Janney Montgomery Scott LLC Buys 10,406 Shares of Aercap Holdings N.V. $AER

Janney Montgomery Scott LLC grew its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 486,450 shares of the financial services provider’s stock after buying an additional 10,406 shares during the period. Janney Montgomery Scott LLC owned 0.29% of Aercap worth $66,731,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arbejdsmarkedets Tillaegspension purchased a new stake in Aercap during the 4th quarter valued at approximately $23,935,000. Convergence Investment Partners LLC purchased a new stake in Aercap in the 4th quarter worth $1,520,000. M3F Inc. increased its holdings in shares of Aercap by 17.5% in the third quarter. M3F Inc. now owns 208,500 shares of the financial services provider’s stock worth $25,229,000 after purchasing an additional 31,000 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Aercap by 6.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 175,986 shares of the financial services provider’s stock worth $25,453,000 after buying an additional 10,447 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp lifted its position in shares of Aercap by 50.9% in the third quarter. Lombard Odier Asset Management USA Corp now owns 23,717 shares of the financial services provider’s stock worth $2,870,000 after buying an additional 8,003 shares in the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Zacks Research downgraded Aercap from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. 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 report on Thursday, April 30th. JPMorgan Chase & Co. increased their price objective on shares of Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. 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 research report on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, May 26th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $163.12.

Aercap Stock Performance

Aercap stock opened at $148.92 on Monday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market capitalization of $24.85 billion, a P/E ratio of 6.53, a price-to-earnings-growth ratio of 1.04 and a beta of 0.93. Aercap Holdings N.V. has a 1-year low of $105.65 and a 1-year high of $154.94. The company’s 50-day moving average is $141.48 and its 200 day moving average is $142.57.

Aercap (NYSE:AER) last released its 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 return on equity of 16.01% and a net margin of 45.22%. Research analysts forecast that Aercap Holdings N.V. will post 17.23 EPS for the current year.

Aercap Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, May 13th. Aercap’s dividend payout ratio is currently 7.01%.

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

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.