Hsbc Holdings PLC Has $14.10 Million Stock Position in Aercap Holdings N.V. $AER

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new position in shares of Aercap during the 4th quarter worth about $27,000. Greenline Wealth Management LLC acquired a new stake in Aercap in the 4th quarter valued at about $30,000. Advisory Services Network LLC bought a new position in Aercap during the third quarter worth about $35,000. Geneos Wealth Management Inc. increased its position in Aercap by 26.6% during the first 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 during the last quarter. Finally, GAMMA Investing LLC increased its position in Aercap by 36.5% during the fourth quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock worth $52,000 after buying an additional 96 shares during the last quarter. 96.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AER shares. Susquehanna raised their price objective on Aercap from $170.00 to $176.00 and gave the company a “positive” rating in a research report on Tuesday. TD Cowen increased their price target on Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Truist Financial raised their price target on Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Weiss Ratings cut shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, May 26th. Finally, Morgan Stanley decreased their price objective on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.75.

Aercap Trading Down 1.6%

AER stock opened at $151.04 on Wednesday. Aercap Holdings N.V. has a 52 week low of $105.65 and a 52 week high of $155.99. The company has a market capitalization of $25.20 billion, a PE ratio of 6.62, a price-to-earnings-growth ratio of 1.07 and a beta of 0.94. The company’s 50-day simple moving average is $142.36 and its 200 day simple moving average is $142.93. 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 (NYSE:AER) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. The business had revenue of $2.30 billion during the quarter. As a group, sell-side analysts anticipate that Aercap Holdings N.V. will post 17.23 earnings per share for the current year.

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 given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, May 13th. Aercap’s payout ratio is presently 7.01%.

Aercap announced that its board has authorized a share repurchase plan on Wednesday, April 29th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 4.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

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.