London Co. of Virginia Sells 217,316 Shares of Aercap Holdings N.V. $AER

London Co. of Virginia cut its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 7.9% in the 1st quarter, Holdings Channel reports. The firm owned 2,544,068 shares of the financial services provider’s stock after selling 217,316 shares during the period. Aercap makes up approximately 2.2% of London Co. of Virginia’s portfolio, making the stock its 10th largest holding. London Co. of Virginia’s holdings in Aercap were worth $348,997,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AER. State Street Corp lifted its position in shares of Aercap by 3.7% during the 4th quarter. State Street Corp now owns 5,112,626 shares of the financial services provider’s stock valued at $735,003,000 after acquiring an additional 184,425 shares during the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of Aercap by 56.3% during the fourth quarter. Mawer Investment Management Ltd. now owns 3,272,935 shares of the financial services provider’s stock valued at $470,517,000 after purchasing an additional 1,179,241 shares during the last quarter. Ninety One UK Ltd lifted its holdings in shares of Aercap by 1.1% during the fourth quarter. Ninety One UK Ltd now owns 2,804,003 shares of the financial services provider’s stock valued at $403,103,000 after purchasing an additional 31,794 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Aercap by 2.7% in the 4th quarter. JPMorgan Chase & Co. now owns 2,738,772 shares of the financial services provider’s stock valued at $393,726,000 after purchasing an additional 71,923 shares during the period. Finally, WGI DM LLC increased its stake in Aercap by 1.2% in the 4th quarter. WGI DM LLC now owns 2,586,515 shares of the financial services provider’s stock worth $371,837,000 after purchasing an additional 30,703 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analysts Set New Price Targets

AER has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. raised their price objective 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. Barclays boosted their target price on shares of Aercap from $164.00 to $179.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. TD Cowen raised their target price on Aercap from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Finally, Morgan Stanley lowered their price target on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $168.67.

Aercap Stock Up 1.9%

AER stock opened at $151.33 on Friday. The company has a 50 day moving average of $143.77 and a two-hundred day moving average of $143.36. The company has a market cap of $25.25 billion, a price-to-earnings ratio of 6.63, a PEG ratio of 1.05 and a beta of 0.94. Aercap Holdings N.V. has a 12-month low of $105.65 and a 12-month high of $155.99. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34.

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

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

Aercap Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 13th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Aercap’s dividend payout ratio (DPR) is 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.