Soros Fund Management LLC Sells 103,559 Shares of AerCap Holdings (NYSE:AER)

Soros Fund Management LLC lowered its position in shares of AerCap Holdings (NYSE:AER) by 6.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,486,337 shares of the financial services provider’s stock after selling 103,559 shares during the period. AerCap comprises about 2.1% of Soros Fund Management LLC’s portfolio, making the stock its 10th biggest position. Soros Fund Management LLC’s holdings in AerCap were worth $142,242,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PDT Partners LLC purchased a new stake in shares of AerCap in the fourth quarter worth approximately $1,743,000. TOMS Capital Investment Management LP increased its position in shares of AerCap by 118.8% in the fourth quarter. TOMS Capital Investment Management LP now owns 1,398,000 shares of the financial services provider’s stock worth $133,789,000 after purchasing an additional 759,000 shares during the last quarter. Ion Asset Management Ltd. boosted its stake in AerCap by 6.8% in the fourth quarter. Ion Asset Management Ltd. now owns 1,166,158 shares of the financial services provider’s stock worth $111,601,000 after buying an additional 74,532 shares in the last quarter. Northern Trust Corp boosted its stake in shares of AerCap by 90.9% during the fourth quarter. Northern Trust Corp now owns 1,396,937 shares of the financial services provider’s stock valued at $133,687,000 after purchasing an additional 664,990 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in AerCap by 2.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 70,818 shares of the financial services provider’s stock worth $6,777,000 after acquiring an additional 1,407 shares during the period. Institutional investors own 96.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. UBS Group downgraded shares of AerCap to an “underperform” rating in a research note on Friday, March 7th. Barclays reissued 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. Bank of America boosted their price objective on AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, March 7th. Susquehanna upped their price target on shares of AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research report on Thursday, February 27th. Finally, Morgan Stanley reduced their price target on AerCap from $112.00 to $101.00 and set an “equal weight” rating on the stock in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.14.

AerCap Stock Up 0.5 %

Shares of AER opened at $103.82 on Tuesday. The stock has a market capitalization of $19.39 billion, a PE ratio of 8.23, a P/E/G ratio of 2.22 and a beta of 1.46. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. AerCap Holdings has a 1 year low of $82.21 and a 1 year high of $107.36. The company’s 50-day simple moving average is $99.26 and its 200-day simple moving average is $97.43.

AerCap (NYSE:AER) last announced its earnings results 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. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.97 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. Analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap Increases Dividend

The business also recently disclosed 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. This represents a $1.08 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Wednesday, March 12th. This is a boost from AerCap’s previous quarterly dividend of $0.25. AerCap’s dividend payout ratio (DPR) is currently 9.99%.

AerCap declared that its Board of Directors has authorized a stock repurchase program 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 shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

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.