IFM Investors Pty Ltd Buys 89,651 Shares of Aercap Holdings N.V. $AER

IFM Investors Pty Ltd grew its position in shares of Aercap Holdings N.V. (NYSE:AER) by 259.9% in the first quarter, HoldingsChannel reports. The firm owned 124,143 shares of the financial services provider’s stock after buying an additional 89,651 shares during the quarter. IFM Investors Pty Ltd’s holdings in Aercap were worth $17,030,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Arbejdsmarkedets Tillaegspension bought a new position in shares of Aercap during the 4th quarter valued at approximately $23,935,000. Convergence Investment Partners LLC purchased a new position in shares of Aercap in the fourth quarter valued at $1,520,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in 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 purchasing an additional 10,447 shares during the last quarter. Lombard Odier Asset Management USA Corp increased its position in 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 purchasing an additional 8,003 shares during the last quarter. Finally, Pacific Capital Partners Ltd raised its stake in Aercap by 65.8% during the fourth quarter. Pacific Capital Partners Ltd now owns 32,750 shares of the financial services provider’s stock valued at $4,708,000 after purchasing an additional 13,000 shares in the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Aercap Price Performance

Aercap stock opened at $142.06 on Thursday. The firm has a 50-day moving average price of $141.47 and a 200-day moving average price of $142.67. The firm has a market capitalization of $23.71 billion, a PE ratio of 6.23, a price-to-earnings-growth ratio of 1.02 and a beta of 0.93. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34. Aercap Holdings N.V. has a 12-month low of $105.65 and a 12-month high of $154.94.

Aercap (NYSE:AER) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 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 for the quarter. As a group, equities research analysts forecast that Aercap Holdings N.V. will post 17.23 EPS for the current year.

Aercap announced that its Board of Directors has initiated a share buyback program on Wednesday, April 29th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Aercap Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Susquehanna increased their price objective on shares of Aercap from $165.00 to $170.00 and gave the company a “positive” rating in a research 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. Zacks Research downgraded shares of Aercap from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. JPMorgan Chase & Co. lifted their price target on Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings cut Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $163.12.

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.