Bridges Investment Management Inc. Sells 4,876 Shares of Aercap Holdings N.V. $AER

Bridges Investment Management Inc. lowered its holdings in Aercap Holdings N.V. (NYSE:AER) by 35.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 8,790 shares of the financial services provider’s stock after selling 4,876 shares during the quarter. Bridges Investment Management Inc.’s holdings in Aercap were worth $1,264,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AER. Mizuho Markets Cayman LP lifted its holdings in Aercap by 45,615.5% in the 3rd quarter. Mizuho Markets Cayman LP now owns 3,510,491 shares of the financial services provider’s stock worth $424,769,000 after buying an additional 3,502,812 shares during the period. Norges Bank purchased a new stake in Aercap in the 4th quarter worth approximately $352,172,000. Mawer Investment Management Ltd. lifted its holdings in Aercap by 56.3% in the 4th quarter. Mawer Investment Management Ltd. now owns 3,272,935 shares of the financial services provider’s stock worth $470,517,000 after buying an additional 1,179,241 shares during the period. Alyeska Investment Group L.P. lifted its holdings in Aercap by 642.7% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,111,552 shares of the financial services provider’s stock worth $134,498,000 after buying an additional 961,890 shares during the period. Finally, AustralianSuper Pty Ltd lifted its holdings in Aercap by 118.3% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,390,165 shares of the financial services provider’s stock worth $199,850,000 after buying an additional 753,259 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on AER. Barclays increased their price objective on Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. TD Cowen increased their price objective on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Truist Financial increased their price objective on Aercap from $159.00 to $161.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. increased their price objective on Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Susquehanna increased their price objective on 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $163.13.

Aercap Stock Up 0.2%

AER stock opened at $134.29 on Thursday. Aercap Holdings N.V. has a twelve month low of $105.65 and a twelve month 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 firm has a market cap of $22.41 billion, a PE ratio of 5.88, a price-to-earnings-growth ratio of 0.94 and a beta of 0.93. The business has a 50 day moving average of $140.95 and a 200 day moving average of $141.63.

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. Aercap had a return on equity of 16.01% and a net margin of 45.22%.The company had revenue of $2.30 billion during the quarter. On average, 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 given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, May 13th. Aercap’s dividend payout ratio (DPR) is 7.01%.

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

Aercap Company 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.