Bank of New York Mellon Corp Has $48.47 Million Stock Holdings in Aercap Holdings N.V. $AER

Bank of New York Mellon Corp grew its holdings in Aercap Holdings N.V. (NYSE:AER) by 4.7% during the 1st quarter, HoldingsChannel reports. The firm owned 353,310 shares of the financial services provider’s stock after purchasing an additional 15,932 shares during the quarter. Bank of New York Mellon Corp’s holdings in Aercap were worth $48,467,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp increased its position in 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 purchasing an additional 184,425 shares in the last quarter. Mawer Investment Management Ltd. boosted its stake in shares of Aercap by 56.3% during 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 purchasing an additional 1,179,241 shares in the last quarter. Ninety One UK Ltd grew its holdings in shares of Aercap by 1.1% during the fourth quarter. Ninety One UK Ltd now owns 2,804,003 shares of the financial services provider’s stock worth $403,103,000 after purchasing an additional 31,794 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Aercap by 2.7% during 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 during the last quarter. Finally, WGI DM LLC increased its stake in shares of Aercap by 1.2% in the fourth quarter. WGI DM LLC now owns 2,586,515 shares of the financial services provider’s stock valued at $371,837,000 after buying an additional 30,703 shares during the period. Institutional investors own 96.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup initiated coverage on shares of Aercap in a report on Monday. They issued a “buy” rating and a $173.00 price objective for the company. Weiss Ratings raised shares of Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, July 8th. Zacks Research upgraded Aercap from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Barclays raised their target price on Aercap from $164.00 to $179.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. lifted their target price on Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $168.67.

Aercap Price Performance

Shares of AER opened at $151.33 on Friday. The business’s fifty day moving average is $143.77 and its 200 day moving average is $143.36. Aercap Holdings N.V. has a 12-month low of $105.65 and a 12-month high of $155.99. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34. The stock 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 (NYSE:AER) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 EPS 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. Sell-side analysts anticipate that Aercap Holdings N.V. will post 17.39 earnings per share for the current fiscal year.

Aercap Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders 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 yield of 1.1%. The ex-dividend date of this dividend was Wednesday, May 13th. Aercap’s payout ratio is currently 7.01%.

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