Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 8,900 Shares of Aercap Holdings N.V. $AER

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Aercap Holdings N.V. (NYSE:AER) by 29.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,991 shares of the financial services provider’s stock after acquiring an additional 8,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Aercap were worth $5,349,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Integrated Wealth Concepts LLC lifted its position in Aercap by 19.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock worth $271,000 after buying an additional 423 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 worth $680,000 after purchasing an additional 4,919 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in 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. Invesco Ltd. raised its position in shares of Aercap by 43.3% during the second quarter. Invesco Ltd. now owns 459,459 shares of the financial services provider’s stock worth $53,757,000 after acquiring an additional 138,843 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings 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 valued at $134,000 after acquiring an additional 425 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.

Aercap Price Performance

Shares of AER opened at $147.93 on Monday. The company has a market cap of $24.69 billion, a price-to-earnings ratio of 6.48, a PEG ratio of 1.03 and a beta of 0.94. 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 company’s fifty day simple moving average is $141.81 and its 200 day simple moving average is $142.78. Aercap Holdings N.V. has a 1-year low of $105.65 and a 1-year high of $154.94.

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

Aercap declared that its Board of Directors has approved a stock buyback program 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 programs are typically a sign that the company’s management believes its shares are undervalued.

Aercap Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 13th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Aercap’s dividend payout ratio is presently 7.01%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. 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 research report on Thursday, April 30th. Truist Financial upped their price target on Aercap from $159.00 to $161.00 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. Barclays raised their price objective 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, JPMorgan Chase & Co. upped their target price on shares of Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Aercap currently has a consensus rating of “Moderate Buy” and an average target price of $163.12.

Aercap 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.