Vanderbilt University Purchases New Stake in Aercap Holdings N.V. $AER

Vanderbilt University purchased a new stake in Aercap Holdings N.V. (NYSE:AER) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 46,775 shares of the financial services provider’s stock, valued at approximately $6,417,000. Aercap comprises about 1.2% of Vanderbilt University’s investment portfolio, making the stock its 13th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. purchased a new stake in Aercap in the 4th quarter valued at $27,000. Greenline Wealth Management LLC acquired a new stake in shares of Aercap in the 4th quarter worth $30,000. Advisory Services Network LLC purchased a new position in shares of Aercap during the 3rd quarter worth $35,000. Geneos Wealth Management Inc. raised its holdings in shares of Aercap by 26.6% during 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 period. Finally, GAMMA Investing LLC boosted its position in shares of Aercap by 36.5% during the 4th quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock valued at $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 Stock Up 1.0%

Shares of AER opened at $147.91 on Thursday. The firm has a market cap of $24.68 billion, a P/E ratio of 6.48, a price-to-earnings-growth ratio of 1.02 and a beta of 0.93. Aercap Holdings N.V. has a 12-month low of $105.65 and a 12-month high of $154.94. The company’s 50-day moving average price is $141.44 and its 200 day moving average price is $142.43. 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 posted its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. The company 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, sell-side analysts forecast that Aercap Holdings N.V. will post 17.23 earnings per share for the current year.

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

Aercap Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Zacks Research lowered shares of Aercap from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Weiss Ratings downgraded shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. Truist Financial boosted their target price on shares of Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. increased their price target on shares of Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Susquehanna raised their price target on shares of Aercap from $165.00 to $170.00 and gave the stock a “positive” rating in a report 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 stock. Based on data from MarketBeat.com, Aercap currently has an average rating of “Moderate Buy” and an average price target of $163.12.

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.