Bridgefront Capital LLC Takes Position in AerCap Holdings (NYSE:AER)

Bridgefront Capital LLC acquired a new position in AerCap Holdings (NYSE:AER) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,667 shares of the financial services provider’s stock, valued at approximately $542,000.

Other large investors have also recently modified their holdings of the company. Barclays PLC increased its position in shares of AerCap by 95.5% during the third quarter. Barclays PLC now owns 91,707 shares of the financial services provider’s stock worth $8,687,000 after purchasing an additional 44,797 shares in the last quarter. Tidal Investments LLC increased its position in AerCap by 271.8% during the 3rd quarter. Tidal Investments LLC now owns 8,496 shares of the financial services provider’s stock valued at $805,000 after buying an additional 6,211 shares in the last quarter. Nordea Investment Management AB raised its stake in AerCap by 5.3% in the fourth quarter. Nordea Investment Management AB now owns 19,609 shares of the financial services provider’s stock valued at $1,899,000 after buying an additional 979 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in AerCap in the fourth quarter worth about $38,000. Finally, Fiduciary Alliance LLC purchased a new stake in shares of AerCap during the fourth quarter worth about $2,007,000. Institutional investors own 96.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on AER shares. Susquehanna lifted their target price on shares of AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research note on Thursday, February 27th. Morgan Stanley lifted their price objective on shares of AerCap from $101.00 to $111.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 1st. Barclays reissued an “overweight” rating and issued a $115.00 target price (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. JPMorgan Chase & Co. boosted their price target on AerCap from $112.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Finally, UBS Group cut AerCap to an “underperform” rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

AerCap Stock Up 0.8 %

Shares of AER stock opened at $107.63 on Tuesday. AerCap Holdings has a twelve month low of $82.21 and a twelve month high of $108.49. The stock has a market cap of $20.10 billion, a P/E ratio of 8.53, a P/E/G ratio of 2.22 and a beta of 1.41. The stock has a 50 day moving average of $99.65 and a 200 day moving average of $97.73. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89.

AerCap (NYSE:AER) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.99. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the business posted $3.29 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. As a group, sell-side analysts expect that AerCap Holdings will post 11.29 EPS for the current year.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 14th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.00%. AerCap’s dividend payout ratio is presently 9.58%.

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 outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are 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.