Resolute Advisors LLC Takes $476,000 Position in Aercap Holdings N.V. $AER

Resolute Advisors LLC bought a new position in Aercap Holdings N.V. (NYSE:AER) during the first quarter, Holdings Channel reports. The firm bought 3,473 shares of the financial services provider’s stock, valued at approximately $476,000.

Several other large investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in Aercap during the 4th quarter worth approximately $352,172,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Aercap in the fourth quarter valued at approximately $282,665,000. L1 Capital International Pty Ltd lifted its holdings in shares of Aercap by 344.2% in the fourth quarter. L1 Capital International Pty Ltd now owns 1,527,454 shares of the financial services provider’s stock valued at $219,587,000 after purchasing an additional 1,183,616 shares in the last quarter. Mawer Investment Management Ltd. boosted its position in shares of Aercap by 56.3% during 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 buying an additional 1,179,241 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its position in shares of Aercap by 642.7% during the third quarter. Alyeska Investment Group L.P. now owns 1,111,552 shares of the financial services provider’s stock valued at $134,498,000 after buying an additional 961,890 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.

Aercap Stock Performance

Shares of AER opened at $148.47 on Tuesday. The stock has a 50 day moving average of $143.13 and a 200 day moving average of $143.17. The company has a market capitalization of $24.78 billion, a price-to-earnings ratio of 6.51, a PEG ratio of 1.02 and a beta of 0.94. Aercap Holdings N.V. has a 12 month low of $105.65 and a 12 month high of $155.99. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34.

Aercap (NYSE:AER) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. The business had revenue of $2.30 billion for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%. As a group, sell-side analysts forecast that Aercap Holdings N.V. will post 17.39 earnings per share for the current year.

Aercap Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th 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 of this dividend was Wednesday, May 13th. Aercap’s payout ratio is 7.01%.

Aercap announced that its Board of Directors has approved a stock repurchase program on Wednesday, April 29th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Citigroup began coverage on Aercap in a research report on Monday. They issued a “buy” rating and a $173.00 price target for the company. Weiss Ratings upgraded shares of Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, July 8th. TD Cowen increased their target price on shares of Aercap from $175.00 to $180.00 and gave the company a “buy” rating in a report on Thursday. Zacks Research lowered shares of Aercap from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Morgan Stanley cut their price target on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $168.67.

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.