Thompson Siegel & Walmsley LLC Sells 238,041 Shares of Aercap Holdings N.V. $AER

Thompson Siegel & Walmsley LLC reduced its position in Aercap Holdings N.V. (NYSE:AER) by 18.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,057,084 shares of the financial services provider’s stock after selling 238,041 shares during the period. Aercap makes up approximately 2.5% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its largest holding. Thompson Siegel & Walmsley LLC’s holdings in Aercap were worth $151,966,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arbejdsmarkedets Tillaegspension acquired a new position in shares of Aercap in the 4th quarter valued at about $23,935,000. Citigroup Inc. lifted its position in Aercap by 12.7% during the 3rd quarter. Citigroup Inc. now owns 176,919 shares of the financial services provider’s stock worth $21,407,000 after acquiring an additional 19,975 shares in the last quarter. Alberta Investment Management Corp lifted its position in Aercap by 142.4% during the 3rd quarter. Alberta Investment Management Corp now owns 38,300 shares of the financial services provider’s stock worth $4,634,000 after acquiring an additional 22,500 shares in the last quarter. Todd Asset Management LLC lifted its position in Aercap by 1.5% during the 3rd quarter. Todd Asset Management LLC now owns 533,961 shares of the financial services provider’s stock worth $64,610,000 after acquiring an additional 7,813 shares in the last quarter. Finally, M3F Inc. lifted its position in Aercap by 17.5% during the 3rd quarter. M3F Inc. now owns 208,500 shares of the financial services provider’s stock worth $25,229,000 after acquiring an additional 31,000 shares in the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on AER. Morgan Stanley reduced their price target 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. TD Cowen boosted their price target on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $175.00 price target on Aercap and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Susquehanna boosted their price target on Aercap from $165.00 to $170.00 and gave the stock a “positive” rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. boosted 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. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Aercap has a consensus rating of “Buy” and an average target price of $163.13.

Aercap Price Performance

AER stock opened at $139.48 on Monday. 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 Holdings N.V. has a 52-week low of $105.65 and a 52-week high of $154.94. The stock’s 50 day moving average is $140.87 and its two-hundred day moving average is $141.68. The company has a market capitalization of $23.28 billion, a PE ratio of 6.11, a P/E/G ratio of 0.98 and a beta of 0.93.

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

Aercap Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Wednesday, May 13th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $1.60 annualized dividend and a yield of 1.1%. Aercap’s dividend payout ratio is currently 7.01%.

Aercap announced that its board has initiated a stock repurchase plan on Wednesday, April 29th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are usually 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.