London Co. of Virginia Has $337.18 Million Stock Holdings in AerCap Holdings (NYSE:AER)

London Co. of Virginia cut its holdings in AerCap Holdings (NYSE:AER) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,523,309 shares of the financial services provider’s stock after selling 24,513 shares during the quarter. AerCap makes up 1.8% of London Co. of Virginia’s portfolio, making the stock its 13th largest position. London Co. of Virginia owned 1.78% of AerCap worth $337,181,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AER. Toth Financial Advisory Corp acquired a new stake in shares of AerCap in the fourth quarter valued at $29,000. Pinpoint Asset Management Ltd acquired a new stake in shares of AerCap in the fourth quarter valued at $35,000. Eagle Bay Advisors LLC increased its stake in shares of AerCap by 1,148.5% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider’s stock valued at $121,000 after buying an additional 1,160 shares in the last quarter. Blue Trust Inc. increased its stake in shares of AerCap by 51.7% in the fourth quarter. Blue Trust Inc. now owns 1,388 shares of the financial services provider’s stock valued at $131,000 after buying an additional 473 shares in the last quarter. Finally, CoreCap Advisors LLC increased its stake in shares of AerCap by 104.3% in the fourth quarter. CoreCap Advisors LLC now owns 1,949 shares of the financial services provider’s stock valued at $187,000 after buying an additional 995 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

AerCap Price Performance

Shares of AER opened at $109.48 on Monday. 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 Holdings has a 1 year low of $82.21 and a 1 year high of $112.43. The stock has a market cap of $20.45 billion, a P/E ratio of 8.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.41. The stock’s 50-day moving average price is $100.21 and its two-hundred day moving average price is $98.08.

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

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

AerCap Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Wednesday, May 14th. AerCap’s dividend payout ratio (DPR) is currently 9.58%.

Analyst Ratings Changes

Several research firms recently issued reports on AER. UBS Group cut AerCap to an “underperform” rating in a report on Friday, March 7th. Bank of America raised 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. Morgan Stanley raised their price target on AerCap from $101.00 to $111.00 and gave the company an “equal weight” rating in a report on Thursday, May 1st. Susquehanna raised their price target on AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a report on Thursday, February 27th. Finally, Barclays reiterated an “overweight” rating and issued a $115.00 price target (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $118.00.

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.