Andra AP fonden Has $13.46 Million Stake in Aercap Holdings N.V. $AER

Andra AP fonden raised its holdings in Aercap Holdings N.V. (NYSE:AER) by 147.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,143 shares of the financial services provider’s stock after buying an additional 58,543 shares during the quarter. Andra AP fonden’s holdings in Aercap were worth $13,463,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AER. State Street Corp lifted its holdings in shares of Aercap by 3.7% during the 4th quarter. State Street Corp now owns 5,112,626 shares of the financial services provider’s stock worth $735,003,000 after acquiring an additional 184,425 shares during the period. Mawer Investment Management Ltd. increased its stake in 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 valued at $470,517,000 after acquiring an additional 1,179,241 shares during the period. Ninety One UK Ltd increased its stake in Aercap by 1.1% in the fourth quarter. Ninety One UK Ltd now owns 2,804,003 shares of the financial services provider’s stock valued at $403,103,000 after acquiring an additional 31,794 shares during the period. JPMorgan Chase & Co. raised its position in Aercap by 2.7% in the fourth quarter. JPMorgan Chase & Co. now owns 2,738,772 shares of the financial services provider’s stock worth $393,726,000 after purchasing an additional 71,923 shares in the last quarter. Finally, WGI DM LLC raised its position in Aercap by 1.2% in the fourth quarter. WGI DM LLC now owns 2,586,515 shares of the financial services provider’s stock worth $371,837,000 after purchasing an additional 30,703 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Aercap Trading Up 2.2%

Shares of AER opened at $151.59 on Wednesday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $25.30 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 1.03 and a beta of 0.94. The stock has a fifty day moving average price of $143.27 and a two-hundred day moving average price of $143.23. Aercap Holdings N.V. has a 52-week low of $105.65 and a 52-week high of $155.99.

Aercap (NYSE:AER) last posted 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 firm had revenue of $2.30 billion during the quarter. Analysts predict that Aercap Holdings N.V. will post 17.39 EPS for the current fiscal year.

Aercap announced that its board has approved a share repurchase program on Wednesday, April 29th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Aercap Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were issued a $0.40 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.60 annualized dividend and a yield of 1.1%. Aercap’s dividend payout ratio (DPR) is currently 7.01%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AER shares. JPMorgan Chase & Co. upped their price objective on Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Citigroup initiated coverage on Aercap in a research report on Monday. They set a “buy” rating and a $173.00 target price for the company. Weiss Ratings raised Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, July 8th. Barclays upped their price target on Aercap from $164.00 to $179.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Finally, Truist Financial increased their price objective on Aercap from $161.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.67.

About Aercap

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.