Global Retirement Partners LLC Purchases 5,544 Shares of Aercap Holdings N.V. $AER

Global Retirement Partners LLC boosted its position in shares of Aercap Holdings N.V. (NYSE:AER) by 75.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,899 shares of the financial services provider’s stock after acquiring an additional 5,544 shares during the period. Global Retirement Partners LLC’s holdings in Aercap were worth $1,854,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mizuho Markets Cayman LP raised its stake in Aercap by 45,615.5% during the 3rd quarter. Mizuho Markets Cayman LP now owns 3,510,491 shares of the financial services provider’s stock worth $424,769,000 after acquiring an additional 3,502,812 shares during the period. Ninety One UK Ltd grew its holdings in Aercap by 1.1% during the 4th quarter. Ninety One UK Ltd now owns 2,804,003 shares of the financial services provider’s stock valued at $403,103,000 after buying an additional 31,794 shares in the last quarter. WGI DM LLC grew its holdings in Aercap by 1.2% during the 4th quarter. WGI DM LLC now owns 2,586,515 shares of the financial services provider’s stock valued at $371,837,000 after buying an additional 30,703 shares in the last quarter. Mawer Investment Management Ltd. grew its holdings in Aercap by 35.1% during the 3rd quarter. Mawer Investment Management Ltd. now owns 2,093,694 shares of the financial services provider’s stock valued at $253,337,000 after buying an additional 543,465 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Aercap by 1.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,958,577 shares of the financial services provider’s stock valued at $237,409,000 after buying an additional 25,034 shares in the last quarter. Institutional investors own 96.42% of the company’s stock.

Aercap Trading Down 0.6%

AER stock opened at $138.68 on Friday. The firm has a fifty day moving average price of $140.37 and a 200 day moving average price of $141.37. Aercap Holdings N.V. has a fifty-two week low of $105.65 and a fifty-two week high of $154.94. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market cap of $23.14 billion, a PE ratio of 6.08, a price-to-earnings-growth ratio of 0.97 and a beta of 0.95.

Aercap (NYSE:AER) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. The firm had revenue of $2.30 billion during the quarter. Sell-side analysts anticipate that Aercap Holdings N.V. will post 17.23 earnings per share for the current fiscal year.

Aercap declared that its board has authorized a share repurchase plan on Wednesday, April 29th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Aercap Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Wednesday, May 13th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. Aercap’s dividend payout ratio (DPR) is 7.01%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Truist Financial increased their price objective on shares of Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Weiss Ratings raised shares of Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $175.00 price objective on shares of Aercap and gave the company a “buy” rating in a report on Tuesday, February 10th. TD Cowen increased their price objective on shares of Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Zacks Research raised shares of Aercap from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $163.13.

Aercap Company Profile

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.