Two Sigma Advisers LP Sells 166,200 Shares of AerCap Holdings (NYSE:AER)

Two Sigma Advisers LP decreased its position in shares of AerCap Holdings (NYSE:AER) by 30.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 382,200 shares of the financial services provider’s stock after selling 166,200 shares during the quarter. Two Sigma Advisers LP owned approximately 0.19% of AerCap worth $36,577,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AER. Toth Financial Advisory Corp bought a new position in shares of AerCap during the 4th quarter worth $29,000. Pinpoint Asset Management Ltd bought a new position in shares of AerCap during the 4th quarter worth $35,000. Blue Trust Inc. grew its position in shares of AerCap by 51.7% during the 4th quarter. Blue Trust Inc. now owns 1,388 shares of the financial services provider’s stock worth $131,000 after buying an additional 473 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of AerCap by 110.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,740 shares of the financial services provider’s stock worth $167,000 after buying an additional 914 shares in the last quarter. Finally, CoreCap Advisors LLC grew its position in shares of AerCap by 104.3% during the 4th quarter. CoreCap Advisors LLC now owns 1,949 shares of the financial services provider’s stock worth $187,000 after buying an additional 995 shares in the last quarter. Institutional investors own 96.42% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AER shares. Morgan Stanley increased their price target on AerCap from $101.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 1st. UBS Group downgraded AerCap to an “underperform” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. raised their price objective on AerCap from $112.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Barclays reaffirmed an “overweight” rating and set a $115.00 price objective (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Finally, Bank of America raised their price objective on AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $119.25.

AerCap Price Performance

Shares of NYSE AER opened at $113.66 on Tuesday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $21.23 billion, a PE ratio of 9.01, a P/E/G ratio of 2.22 and a beta of 1.41. The business has a 50-day simple moving average of $101.88 and a two-hundred day simple moving average of $98.83. AerCap Holdings has a fifty-two week low of $82.21 and a fifty-two week high of $114.33.

AerCap (NYSE:AER) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.99. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.01 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $3.29 earnings per share. As a group, equities analysts expect that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 26th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 4.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

AerCap Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Wednesday, May 14th. AerCap’s payout ratio is 9.58%.

AerCap Company Profile

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.