issued a $115.00 target price (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Finally, Bank of America upped their price target on AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $117.43.

AerCap Trading Up 0.1 %

NYSE AER opened at $89.52 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The company’s fifty day simple moving average is $99.89 and its 200-day simple moving average is $97.27. The stock has a market cap of $16.72 billion, a P/E ratio of 7.09, a PEG ratio of 2.22 and a beta of 1.46. AerCap Holdings has a 52 week low of $81.93 and a 52 week high of $107.36.

AerCap (NYSE:AER) last issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.75. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.97 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. Equities research analysts predict that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 26th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

AerCap Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th were given a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.21%. This is an increase from AerCap’s previous quarterly dividend of $0.25. AerCap’s payout ratio is presently 9.99%.

About AerCap

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.