Russell Investments Group Ltd. Sells 114,731 Shares of Aercap Holdings N.V. $AER

Russell Investments Group Ltd. lessened its stake in Aercap Holdings N.V. (NYSE:AER) by 10.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,016,265 shares of the financial services provider’s stock after selling 114,731 shares during the quarter. Russell Investments Group Ltd.’s holdings in Aercap were worth $146,111,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp increased its holdings in Aercap by 3.7% during the fourth quarter. State Street Corp now owns 5,112,626 shares of the financial services provider’s stock worth $735,003,000 after buying an additional 184,425 shares during the last quarter. Mizuho Markets Cayman LP lifted its stake in Aercap by 45,615.5% in the third quarter. Mizuho Markets Cayman LP now owns 3,510,491 shares of the financial services provider’s stock valued at $424,769,000 after acquiring an additional 3,502,812 shares during the last quarter. Mawer Investment Management Ltd. lifted its stake in Aercap by 56.3% in the fourth quarter. Mawer Investment Management Ltd. now owns 3,272,935 shares of the financial services provider’s stock valued at $470,517,000 after acquiring an additional 1,179,241 shares during the last quarter. Ninety One UK Ltd grew its position in shares of Aercap by 1.1% in the 4th quarter. Ninety One UK Ltd now owns 2,804,003 shares of the financial services provider’s stock valued at $403,103,000 after acquiring an additional 31,794 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Aercap by 2.7% during the 4th quarter. JPMorgan Chase & Co. now owns 2,738,772 shares of the financial services provider’s stock worth $393,726,000 after purchasing an additional 71,923 shares during the last quarter. 96.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Truist Financial upped 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. lifted their price target on Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Zacks Research downgraded Aercap from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Barclays upped their price objective on Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, TD Cowen lifted their target price on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $163.13.

Aercap Price Performance

Shares of AER opened at $142.87 on Wednesday. The company’s 50-day moving average is $141.26 and its 200-day moving average is $141.99. 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 $23.84 billion, a PE ratio of 6.26, a PEG ratio of 0.99 and a beta of 0.93. Aercap Holdings N.V. has a fifty-two week low of $105.65 and a fifty-two week high of $154.94.

Aercap (NYSE:AER) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. The business 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%. Equities analysts forecast that Aercap Holdings N.V. will post 17.23 EPS for the current year.

Aercap Announces Dividend

The company also recently announced 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 of this dividend was Wednesday, May 13th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Aercap’s dividend payout ratio is presently 7.01%.

Aercap announced that its board has authorized a stock buyback program on Wednesday, April 29th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Aercap 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.