Geode Capital Management LLC Purchases 53,957 Shares of Aercap Holdings N.V. $AER

Geode Capital Management LLC raised its position in Aercap Holdings N.V. (NYSE:AER) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,617,706 shares of the financial services provider’s stock after buying an additional 53,957 shares during the quarter. Geode Capital Management LLC owned about 0.87% of Aercap worth $230,393,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Wedmont Private Capital raised its stake in shares of Aercap by 3.9% in the fourth quarter. Wedmont Private Capital now owns 1,979 shares of the financial services provider’s stock valued at $290,000 after buying an additional 74 shares during the period. Argentarii LLC raised its stake in shares of Aercap by 2.8% in the fourth quarter. Argentarii LLC now owns 2,793 shares of the financial services provider’s stock valued at $402,000 after buying an additional 77 shares during the period. Savant Capital LLC raised its stake in shares of Aercap by 2.4% in the third quarter. Savant Capital LLC now owns 3,417 shares of the financial services provider’s stock valued at $413,000 after buying an additional 80 shares during the period. Huntington National Bank raised its stake in shares of Aercap by 11.7% in the third quarter. Huntington National Bank now owns 895 shares of the financial services provider’s stock valued at $108,000 after buying an additional 94 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of Aercap by 26.6% in the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after buying an additional 94 shares during the period. 96.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AER. Barclays boosted their target price on Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Morgan Stanley lowered their target price on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings lowered Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. boosted their target price on Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft set a $175.00 price objective on Aercap and gave the stock a “buy” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $163.13.

Aercap Stock Performance

Shares of AER opened at $133.76 on Wednesday. The stock’s 50-day simple moving average is $140.93 and its 200 day simple moving average is $141.68. The stock has a market capitalization of $22.32 billion, a price-to-earnings ratio of 5.86, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.24. Aercap Holdings N.V. has a 52-week low of $105.65 and a 52-week high of $154.94.

Aercap (NYSE:AER) last issued 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 for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%. Research analysts forecast that Aercap Holdings N.V. will post 17.23 EPS for the current fiscal year.

Aercap Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Wednesday, May 13th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Aercap’s dividend payout ratio is 7.01%.

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

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.