AerCap Holdings (NYSE:AER) Shares Acquired by Lyrical Asset Management LP

Lyrical Asset Management LP increased its position in shares of AerCap Holdings (NYSE:AER) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,097,840 shares of the financial services provider’s stock after buying an additional 38,264 shares during the period. AerCap accounts for approximately 4.4% of Lyrical Asset Management LP’s holdings, making the stock its 8th biggest position. Lyrical Asset Management LP owned about 1.57% of AerCap worth $296,463,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AER. Toth Financial Advisory Corp bought a new stake in shares of AerCap in the fourth quarter valued at approximately $29,000. Pinpoint Asset Management Ltd acquired a new position in AerCap during the 4th quarter valued at $35,000. Fortitude Family Office LLC bought a new stake in AerCap in the 4th quarter valued at $38,000. Quantbot Technologies LP acquired a new stake in AerCap in the 3rd quarter worth $66,000. Finally, TD Private Client Wealth LLC acquired a new stake in AerCap in the 3rd quarter worth $78,000. 96.42% of the stock is currently owned by institutional investors and hedge funds.

AerCap Trading Down 9.3 %

AER stock opened at $89.51 on Friday. AerCap Holdings has a 1-year low of $81.93 and a 1-year 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 business’s 50 day moving average is $100.01 and its 200-day moving average is $97.31. The firm has a market cap of $16.72 billion, a P/E ratio of 7.09, a P/E/G ratio of 2.22 and a beta of 1.45.

AerCap (NYSE:AER) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $3.31 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 for the quarter, compared to analyst estimates of $1.97 billion. Equities analysts anticipate that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.21%. This is a boost from AerCap’s previous quarterly dividend of $0.25. AerCap’s dividend payout ratio (DPR) is 9.99%.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays reaffirmed an “overweight” rating and set a $115.00 price objective (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Bank of America upped their price target on AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, March 7th. Susquehanna lifted their price objective on AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a report on Thursday, February 27th. Finally, UBS Group cut AerCap to an “underperform” rating in a research report on Friday, March 7th. 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 company. According to MarketBeat.com, AerCap has a consensus rating of “Moderate Buy” and a consensus price target of $117.43.

About AerCap

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.