Burney Co. Has $8.23 Million Position in Aercap Holdings N.V. $AER

Burney Co. boosted its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 66.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,032 shares of the financial services provider’s stock after purchasing an additional 23,937 shares during the quarter. Burney Co.’s holdings in Aercap were worth $8,235,000 at the end of the most recent quarter.

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

Aercap Price Performance

NYSE:AER opened at $153.42 on Tuesday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24. Aercap Holdings N.V. has a one year low of $105.65 and a one year high of $154.94. The company has a fifty day moving average price of $142.10 and a 200 day moving average price of $142.86. The stock has a market cap of $25.60 billion, a P/E ratio of 6.72, a PEG ratio of 1.03 and a beta of 0.94.

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. Aercap had a net margin of 45.22% and a return on equity of 16.01%. The company had revenue of $2.30 billion for the quarter. Analysts anticipate that Aercap Holdings N.V. will post 17.23 earnings per share for the current year.

Aercap Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Wednesday, May 13th. Aercap’s dividend payout ratio (DPR) is presently 7.01%.

Aercap declared that its board has approved a stock repurchase plan on Wednesday, April 29th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have weighed in on AER. Barclays boosted their target price on shares of Aercap from $164.00 to $179.00 and gave the stock an “overweight” rating in a research report on Tuesday. TD Cowen raised their price target on Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Morgan Stanley dropped their price objective on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings cut Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, May 26th. Finally, Zacks Research downgraded Aercap from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.75.

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.