Dorsey Asset Management LLC Decreases Holdings in Aercap Holdings N.V. $AER

Dorsey Asset Management LLC lowered its holdings in Aercap Holdings N.V. (NYSE:AER) by 7.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,123,489 shares of the financial services provider’s stock after selling 91,570 shares during the quarter. Aercap accounts for approximately 12.3% of Dorsey Asset Management LLC’s investment portfolio, making the stock its 2nd largest holding. Dorsey Asset Management LLC’s holdings in Aercap were worth $154,120,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Harbor Capital Advisors Inc. purchased a new position in shares of Aercap during the fourth quarter worth about $27,000. Greenline Wealth Management LLC bought a new position in shares of Aercap in the fourth quarter worth approximately $30,000. Advisory Services Network LLC purchased a new stake in Aercap in the third quarter valued at approximately $35,000. Cedar Mountain Advisors LLC purchased a new stake in Aercap in the first quarter valued at approximately $44,000. Finally, Geneos Wealth Management Inc. lifted its position in Aercap by 26.6% during the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.

Aercap Stock Up 1.9%

Shares of AER opened at $151.33 on Friday. The firm has a market cap of $25.25 billion, a P/E ratio of 6.63, a P/E/G ratio of 1.05 and a beta of 0.94. The stock has a 50 day simple moving average of $143.77 and a two-hundred day simple moving average of $143.36. 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 Holdings N.V. has a 1 year low of $105.65 and a 1 year high of $155.99.

Aercap (NYSE:AER) last posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. The firm had revenue of $2.30 billion for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. On average, analysts forecast that Aercap Holdings N.V. will post 17.39 earnings per share for the current fiscal year.

Aercap Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was 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%.

Aercap announced that its board has authorized a stock repurchase program on Wednesday, April 29th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

AER has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on shares of Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, July 8th. Barclays lifted their price objective on shares of Aercap from $164.00 to $179.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Zacks Research upgraded shares of Aercap from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Finally, Truist Financial increased their target price on Aercap from $161.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Aercap has a consensus rating of “Buy” and a consensus target price of $168.67.

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.