Todd Asset Management LLC Sells 9,233 Shares of Aercap Holdings N.V. $AER

Todd Asset Management LLC lowered its position in shares of Aercap Holdings N.V. (NYSE:AER) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 524,728 shares of the financial services provider’s stock after selling 9,233 shares during the quarter. Aercap makes up about 1.5% of Todd Asset Management LLC’s investment portfolio, making the stock its 11th largest position. Todd Asset Management LLC’s holdings in Aercap were worth $75,436,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AER. Harbor Capital Advisors Inc. acquired a new stake in Aercap in the fourth quarter worth about $27,000. Advisory Services Network LLC bought a new stake in Aercap during the 3rd quarter worth about $35,000. Geneos Wealth Management Inc. lifted its position in Aercap by 26.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 94 shares during the period. GAMMA Investing LLC lifted its position in Aercap by 36.5% during the 4th quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 96 shares during the period. Finally, JFS Wealth Advisors LLC bought a new position in shares of Aercap in the 3rd quarter valued at about $67,000. Institutional investors own 96.42% of the company’s stock.

Aercap Trading Up 0.0%

AER opened at $138.68 on Monday. The firm’s fifty day moving average is $140.37 and its two-hundred day moving average is $141.44. 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 Holdings N.V. has a twelve month low of $105.65 and a twelve month 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.

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

Aercap declared that its board has authorized a stock buyback plan on Wednesday, April 29th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Aercap Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AER shares. Weiss Ratings raised shares of Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Barclays raised their price objective on shares of Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Susquehanna lifted their target price on shares of Aercap from $165.00 to $170.00 and gave the stock a “positive” rating in a report on Thursday, April 30th. TD Cowen upped their target price on shares of Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Truist Financial increased their price target on Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $163.13.

Aercap 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.