BNP Paribas Financial Markets Reduces Stock Position in Aercap Holdings N.V. $AER

BNP Paribas Financial Markets lessened its holdings in Aercap Holdings N.V. (NYSE:AER) by 72.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,487 shares of the financial services provider’s stock after selling 283,389 shares during the quarter. BNP Paribas Financial Markets’ holdings in Aercap were worth $15,452,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Arbejdsmarkedets Tillaegspension acquired a new position in Aercap in the fourth quarter valued at $23,935,000. Citigroup Inc. boosted its stake in Aercap by 12.7% in the third quarter. Citigroup Inc. now owns 176,919 shares of the financial services provider’s stock valued at $21,407,000 after acquiring an additional 19,975 shares in the last quarter. Convergence Investment Partners LLC acquired a new position in Aercap in the fourth quarter valued at $1,520,000. Alberta Investment Management Corp boosted its stake in Aercap by 142.4% in the third quarter. Alberta Investment Management Corp now owns 38,300 shares of the financial services provider’s stock valued at $4,634,000 after acquiring an additional 22,500 shares in the last quarter. Finally, Todd Asset Management LLC boosted its stake in Aercap by 1.5% in the third 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. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Aercap Price Performance

Shares of AER opened at $136.67 on Friday. Aercap Holdings N.V. has a fifty-two week low of $105.65 and a fifty-two week high of $154.94. The company has a market capitalization of $22.81 billion, a price-to-earnings ratio of 5.99, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93. The firm has a 50-day simple moving average of $140.92 and a 200-day simple moving average of $141.59. 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 (NYSE:AER) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. The business had revenue of $2.30 billion during the quarter. On average, equities research analysts anticipate that Aercap Holdings N.V. will post 17.23 earnings per share for the current year.

Aercap Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 13th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, May 13th. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Aercap’s dividend payout ratio is 7.01%.

Aercap announced that its Board of Directors has approved a share buyback plan on Wednesday, April 29th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have issued reports on AER. Susquehanna upped their price objective on shares of Aercap from $165.00 to $170.00 and gave the company a “positive” rating in a research note on Thursday, April 30th. TD Cowen upped their price objective on shares of Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $175.00 price objective on shares of Aercap and gave the company a “buy” rating in a research note on Tuesday, February 10th. Barclays upped their price objective on shares of Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Morgan Stanley decreased their target price on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Aercap presently has an average rating of “Moderate Buy” and a consensus price target of $163.13.

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.