Lbp Am Sa Has $1.68 Million Stock Position in AerCap Holdings (NYSE:AER)

Lbp Am Sa lowered its stake in AerCap Holdings (NYSE:AER) by 78.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,567 shares of the financial services provider’s stock after selling 62,404 shares during the quarter. Lbp Am Sa’s holdings in AerCap were worth $1,681,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Toth Financial Advisory Corp acquired a new stake in shares of AerCap in the fourth quarter valued at about $29,000. Truvestments Capital LLC acquired a new stake in shares of AerCap in the third quarter valued at about $35,000. Fortitude Family Office LLC acquired a new stake in shares of AerCap in the fourth quarter valued at about $38,000. Transamerica Financial Advisors Inc. acquired a new position in AerCap during the third quarter worth approximately $64,000. Finally, Quantbot Technologies LP acquired a new position in AerCap during the third quarter worth approximately $66,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Trading Up 2.3 %

Shares of AER stock opened at $101.37 on Friday. 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 has a market cap of $18.93 billion, a P/E ratio of 8.03, a price-to-earnings-growth ratio of 2.22 and a beta of 1.83. The stock has a 50 day simple moving average of $98.10 and a 200 day simple moving average of $96.43. AerCap Holdings has a 1 year low of $81.93 and a 1 year high of $107.36.

AerCap (NYSE:AER) last issued its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.97 billion. On average, research analysts predict that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap announced that its board has authorized a stock repurchase program on Wednesday, February 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to repurchase up to 4.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

AerCap Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 12th. This is a boost from AerCap’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.07%. AerCap’s dividend payout ratio is presently 9.99%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Bank of America boosted their price target on AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. UBS Group downgraded AerCap to an “underperform” rating in a research report on Friday, March 7th. Barclays reissued an “overweight” rating and set a $115.00 price target (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $119.00 target price on shares of AerCap in a research report on Thursday, November 21st. Finally, Susquehanna upped 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock 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.