AerCap Holdings (NYSE:AER) Holdings Boosted by Andra AP fonden

Andra AP fonden grew its holdings in AerCap Holdings (NYSE:AER) by 64.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,100 shares of the financial services provider’s stock after purchasing an additional 31,500 shares during the period. Andra AP fonden’s holdings in AerCap were worth $7,666,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AER. Franklin Resources Inc. raised its position in AerCap by 5.3% during the third quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider’s stock valued at $545,726,000 after buying an additional 282,980 shares during the period. State Street Corp increased its holdings in shares of AerCap by 8.3% in the 3rd quarter. State Street Corp now owns 4,862,517 shares of the financial services provider’s stock valued at $460,579,000 after purchasing an additional 370,906 shares during the period. Ninety One UK Ltd increased its holdings in shares of AerCap by 7.0% in the 4th quarter. Ninety One UK Ltd now owns 2,550,350 shares of the financial services provider’s stock valued at $244,068,000 after purchasing an additional 167,830 shares during the period. FMR LLC lifted its position in shares of AerCap by 1.3% in the third quarter. FMR LLC now owns 1,737,476 shares of the financial services provider’s stock worth $164,574,000 after purchasing an additional 22,346 shares in the last quarter. Finally, Soros Fund Management LLC boosted its holdings in shares of AerCap by 2.1% during the third quarter. Soros Fund Management LLC now owns 1,589,896 shares of the financial services provider’s stock worth $150,595,000 after purchasing an additional 32,911 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Price Performance

NYSE AER opened at $99.63 on Friday. The firm has a market cap of $18.61 billion, a P/E ratio of 7.89, a price-to-earnings-growth ratio of 2.22 and a beta of 1.83. The stock’s 50-day moving average is $97.88 and its two-hundred day moving average is $96.31. AerCap Holdings has a fifty-two week low of $80.90 and a fifty-two week high of $107.36. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67.

AerCap (NYSE:AER) last posted its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.75. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.97 billion. On average, analysts anticipate that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap declared that its board has authorized a share buyback program on Wednesday, February 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

AerCap Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This is a positive change from AerCap’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.08%. AerCap’s dividend payout ratio (DPR) is presently 9.99%.

Analysts Set New Price Targets

AER has been the subject of a number of research analyst reports. Susquehanna increased their target price on shares of AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research report on Thursday, February 27th. Bank of America increased their price objective on AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday. Barclays restated an “overweight” rating and issued a $115.00 target price (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 price target on shares of AerCap in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.43.

About AerCap

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.