State of Wyoming Trims Stock Position in AerCap Holdings (NYSE:AER)

State of Wyoming cut its position in AerCap Holdings (NYSE:AER) by 18.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,897 shares of the financial services provider’s stock after selling 1,090 shares during the quarter. State of Wyoming’s holdings in AerCap were worth $469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp bought a new stake in AerCap during the fourth quarter valued at $29,000. Pinpoint Asset Management Ltd purchased a new stake in shares of AerCap in the 4th quarter valued at about $35,000. Blue Trust Inc. boosted its position in shares of AerCap by 51.7% during the 4th quarter. Blue Trust Inc. now owns 1,388 shares of the financial services provider’s stock valued at $131,000 after acquiring an additional 473 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of AerCap by 110.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,740 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 914 shares in the last quarter. Finally, CoreCap Advisors LLC increased its position 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 worth $187,000 after purchasing an additional 995 shares during the last quarter. 96.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AER shares. Susquehanna lifted their target price on shares of AerCap from $120.00 to $130.00 and gave the company a “positive” rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. lifted their price objective on shares of AerCap from $112.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Morgan Stanley upped their target price on shares of AerCap from $101.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 1st. UBS Group cut shares of AerCap to an “underperform” rating in a research report on Friday, March 7th. Finally, Bank of America lifted their price objective on AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, March 7th. One equities 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $119.25.

AerCap Stock Performance

Shares of AER opened at $113.66 on Tuesday. The company has a 50-day simple moving average of $101.88 and a two-hundred day simple moving average of $98.83. 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 $21.23 billion, a PE ratio of 9.01, a price-to-earnings-growth ratio of 2.22 and a beta of 1.41. AerCap Holdings has a one year low of $82.21 and a one year high of $114.33.

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

AerCap Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, May 14th. AerCap’s dividend payout ratio is presently 9.58%.

AerCap announced that its board has approved a stock repurchase program on Wednesday, February 26th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors 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.