ExodusPoint Capital Management LP Purchases 41,861 Shares of AerCap Holdings (NYSE:AER)

ExodusPoint Capital Management LP grew its position in shares of AerCap Holdings (NYSE:AER) by 1,261.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,180 shares of the financial services provider’s stock after buying an additional 41,861 shares during the quarter. ExodusPoint Capital Management LP’s holdings in AerCap were worth $4,324,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Toth Financial Advisory Corp purchased a new stake in shares of AerCap during the fourth quarter valued at approximately $29,000. Fortitude Family Office LLC bought a new stake in shares of AerCap during the 4th quarter worth $38,000. Quantbot Technologies LP purchased a new position in shares of AerCap in the 3rd quarter worth about $66,000. TD Private Client Wealth LLC purchased a new position in shares of AerCap in the 3rd quarter worth about $78,000. Finally, Eagle Bay Advisors LLC grew its position in AerCap by 1,148.5% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider’s stock valued at $121,000 after buying an additional 1,160 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Wall Street Analysts Forecast Growth

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

AerCap Stock Down 9.3 %

Shares of NYSE AER opened at $89.51 on Monday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The company has a market cap of $16.72 billion, a P/E ratio of 7.09, a P/E/G ratio of 2.22 and a beta of 1.45. AerCap Holdings has a 52 week low of $81.93 and a 52 week high of $107.36. The business has a 50-day simple moving average of $100.01 and a two-hundred day simple moving average of $97.34.

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

AerCap declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 26th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 4.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

AerCap Increases Dividend

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

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.