Sienna Gestion Invests $14.27 Million in Aercap Holdings N.V. $AER

Sienna Gestion purchased a new position in Aercap Holdings N.V. (NYSE:AER) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 99,498 shares of the financial services provider’s stock, valued at approximately $14,270,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. purchased a new stake in Aercap in the fourth quarter valued at approximately $27,000. Greenline Wealth Management LLC purchased a new stake in Aercap in the fourth quarter valued at approximately $30,000. Advisory Services Network LLC purchased a new stake in Aercap in the third quarter valued at approximately $35,000. GAMMA Investing LLC raised its stake in Aercap by 36.5% in the fourth 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 in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Aercap by 26.6% in the first 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 in the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. Truist Financial raised their target price on shares of Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. TD Cowen raised their target price on shares of Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. raised their target price on shares of Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Susquehanna raised their target price on shares of Aercap from $165.00 to $170.00 and gave the company a “positive” rating in a research note on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $163.13.

Aercap Trading Up 1.2%

AER stock opened at $141.61 on Tuesday. The company has a market capitalization of $23.63 billion, a PE ratio of 6.21, a price-to-earnings-growth ratio of 0.98 and a beta of 0.93. Aercap Holdings N.V. has a one year low of $105.65 and a one year high of $154.94. The company’s 50 day moving average price is $141.18 and its two-hundred day moving average price is $141.92. 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 posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. The firm had revenue of $2.30 billion for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. As a group, analysts predict that Aercap Holdings N.V. will post 17.23 earnings per share for the current fiscal year.

Aercap Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Aercap’s dividend payout ratio (DPR) is 7.01%.

Aercap declared that its board has approved a stock repurchase program 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 purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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.