Brandywine Global Investment Management LLC Lowers Position in Aercap Holdings N.V. $AER

Brandywine Global Investment Management LLC trimmed its position in shares of Aercap Holdings N.V. (NYSE:AER) by 24.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 873,309 shares of the financial services provider’s stock after selling 288,780 shares during the period. Aercap makes up approximately 0.8% of Brandywine Global Investment Management LLC’s holdings, making the stock its 24th largest holding. Brandywine Global Investment Management LLC’s holdings in Aercap were worth $125,547,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wedmont Private Capital lifted its stake in shares of Aercap by 3.9% in the 4th quarter. Wedmont Private Capital now owns 1,979 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 74 shares during the period. Argentarii LLC lifted its position in Aercap by 2.8% during 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 lifted its position in Aercap by 2.4% during 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 boosted its holdings in shares of Aercap by 11.7% during the 3rd 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 in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Aercap by 26.6% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Aercap Price Performance

Shares of NYSE AER opened at $136.67 on Monday. The firm has a market cap of $22.81 billion, a P/E ratio of 5.99, a PEG ratio of 0.96 and a beta of 0.93. 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 company has a 50 day moving average of $140.92 and a 200 day moving average of $141.66.

Aercap (NYSE:AER) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%.The business had revenue of $2.30 billion during the quarter. As a group, research analysts expect that Aercap Holdings N.V. will post 17.23 EPS for the current fiscal year.

Aercap announced that its Board of Directors has initiated a stock buyback 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 buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Aercap Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AER shares. Barclays increased their price target on shares of Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. TD Cowen boosted their price objective on shares of Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Susquehanna upped their price objective on shares of Aercap from $165.00 to $170.00 and gave the stock a “positive” rating in a report on Thursday, April 30th. Weiss Ratings downgraded shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. Finally, Truist Financial lifted their target price on shares of Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Aercap currently has an average rating of “Moderate Buy” and an average target price of $163.13.

Aercap 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.