Rockefeller Capital Management L.P. Reduces Holdings in Aercap Holdings N.V. $AER

Rockefeller Capital Management L.P. trimmed its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 848,524 shares of the financial services provider’s stock after selling 143,931 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Aercap were worth $121,984,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AER. Integrated Wealth Concepts LLC grew its position in shares of Aercap by 19.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock valued at $271,000 after acquiring an additional 423 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Aercap by 282.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,659 shares of the financial services provider’s stock worth $680,000 after purchasing an additional 4,919 shares during the period. Geneos Wealth Management Inc. raised its holdings in Aercap by 26.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 94 shares during the period. Invesco Ltd. lifted its position in Aercap by 43.3% during the second quarter. Invesco Ltd. now owns 459,459 shares of the financial services provider’s stock valued at $53,757,000 after purchasing an additional 138,843 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Aercap by 59.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,143 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 425 shares during the period. 96.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on AER. JPMorgan Chase & Co. upped their price target on Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Barclays lifted their price target on shares of Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. TD Cowen increased their price objective on shares of Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Zacks Research downgraded shares of Aercap from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Truist Financial lifted their target price on shares of Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Aercap has a consensus rating of “Moderate Buy” and a consensus target price of $163.12.

Aercap Stock Performance

NYSE:AER opened at $145.03 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34. Aercap Holdings N.V. has a 12-month low of $105.65 and a 12-month high of $154.94. The stock has a 50-day moving average price of $141.41 and a 200 day moving average price of $142.17. The stock has a market capitalization of $24.20 billion, a P/E ratio of 6.36, a P/E/G ratio of 1.01 and a beta of 0.93.

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

Aercap Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 13th were given a dividend of $0.40 per share. The ex-dividend date 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 presently 7.01%.

Aercap declared that its board has authorized a stock buyback 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 shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Aercap Company 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.