Hsbc Holdings PLC Sells 99,330 Shares of Aercap Holdings N.V. $AER

Hsbc Holdings PLC trimmed its position in Aercap Holdings N.V. (NYSE:AER) by 50.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,069 shares of the financial services provider’s stock after selling 99,330 shares during the quarter. Hsbc Holdings PLC owned 0.06% of Aercap worth $14,099,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AER. State Street Corp raised its stake in shares of Aercap by 3.7% during the fourth quarter. State Street Corp now owns 5,112,626 shares of the financial services provider’s stock valued at $735,003,000 after acquiring an additional 184,425 shares during the last quarter. Mizuho Markets Cayman LP grew its stake in shares of Aercap by 45,615.5% in the third quarter. Mizuho Markets Cayman LP now owns 3,510,491 shares of the financial services provider’s stock worth $424,769,000 after purchasing an additional 3,502,812 shares during the last quarter. Mawer Investment Management Ltd. grew its stake in shares of Aercap by 56.3% in the fourth quarter. Mawer Investment Management Ltd. now owns 3,272,935 shares of the financial services provider’s stock worth $470,517,000 after purchasing an additional 1,179,241 shares during the last quarter. Ninety One UK Ltd increased its holdings in Aercap by 1.1% during the 4th quarter. Ninety One UK Ltd now owns 2,804,003 shares of the financial services provider’s stock valued at $403,103,000 after purchasing an additional 31,794 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Aercap by 2.7% during the 4th quarter. JPMorgan Chase & Co. now owns 2,738,772 shares of the financial services provider’s stock valued at $393,726,000 after purchasing an additional 71,923 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Aercap Trading Up 1.3%

NYSE:AER opened at $149.75 on Friday. The stock has a market cap of $24.99 billion, a price-to-earnings ratio of 6.56, a PEG ratio of 1.03 and a beta of 0.93. 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’s 50 day moving average price is $141.45 and its 200-day moving average price is $142.50. Aercap Holdings N.V. has a 52 week low of $105.65 and a 52 week high of $154.94.

Aercap (NYSE:AER) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. The company 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, equities research analysts forecast that Aercap Holdings N.V. will post 17.23 earnings per share for the current fiscal year.

Aercap announced that its board has approved a stock 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 purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Aercap Announces Dividend

The firm 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 annualized dividend and a dividend yield of 1.1%. Aercap’s payout ratio is currently 7.01%.

Analyst Ratings Changes

Several equities research analysts have weighed in on AER shares. Zacks Research cut Aercap from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Weiss Ratings downgraded Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, May 26th. Susquehanna lifted their price target on shares of Aercap from $165.00 to $170.00 and gave the company a “positive” rating in a report on Thursday, April 30th. Truist Financial boosted their price objective on shares of Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, TD Cowen boosted their price objective on shares of Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Aercap has a consensus rating of “Moderate Buy” and a consensus price target of $163.12.

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.