Tocqueville Asset Management L.P. Has $29.01 Million Holdings in AerCap Holdings (NYSE:AER)

Tocqueville Asset Management L.P. boosted its holdings in shares of AerCap Holdings (NYSE:AER) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 303,150 shares of the financial services provider’s stock after buying an additional 6,235 shares during the quarter. Tocqueville Asset Management L.P. owned about 0.15% of AerCap worth $29,011,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its holdings in shares of AerCap by 15.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 108 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in AerCap by 0.6% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,192 shares of the financial services provider’s stock valued at $1,837,000 after purchasing an additional 115 shares during the last quarter. Signaturefd LLC raised its position in shares of AerCap by 3.2% in the fourth quarter. Signaturefd LLC now owns 5,717 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 177 shares during the period. Dorsey & Whitney Trust CO LLC lifted its stake in shares of AerCap by 3.8% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,322 shares of the financial services provider’s stock worth $509,000 after buying an additional 194 shares during the last quarter. Finally, Inspire Advisors LLC boosted its holdings in shares of AerCap by 3.4% during the 4th quarter. Inspire Advisors LLC now owns 6,336 shares of the financial services provider’s stock worth $606,000 after buying an additional 209 shares during the period. 96.42% of the stock is currently owned by institutional investors.

AerCap Stock Performance

AerCap stock opened at $102.49 on Tuesday. The firm has a market capitalization of $19.14 billion, a P/E ratio of 8.12, a P/E/G ratio of 2.22 and a beta of 1.83. The stock has a fifty day moving average price of $98.24 and a two-hundred day moving average price of $96.49. AerCap Holdings has a 52-week low of $81.93 and a 52-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 announced its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.75. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.97 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. As a group, analysts anticipate that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be issued a $0.27 dividend. This is an increase from AerCap’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, March 12th. AerCap’s payout ratio is presently 9.99%.

AerCap declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 4.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms have weighed in on AER. Bank of America boosted their target price on shares of AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Barclays restated an “overweight” rating and set a $115.00 price target (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Susquehanna raised their price objective on AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research report on Thursday, February 27th. The Goldman Sachs Group restated a “buy” rating and set a $119.00 price objective on shares of AerCap in a research report on Thursday, November 21st. Finally, UBS Group cut AerCap to an “underperform” rating in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, AerCap currently has an average rating of “Moderate Buy” and an average target price of $117.43.

AerCap Company Profile

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.