Check Capital Management Inc. CA Cuts Holdings in Aercap Holdings N.V. $AER

Check Capital Management Inc. CA reduced its position in Aercap Holdings N.V. (NYSE:AER) by 0.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 827,362 shares of the financial services provider’s stock after selling 4,375 shares during the quarter. Aercap accounts for approximately 3.5% of Check Capital Management Inc. CA’s holdings, making the stock its 5th biggest position. Check Capital Management Inc. CA’s holdings in Aercap were worth $118,942,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Global Retirement Partners LLC lifted its stake in Aercap by 75.4% during the 4th quarter. Global Retirement Partners LLC now owns 12,899 shares of the financial services provider’s stock valued at $1,854,000 after acquiring an additional 5,544 shares in the last quarter. Hi Line Capital Management LLC lifted its stake in Aercap by 6.1% during the 4th quarter. Hi Line Capital Management LLC now owns 44,205 shares of the financial services provider’s stock valued at $6,355,000 after acquiring an additional 2,529 shares in the last quarter. Leonteq Securities AG bought a new position in Aercap during the 4th quarter valued at $68,000. Princeton Capital Management LLC bought a new position in Aercap during the 4th quarter valued at $230,000. Finally, Intrust Bank NA lifted its stake in Aercap by 26.7% during the 4th quarter. Intrust Bank NA now owns 3,086 shares of the financial services provider’s stock valued at $444,000 after acquiring an additional 650 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AER has been the topic of several recent analyst reports. Morgan Stanley dropped their price objective on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $175.00 price objective on Aercap and gave the company a “buy” rating in a research note on Tuesday, February 10th. JPMorgan Chase & Co. raised their price objective on Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Barclays raised their price objective on Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Zacks Research upgraded Aercap from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $163.13.

Aercap Trading Up 2.6%

Shares of Aercap stock opened at $139.53 on Thursday. Aercap Holdings N.V. has a 1 year low of $105.65 and a 1 year high of $154.94. The firm has a market cap of $23.28 billion, a PE ratio of 6.11, a P/E/G ratio of 0.95 and a beta of 0.95. The stock has a fifty day moving average price of $140.45 and a 200-day moving average price of $141.32. 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 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 firm had revenue of $2.30 billion during the quarter. Equities research analysts anticipate that Aercap Holdings N.V. will post 17.23 EPS for the current year.

Aercap announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, April 29th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Aercap Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Wednesday, May 13th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Aercap’s dividend payout ratio (DPR) is currently 7.01%.

About Aercap

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.