AerCap Holdings (NYSE:AER) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its position in AerCap Holdings (NYSE:AER) by 1.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 445,115 shares of the financial services provider’s stock after selling 4,563 shares during the period. Wells Fargo & Company MN’s holdings in AerCap were worth $42,597,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Franklin Resources Inc. lifted its position in shares of AerCap by 5.3% in 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 acquiring an additional 282,980 shares in the last quarter. Cooke & Bieler LP lifted its position in shares of AerCap by 3.0% in the fourth quarter. Cooke & Bieler LP now owns 2,934,185 shares of the financial services provider’s stock valued at $280,802,000 after acquiring an additional 86,548 shares in the last quarter. Ninety One UK Ltd lifted its position in shares of AerCap by 7.0% in the fourth quarter. Ninety One UK Ltd now owns 2,550,350 shares of the financial services provider’s stock valued at $244,068,000 after acquiring an additional 167,830 shares in the last quarter. Norges Bank purchased a new stake in shares of AerCap in the fourth quarter valued at $218,517,000. Finally, Geode Capital Management LLC lifted its position in shares of AerCap by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 1,619,546 shares of the financial services provider’s stock valued at $153,972,000 after acquiring an additional 70,829 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analyst Ratings Changes

AER has been the topic of several recent analyst reports. Susquehanna increased their target price on AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research report on Thursday, February 27th. Barclays reiterated an “overweight” rating and set a $115.00 target price (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Bank of America increased their target price on AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Finally, UBS Group downgraded AerCap to an “underperform” rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $117.43.

AerCap Trading Up 7.3 %

Shares of NYSE AER opened at $95.44 on Thursday. The company has a market cap of $17.83 billion, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of 2.22 and a beta of 1.46. AerCap Holdings has a 12-month low of $81.93 and a 12-month high of $107.36. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The stock’s 50 day simple moving average is $99.61 and its 200 day simple moving average is $97.14.

AerCap (NYSE:AER) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.75. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.97 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. Equities research analysts expect that AerCap Holdings will post 11.29 EPS for the current year.

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

AerCap Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, March 12th. This represents a $1.08 annualized dividend and a yield of 1.13%. This is an increase from AerCap’s previous quarterly dividend of $0.25. AerCap’s payout ratio is presently 9.99%.

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.