Blueshift Asset Management LLC Cuts Position in AerCap Holdings (NYSE:AER)

Blueshift Asset Management LLC lowered its stake in shares of AerCap Holdings (NYSE:AER) by 72.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,887 shares of the financial services provider’s stock after selling 7,421 shares during the period. Blueshift Asset Management LLC’s holdings in AerCap were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. boosted its stake 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 worth $77,000 after acquiring an additional 108 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in AerCap by 0.6% in 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 increased 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 buying an additional 177 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of AerCap by 3.8% during the 4th 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 raised its stake 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 last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

AerCap Stock Down 2.4 %

AER stock opened at $102.13 on Friday. The company has a 50 day moving average price of $98.89 and a two-hundred day moving average price of $96.67. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $19.08 billion, a P/E ratio of 8.09, a PEG ratio of 2.22 and a beta of 1.83. AerCap Holdings has a one year low of $81.93 and a one year high of $107.36.

AerCap (NYSE:AER) last announced its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, beating 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 business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.97 billion. As a group, sell-side analysts expect that AerCap Holdings will post 11.29 EPS for the current year.

AerCap announced that its board has initiated a share repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board 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 paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.06%. This is an increase from AerCap’s previous quarterly dividend of $0.25. AerCap’s dividend payout ratio is currently 9.99%.

Analysts Set New Price Targets

A number of brokerages recently commented on AER. UBS Group cut shares of AerCap to an “underperform” rating in a research note on Friday, March 7th. Barclays reiterated an “overweight” rating and issued a $115.00 price target (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Susquehanna lifted 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. Finally, Bank of America raised 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, AerCap has a consensus rating of “Moderate Buy” and an average price target of $117.43.

AerCap 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.