AerCap Holdings (NYSE:AER) Shares Purchased by Ethic Inc.

Ethic Inc. raised its position in AerCap Holdings (NYSE:AER) by 35.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,448 shares of the financial services provider’s stock after purchasing an additional 7,949 shares during the quarter. Ethic Inc.’s holdings in AerCap were worth $2,914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. 59 North Capital Management LP increased its stake in shares of AerCap by 17.0% in the fourth quarter. 59 North Capital Management LP now owns 3,704,914 shares of the financial services provider’s stock valued at $354,560,000 after purchasing an additional 538,703 shares during the period. Lyrical Asset Management LP increased its stake in shares of AerCap by 1.3% in the fourth quarter. Lyrical Asset Management LP now owns 3,097,840 shares of the financial services provider’s stock valued at $296,463,000 after purchasing an additional 38,264 shares during the period. Cooke & Bieler LP increased its stake in shares of AerCap by 3.0% in the fourth quarter. Cooke & Bieler LP now owns 2,934,185 shares of the financial services provider’s stock valued at $280,802,000 after purchasing an additional 86,548 shares during the period. Ninety One UK Ltd increased its stake in shares of AerCap by 7.0% in the fourth quarter. Ninety One UK Ltd now owns 2,550,350 shares of the financial services provider’s stock valued at $244,068,000 after purchasing an additional 167,830 shares during the period. Finally, Norges Bank acquired a new stake in shares of AerCap in the fourth quarter valued at approximately $218,517,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Price Performance

NYSE AER opened at $109.48 on Monday. AerCap Holdings has a 12 month low of $82.21 and a 12 month high of $112.43. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $20.45 billion, a PE ratio of 8.68, a P/E/G ratio of 2.22 and a beta of 1.41. The company’s 50 day simple moving average is $100.21 and its 200 day simple moving average is $98.08.

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

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Wednesday, May 14th will be given a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.08 annualized dividend and a yield of 0.99%. AerCap’s dividend payout ratio (DPR) is 9.58%.

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Susquehanna raised their price target on shares of AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a research note on Thursday, February 27th. Barclays restated an “overweight” rating and issued a $115.00 price target (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. UBS Group lowered shares of AerCap to an “underperform” rating in a research note on Friday, March 7th. Bank of America raised their price objective on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, Morgan Stanley raised their price objective on shares of AerCap from $101.00 to $111.00 and gave the company an “equal weight” rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $118.00.

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.