Cynosure Group LLC Acquires New Stake in Aercap Holdings N.V. $AER

Cynosure Group LLC acquired a new stake in shares of Aercap Holdings N.V. (NYSE:AER) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,670 shares of the financial services provider’s stock, valued at approximately $528,000.

Other hedge funds have also made changes to their positions in the company. Arbejdsmarkedets Tillaegspension acquired a new position in shares of Aercap during the fourth quarter valued at approximately $23,935,000. Citigroup Inc. increased its stake in shares of Aercap by 12.7% during 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 during the period. Convergence Investment Partners LLC acquired a new position in shares of Aercap during the fourth quarter valued at approximately $1,520,000. Alberta Investment Management Corp increased its stake in shares of Aercap by 142.4% during 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 during the period. Finally, M3F Inc. increased its stake in shares of Aercap by 17.5% during the third quarter. M3F Inc. now owns 208,500 shares of the financial services provider’s stock valued at $25,229,000 after acquiring an additional 31,000 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

Aercap Trading Up 1.0%

Aercap stock opened at $142.87 on Wednesday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market cap of $23.84 billion, a price-to-earnings ratio of 6.26, a price-to-earnings-growth ratio of 0.99 and a beta of 0.93. Aercap Holdings N.V. has a 1 year low of $105.65 and a 1 year high of $154.94. The firm’s 50 day moving average price is $141.26 and its two-hundred day moving average price is $141.99.

Aercap (NYSE:AER) last posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) for the quarter. The firm 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%. On average, research analysts predict that Aercap Holdings N.V. will post 17.23 EPS for the current fiscal year.

Aercap declared that its board has approved a share repurchase program 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 shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Aercap Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were paid a $0.40 dividend. 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 1.1%. Aercap’s dividend payout ratio (DPR) is currently 7.01%.

Analyst Ratings Changes

A number of research firms recently commented on AER. TD Cowen raised 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. Susquehanna lifted their price target on shares of Aercap from $165.00 to $170.00 and gave the stock a “positive” rating in a research report on Thursday, April 30th. Morgan Stanley decreased their price target on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. 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 research report on Thursday, April 30th. Finally, Zacks Research lowered shares of Aercap from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.