University of Texas Texas AM Investment Management Co. Takes $3.35 Million Position in Aercap Holdings N.V. $AER

University of Texas Texas AM Investment Management Co. bought a new stake in Aercap Holdings N.V. (NYSE:AER) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,277 shares of the financial services provider’s stock, valued at approximately $3,346,000.

A number of other hedge funds also recently modified their holdings of AER. Harbor Capital Advisors Inc. acquired a new position in shares of Aercap in the fourth quarter worth $27,000. Greenline Wealth Management LLC acquired a new position in shares of Aercap in the fourth quarter worth $30,000. Advisory Services Network LLC acquired a new position in shares of Aercap in the third quarter worth $35,000. Geneos Wealth Management Inc. increased its stake in shares of Aercap by 26.6% in the first 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 increased its stake in shares of Aercap by 36.5% in the fourth 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. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Aercap Trading Up 1.2%

Aercap stock opened at $141.61 on Tuesday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market capitalization of $23.63 billion, a price-to-earnings ratio of 6.21, a PEG ratio of 0.98 and a beta of 0.93. Aercap Holdings N.V. has a one year low of $105.65 and a one year high of $154.94. The company’s fifty day moving average price is $141.18 and its two-hundred day moving average price is $141.92.

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

Aercap Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, May 13th. Aercap’s dividend payout ratio is presently 7.01%.

Aercap declared that its board has approved a stock buyback program on Wednesday, April 29th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AER shares. Zacks Research downgraded shares of Aercap from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. JPMorgan Chase & Co. upped their price target 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 upped their price target on shares of Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. TD Cowen upped their price target 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. Finally, Truist Financial upped their price target on shares of Aercap from $159.00 to $161.00 and gave the stock 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 assigned a Hold rating to the company. According to data from MarketBeat, Aercap presently has an average rating of “Moderate Buy” and a consensus price target of $163.13.

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.