Aristotle Capital Management LLC Sells 3,338 Shares of Aercap Holdings N.V. $AER

Aristotle Capital Management LLC lowered its holdings in Aercap Holdings N.V. (NYSE:AER) by 12.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 24,355 shares of the financial services provider’s stock after selling 3,338 shares during the quarter. Aristotle Capital Management LLC’s holdings in Aercap were worth $3,341,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Arkadios Wealth Advisors increased its holdings in shares of Aercap by 2.7% in the 4th quarter. Arkadios Wealth Advisors now owns 2,525 shares of the financial services provider’s stock worth $363,000 after buying an additional 67 shares during the last quarter. Parallel Advisors LLC grew its position in Aercap by 7.1% in the first quarter. Parallel Advisors LLC now owns 1,110 shares of the financial services provider’s stock worth $152,000 after acquiring an additional 74 shares in the last quarter. Argentarii LLC grew its position in Aercap by 2.8% in the fourth quarter. Argentarii LLC now owns 2,793 shares of the financial services provider’s stock worth $402,000 after acquiring an additional 77 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Aercap by 26.6% in the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 94 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Aercap by 36.5% in the fourth quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 96 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors.

Aercap Stock Performance

Aercap stock opened at $151.33 on Friday. 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 firm has a market cap of $25.25 billion, a P/E ratio of 6.63, a P/E/G ratio of 1.03 and a beta of 0.94. Aercap Holdings N.V. has a 1-year low of $105.65 and a 1-year high of $155.99. The firm has a 50-day moving average of $143.77 and a 200-day moving average of $143.36.

Aercap (NYSE:AER) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%.The business had revenue of $2.30 billion during the quarter. Sell-side analysts expect that Aercap Holdings N.V. will post 17.39 EPS for the current year.

Aercap Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were issued a dividend of $0.40 per share. 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 dividend payout ratio is currently 7.01%.

Aercap declared that its board has initiated a share repurchase program on Wednesday, April 29th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

AER has been the topic of several recent research reports. Zacks Research upgraded Aercap from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. TD Cowen boosted their target price on Aercap from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Morgan Stanley decreased their target price on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Truist Financial boosted their price target on shares of Aercap from $161.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Finally, Barclays upped their price target on shares of Aercap from $164.00 to $179.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Aercap currently has a consensus rating of “Buy” and an average price target of $168.67.

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.