35,546 Shares in Aercap Holdings N.V. $AER Purchased by Ninety One North America Inc.

Ninety One North America Inc. bought a new position in shares of Aercap Holdings N.V. (NYSE:AER) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 35,546 shares of the financial services provider’s stock, valued at approximately $5,110,000.

Several other hedge funds have also recently bought and sold shares of AER. Integrated Wealth Concepts LLC lifted its stake in Aercap by 19.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 423 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Aercap by 282.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,659 shares of the financial services provider’s stock worth $680,000 after acquiring an additional 4,919 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Aercap by 26.6% in the 1st 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. Invesco Ltd. raised its position in Aercap by 43.3% in the 2nd quarter. Invesco Ltd. now owns 459,459 shares of the financial services provider’s stock valued at $53,757,000 after purchasing an additional 138,843 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Aercap by 59.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,143 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 425 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AER. Morgan Stanley increased their price target on Aercap from $150.00 to $160.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Aercap in a research report on Wednesday, January 21st. TD Cowen reaffirmed a “buy” rating on shares of Aercap in a research report on Monday, March 16th. Zacks Research lowered Aercap from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Finally, Barclays increased their price target on Aercap from $144.00 to $162.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $153.38.

Aercap Trading Up 3.5%

AER opened at $147.38 on Friday. Aercap Holdings N.V. has a one year low of $93.28 and a one year high of $154.94. The company has a market cap of $24.59 billion, a P/E ratio of 6.91, a PEG ratio of 1.25 and a beta of 0.99. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.23 and a current ratio of 0.23. The business’s 50-day simple moving average is $142.83 and its 200-day simple moving average is $138.24.

Aercap (NYSE:AER) last released its quarterly earnings data on Saturday, February 7th. The financial services provider reported $3.95 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.64. Aercap had a return on equity of 15.11% and a net margin of 44.04%.The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the business posted $3.31 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, equities research analysts expect that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Wednesday, February 25th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, February 25th. This is an increase from Aercap’s previous quarterly dividend of $0.27. Aercap’s dividend payout ratio (DPR) is currently 7.50%.

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.