Steamboat Capital Partners LLC Sells 1,985 Shares of AerCap Holdings (NYSE:AER)

Steamboat Capital Partners LLC cut its stake in shares of AerCap Holdings (NYSE:AER) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,952 shares of the financial services provider’s stock after selling 1,985 shares during the period. AerCap comprises approximately 2.9% of Steamboat Capital Partners LLC’s investment portfolio, making the stock its 14th largest holding. Steamboat Capital Partners LLC’s holdings in AerCap were worth $9,183,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of AerCap by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 446,303 shares of the financial services provider’s stock worth $42,711,000 after purchasing an additional 4,222 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of AerCap by 11.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 18,664 shares of the financial services provider’s stock worth $1,786,000 after purchasing an additional 1,900 shares during the period. Barclays PLC raised its stake in shares of AerCap by 95.5% during the 3rd 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 during the period. Lyrical Asset Management LP raised its stake in shares of AerCap by 1.3% during the 4th quarter. Lyrical Asset Management LP now owns 3,097,840 shares of the financial services provider’s stock worth $296,463,000 after purchasing an additional 38,264 shares during the period. Finally, Transform Wealth LLC raised its stake in shares of AerCap by 13.0% during the 4th quarter. Transform Wealth LLC now owns 127,208 shares of the financial services provider’s stock worth $12,174,000 after purchasing an additional 14,619 shares during the period. 96.42% of the stock is currently owned by institutional investors.

AerCap Trading Down 0.3%

Shares of AerCap stock opened at $113.24 on Friday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $21.15 billion, a P/E ratio of 8.97, a P/E/G ratio of 2.22 and a beta of 1.41. AerCap Holdings has a 52-week low of $82.21 and a 52-week high of $114.33. The stock’s 50-day simple moving average is $101.55 and its 200 day simple moving average is $98.66.

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

AerCap Announces Dividend

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 0.95%. The ex-dividend date of this dividend is Wednesday, May 14th. AerCap’s payout ratio is presently 9.58%.

AerCap declared that its board has authorized a share buyback plan on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

AER has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on AerCap from $112.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Barclays reiterated an “overweight” rating and set a $115.00 target price (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Susquehanna lifted their target price on AerCap from $120.00 to $130.00 and gave the stock a “positive” rating in a research note on Tuesday, May 13th. Morgan Stanley boosted their price objective on AerCap from $101.00 to $111.00 and gave the company an “equal weight” 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 research 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. Based on data from MarketBeat.com, AerCap has a consensus rating of “Moderate Buy” and an average price target of $119.25.

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.