IFM Investors Pty Ltd Purchases 89,651 Shares of Aercap Holdings N.V. $AER

IFM Investors Pty Ltd lifted its position in Aercap Holdings N.V. (NYSE:AER) by 259.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,143 shares of the financial services provider’s stock after buying an additional 89,651 shares during the period. IFM Investors Pty Ltd owned approximately 0.07% of Aercap worth $17,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC lifted its stake in shares of Aercap by 19.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 423 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Aercap by 282.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,659 shares of the financial services provider’s stock valued at $680,000 after buying an additional 4,919 shares during the period. Geneos Wealth Management Inc. increased its holdings in Aercap by 26.6% during the first 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 during the last quarter. Invesco Ltd. increased its holdings in Aercap by 43.3% during the second quarter. Invesco Ltd. now owns 459,459 shares of the financial services provider’s stock valued at $53,757,000 after buying an additional 138,843 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Aercap by 59.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,143 shares of the financial services provider’s stock worth $134,000 after acquiring an additional 425 shares during the period. Institutional investors own 96.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AER. JPMorgan Chase & Co. boosted their price objective on shares of Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. 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 research report on Tuesday, May 26th. Morgan Stanley cut their price target on Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Finally, Susquehanna upped their price target on Aercap from $165.00 to $170.00 and gave the stock a “positive” rating in a research report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Aercap presently has an average rating of “Moderate Buy” and an average price target of $163.12.

Aercap Stock Down 2.6%

AER opened at $142.06 on Thursday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.24. Aercap Holdings N.V. has a fifty-two week low of $105.65 and a fifty-two week high of $154.94. The firm’s fifty day moving average is $141.47 and its 200 day moving average is $142.67. The stock has a market cap of $23.71 billion, a price-to-earnings ratio of 6.23, a price-to-earnings-growth ratio of 1.02 and a beta of 0.93.

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

Aercap Announces Dividend

The firm also recently announced 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 was Wednesday, May 13th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Aercap’s dividend payout ratio (DPR) is currently 7.01%.

Aercap declared that its Board of Directors 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 stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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.