Swedbank AB Lowers Holdings in Aercap Holdings N.V. $AER

Swedbank AB lowered its holdings in Aercap Holdings N.V. (NYSE:AER) by 4.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,880 shares of the financial services provider’s stock after selling 6,095 shares during the quarter. Swedbank AB owned 0.07% of Aercap worth $16,308,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new position in Aercap in the fourth quarter valued at about $27,000. Greenline Wealth Management LLC acquired a new stake in shares of Aercap during the fourth quarter valued at about $30,000. Advisory Services Network LLC purchased a new stake in shares of Aercap in the 3rd quarter valued at approximately $35,000. Geneos Wealth Management Inc. lifted its holdings in shares of 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 acquiring an additional 94 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Aercap by 36.5% in the 4th quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 96 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Aercap Stock Up 1.3%

Shares of NYSE AER opened at $150.81 on Friday. The stock has a market cap of $25.17 billion, a P/E ratio of 6.61, a PEG ratio of 1.04 and a beta of 0.94. The business’s fifty day simple moving average is $142.83 and its 200-day simple moving average is $143.02. Aercap Holdings N.V. has a 12-month low of $105.65 and a 12-month high of $155.99. 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 (NYSE:AER) last released its 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 firm had revenue of $2.30 billion during the quarter. As a group, equities analysts predict that Aercap Holdings N.V. will post 17.34 EPS for the current fiscal year.

Aercap declared that its Board of Directors has initiated a share repurchase program on Wednesday, April 29th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

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 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 payout ratio is currently 7.01%.

Analyst Ratings Changes

Several analysts recently weighed in on AER shares. Morgan Stanley dropped their target price on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. JPMorgan Chase & Co. lifted their price objective on Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Barclays boosted their price objective on Aercap from $164.00 to $179.00 and gave the company an “overweight” rating in a report on Tuesday. Truist Financial increased their target price on Aercap from $161.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Weiss Ratings upgraded Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Aercap has an average rating of “Moderate Buy” and a consensus target price of $167.50.

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.