Callan Family Office LLC Invests $343,000 in AerCap Holdings (NYSE:AER)

Callan Family Office LLC bought a new position in shares of AerCap Holdings (NYSE:AER) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,588 shares of the financial services provider’s stock, valued at approximately $343,000.

Several other large investors also recently modified their holdings of AER. Toth Financial Advisory Corp acquired a new stake in AerCap in the fourth quarter valued at about $29,000. Truvestments Capital LLC acquired a new stake in AerCap in the third quarter valued at about $35,000. Fortitude Family Office LLC acquired a new stake in AerCap in the fourth quarter valued at about $38,000. Transamerica Financial Advisors Inc. acquired a new stake in AerCap in the third quarter valued at about $64,000. Finally, Quantbot Technologies LP acquired a new stake in AerCap in the third quarter valued at about $66,000. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Price Performance

Shares of AER opened at $95.25 on Tuesday. AerCap Holdings has a 1 year low of $80.90 and a 1 year 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. The company has a market capitalization of $17.79 billion, a price-to-earnings ratio of 7.55, a price-to-earnings-growth ratio of 2.22 and a beta of 1.83. The business has a 50-day moving average of $97.88 and a 200-day moving average of $96.33.

AerCap (NYSE:AER) last issued its quarterly earnings data 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. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.97 billion. As a group, equities research analysts anticipate that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap declared that its Board of Directors has initiated a share buyback program on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 4.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

AerCap Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.13%. This is an increase from AerCap’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, March 12th. AerCap’s dividend payout ratio (DPR) is 9.99%.

Wall Street Analyst Weigh In

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