Aercap Holdings N.V. $AER Shares Purchased by M3F Inc.

M3F Inc. raised its position in Aercap Holdings N.V. (NYSE:AER) by 14.1% in the 1st quarter, Holdings Channel reports. The firm owned 238,000 shares of the financial services provider’s stock after buying an additional 29,500 shares during the period. Aercap accounts for approximately 8.1% of M3F Inc.’s investment portfolio, making the stock its 3rd biggest holding. M3F Inc.’s holdings in Aercap were worth $32,649,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of AER. Harbor Capital Advisors Inc. acquired a new position in shares of Aercap in the 4th quarter valued at $27,000. Greenline Wealth Management LLC acquired a new stake in Aercap during the 4th quarter worth $30,000. Advisory Services Network LLC acquired a new stake in Aercap during the 3rd quarter worth $35,000. Geneos Wealth Management Inc. lifted its holdings in Aercap by 26.6% during the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 94 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Aercap by 36.5% during the fourth quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 96 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Aercap Stock Performance

Shares of Aercap stock opened at $147.93 on Monday. The firm has a market cap of $24.69 billion, a price-to-earnings ratio of 6.48, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The stock’s 50-day moving average is $141.81 and its 200-day moving average is $142.78. Aercap Holdings N.V. has a one year low of $105.65 and a one year high of $154.94. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24.

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

Aercap announced that its board has initiated a share buyback 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 typically a sign that the company’s leadership believes its shares are undervalued.

Aercap Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Aercap’s dividend payout ratio is 7.01%.

Wall Street Analyst Weigh In

AER has been the subject of several recent analyst reports. Weiss Ratings downgraded Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, May 26th. TD Cowen lifted their price objective on Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Truist Financial boosted their price objective on Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. increased their target price on Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Susquehanna raised their target price on shares of Aercap from $165.00 to $170.00 and gave the stock a “positive” rating in a report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.12.

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.