Royce & Associates LP Sells 4,046 Shares of Aercap Holdings N.V. $AER

Royce & Associates LP reduced its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 42.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,540 shares of the financial services provider’s stock after selling 4,046 shares during the period. Royce & Associates LP’s holdings in Aercap were worth $796,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Arbejdsmarkedets Tillaegspension acquired a new position in Aercap in the fourth quarter valued at approximately $23,935,000. Citigroup Inc. grew its position in shares of Aercap by 12.7% during the 3rd quarter. Citigroup Inc. now owns 176,919 shares of the financial services provider’s stock worth $21,407,000 after buying an additional 19,975 shares during the period. Alberta Investment Management Corp grew its position in shares of Aercap by 142.4% during the 3rd quarter. Alberta Investment Management Corp now owns 38,300 shares of the financial services provider’s stock worth $4,634,000 after buying an additional 22,500 shares during the period. Todd Asset Management LLC increased its stake in shares of Aercap by 1.5% in the 3rd quarter. Todd Asset Management LLC now owns 533,961 shares of the financial services provider’s stock valued at $64,610,000 after acquiring an additional 7,813 shares in the last quarter. Finally, M3F Inc. increased its stake in shares of Aercap by 17.5% in the 3rd quarter. M3F Inc. now owns 208,500 shares of the financial services provider’s stock valued at $25,229,000 after acquiring an additional 31,000 shares in the last quarter. 96.42% of the stock is owned by institutional investors.

Aercap Stock Performance

Shares of Aercap stock opened at $139.48 on Monday. Aercap Holdings N.V. has a 52 week low of $105.65 and a 52 week high of $154.94. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34. The business has a 50 day moving average price of $140.87 and a 200-day moving average price of $141.68. The company has a market cap of $23.28 billion, a PE ratio of 6.11, a price-to-earnings-growth ratio of 0.98 and a beta of 0.93.

Aercap (NYSE:AER) last announced its quarterly earnings results 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 anticipate that Aercap Holdings N.V. will post 17.23 earnings per share for the current fiscal year.

Aercap Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Wednesday, May 13th will be issued a $0.40 dividend. The ex-dividend date is 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 of Directors has initiated a share buyback program on Wednesday, April 29th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

AER has been the topic of a number of research reports. Truist Financial boosted their target price on shares of Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings cut shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, May 26th. Susquehanna upped their price objective on shares of Aercap from $165.00 to $170.00 and gave the company a “positive” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $175.00 target price on Aercap and gave the company a “buy” rating in a research note on Tuesday, February 10th. Finally, TD Cowen upped their price target on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Aercap presently has a consensus rating of “Buy” and an average price target of $163.13.

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.