Aercap Holdings N.V. $AER Shares Purchased by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. lifted its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 61.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 116,740 shares of the financial services provider’s stock after acquiring an additional 44,502 shares during the quarter. Thornburg Investment Management Inc. owned 0.07% of Aercap worth $16,783,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Arbejdsmarkedets Tillaegspension acquired a new position in shares of Aercap during the fourth quarter worth $23,935,000. Citigroup Inc. grew its stake in shares of Aercap by 12.7% during the third quarter. Citigroup Inc. now owns 176,919 shares of the financial services provider’s stock worth $21,407,000 after purchasing an additional 19,975 shares in the last quarter. Convergence Investment Partners LLC acquired a new position in shares of Aercap during the fourth quarter worth $1,520,000. Alberta Investment Management Corp grew its stake in shares of Aercap by 142.4% during the third quarter. Alberta Investment Management Corp now owns 38,300 shares of the financial services provider’s stock worth $4,634,000 after purchasing an additional 22,500 shares in the last quarter. Finally, Todd Asset Management LLC grew its stake in shares of Aercap by 1.5% during the third quarter. Todd Asset Management LLC now owns 533,961 shares of the financial services provider’s stock worth $64,610,000 after purchasing an additional 7,813 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AER. Zacks Research downgraded shares of Aercap from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Truist Financial upped their price objective 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 upped their price objective 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. Barclays upped their price objective on shares of Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.13.

Aercap Trading Down 0.1%

Shares of Aercap stock opened at $139.81 on Monday. Aercap Holdings N.V. has a 12-month low of $105.65 and a 12-month high of $154.94. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34. The stock has a market cap of $23.33 billion, a PE ratio of 6.13, a price-to-earnings-growth ratio of 0.98 and a beta of 0.93. The company has a 50-day moving average of $141.13 and a two-hundred day moving average of $141.86.

Aercap (NYSE:AER) last issued its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) for the quarter. The company had revenue of $2.30 billion during the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. On average, research analysts anticipate that Aercap Holdings N.V. will post 17.23 EPS for the current fiscal year.

Aercap Announces Dividend

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

Aercap announced that its board has approved a stock repurchase plan on Wednesday, April 29th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are 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.