Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 6,500 Shares of Aercap Holdings N.V. $AER

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Aercap Holdings N.V. (NYSE:AER) by 27.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,091 shares of the financial services provider’s stock after buying an additional 6,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Aercap were worth $4,326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of AER. Harbor Capital Advisors Inc. bought a new position in shares of Aercap during the 4th quarter worth approximately $27,000. Advisory Services Network LLC bought a new position in shares of Aercap during the 3rd quarter worth approximately $35,000. Geneos Wealth Management Inc. lifted its position 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 worth $46,000 after buying an additional 94 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Aercap by 36.5% during the 4th quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock worth $52,000 after buying an additional 96 shares in the last quarter. Finally, JFS Wealth Advisors LLC bought a new position in shares of Aercap during the 3rd quarter worth approximately $67,000. Institutional investors own 96.42% of the company’s stock.

Aercap Trading Down 1.0%

NYSE:AER opened at $135.63 on Tuesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $22.63 billion, a PE ratio of 5.94, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93. The firm’s 50 day moving average is $140.96 and its 200 day moving average is $141.68. Aercap Holdings N.V. has a 12 month low of $105.65 and a 12 month high of $154.94.

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

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

Aercap Announces Dividend

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

Analyst Ratings Changes

AER has been the topic of several recent analyst reports. Weiss Ratings cut shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, May 26th. Truist Financial lifted their price target on shares of Aercap from $159.00 to $161.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. TD Cowen lifted their price target on shares of Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Barclays lifted their price target on shares of Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft set a $175.00 price target on shares of Aercap and gave the stock a “buy” rating in a report on Tuesday, February 10th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Aercap currently has a consensus rating of “Moderate Buy” and an average target price 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.