Axiom Investors LLC DE Buys New Stake in Aercap Holdings N.V. $AER

Axiom Investors LLC DE acquired a new position in Aercap Holdings N.V. (NYSE:AER) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 539,047 shares of the financial services provider’s stock, valued at approximately $77,493,000. Aercap accounts for about 0.7% of Axiom Investors LLC DE’s portfolio, making the stock its 25th largest holding.

A number of other large investors have also modified their holdings of the company. Fox Run Management L.L.C. raised its position in shares of Aercap by 22.2% in the fourth quarter. Fox Run Management L.L.C. now owns 5,197 shares of the financial services provider’s stock worth $747,000 after acquiring an additional 944 shares during the period. Cerity Partners LLC raised its position in shares of Aercap by 2.7% during the 4th quarter. Cerity Partners LLC now owns 90,745 shares of the financial services provider’s stock worth $13,046,000 after purchasing an additional 2,384 shares during the last quarter. LPL Financial LLC raised its position in shares of Aercap by 9.2% during the 4th quarter. LPL Financial LLC now owns 74,091 shares of the financial services provider’s stock worth $10,651,000 after purchasing an additional 6,222 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Aercap by 15.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 21,604 shares of the financial services provider’s stock worth $3,106,000 after purchasing an additional 2,866 shares during the last quarter. Finally, CenterBook Partners LP raised its position in shares of Aercap by 7.6% during the 4th quarter. CenterBook Partners LP now owns 26,680 shares of the financial services provider’s stock worth $3,836,000 after purchasing an additional 1,894 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Aercap Stock Performance

Aercap stock opened at $138.94 on Wednesday. The firm has a 50 day simple moving average of $141.07 and a 200-day simple moving average of $141.72. Aercap Holdings N.V. has a 1-year low of $105.65 and a 1-year high of $154.94. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market cap of $23.19 billion, a price-to-earnings ratio of 6.09, a price-to-earnings-growth ratio of 0.95 and a beta of 0.93.

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. The firm had revenue of $2.30 billion during the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. On average, analysts expect that Aercap Holdings N.V. will post 17.23 EPS for the current year.

Aercap Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were given 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 dividend yield of 1.2%. Aercap’s dividend payout ratio (DPR) is presently 7.01%.

Aercap declared that its board has authorized a share buyback program on Wednesday, April 29th that authorizes the company to buyback $1.00 billion in 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 generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

AER has been the subject of several research analyst reports. Morgan Stanley reduced their price target on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Truist Financial upped their price objective on shares of Aercap from $159.00 to $161.00 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. Weiss Ratings cut shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. Finally, 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. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Aercap currently has a consensus rating of “Moderate Buy” and a consensus target price 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.