Legal & General Group Plc Buys 11,116 Shares of Aercap Holdings N.V. $AER

Legal & General Group Plc lifted its stake in Aercap Holdings N.V. (NYSE:AER) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,156,810 shares of the financial services provider’s stock after purchasing an additional 11,116 shares during the period. Legal & General Group Plc’s holdings in Aercap were worth $166,303,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its holdings in Aercap by 19.0% during the first quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 423 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Aercap by 282.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,659 shares of the financial services provider’s stock worth $680,000 after buying an additional 4,919 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Aercap by 26.6% in the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after buying an additional 94 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Aercap by 43.3% in the second quarter. Invesco Ltd. now owns 459,459 shares of the financial services provider’s stock worth $53,757,000 after buying an additional 138,843 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Aercap by 59.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,143 shares of the financial services provider’s stock worth $134,000 after buying an additional 425 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors.

Aercap Stock Up 1.3%

Shares of Aercap stock opened at $141.98 on Thursday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24. Aercap Holdings N.V. has a 1 year low of $105.65 and a 1 year high of $154.94. The firm’s 50-day moving average is $140.77 and its two-hundred day moving average is $141.61. The stock has a market cap of $23.69 billion, a price-to-earnings ratio of 6.22, a PEG ratio of 0.98 and a beta of 0.95.

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

Aercap Dividend Announcement

The business also recently declared 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. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, May 13th. Aercap’s payout ratio is presently 7.01%.

Aercap declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, April 29th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AER shares. Deutsche Bank Aktiengesellschaft set a $175.00 target price on shares of Aercap and gave the stock a “buy” rating in a report on Tuesday, February 10th. JPMorgan Chase & Co. boosted their target price on shares of Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Truist Financial boosted their target price on shares of Aercap from $159.00 to $161.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. TD Cowen boosted their target price on shares of Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Susquehanna boosted 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. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $163.13.

About Aercap

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.