Geode Capital Management LLC Acquires 53,957 Shares of Aercap Holdings N.V. $AER

Geode Capital Management LLC boosted its holdings in Aercap Holdings N.V. (NYSE:AER) by 3.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,617,706 shares of the financial services provider’s stock after buying an additional 53,957 shares during the quarter. Geode Capital Management LLC’s holdings in Aercap were worth $230,393,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Legal & General Group Plc increased its stake in Aercap by 1.0% in the 4th quarter. Legal & General Group Plc now owns 1,156,810 shares of the financial services provider’s stock worth $166,303,000 after acquiring an additional 11,116 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Aercap by 15.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,431 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 189 shares during the last quarter. LSV Asset Management increased its stake in Aercap by 1.0% in the 4th quarter. LSV Asset Management now owns 358,378 shares of the financial services provider’s stock worth $51,520,000 after acquiring an additional 3,578 shares during the last quarter. Pinnbrook Capital Management LP bought a new position in Aercap in the 4th quarter worth about $3,829,000. Finally, Plan A Wealth LLC bought a new position in Aercap in the 4th quarter worth about $248,000. 96.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AER shares. Deutsche Bank Aktiengesellschaft set a $175.00 target price on Aercap and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Barclays upped their target price on Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Zacks Research upgraded Aercap from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Truist Financial increased their price objective on Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Morgan Stanley reduced their price objective on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $163.13.

Aercap Price Performance

Shares of Aercap stock opened at $133.76 on Wednesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $22.32 billion, a PE ratio of 5.86, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93. The business’s 50-day moving average price is $140.93 and its 200-day moving average price is $141.68. Aercap Holdings N.V. has a 12 month low of $105.65 and a 12 month high of $154.94.

Aercap (NYSE:AER) last issued its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. The company had revenue of $2.30 billion during the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%. Sell-side analysts forecast that Aercap Holdings N.V. will post 17.23 EPS for the current fiscal year.

Aercap Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Wednesday, May 13th will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, May 13th. This represents a $1.60 annualized dividend and a yield of 1.2%. Aercap’s dividend payout ratio is currently 7.01%.

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

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.