Bessemer Group Inc. Acquires 3,669 Shares of Aercap Holdings N.V. $AER

Bessemer Group Inc. raised its stake in Aercap Holdings N.V. (NYSE:AER) by 642.6% in the 1st quarter, HoldingsChannel reports. The fund owned 4,240 shares of the financial services provider’s stock after buying an additional 3,669 shares during the quarter. Bessemer Group Inc.’s holdings in Aercap were worth $581,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in Aercap in the 4th quarter worth approximately $27,000. Greenline Wealth Management LLC bought a new position in Aercap in the 4th quarter valued at $30,000. Advisory Services Network LLC bought a new position in Aercap in the 3rd quarter valued at $35,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Aercap in the 1st quarter valued at $44,000. Finally, GAMMA Investing LLC increased its stake in shares of Aercap by 36.5% in the 4th quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock valued at $52,000 after buying an additional 96 shares during the period. 96.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AER. Barclays boosted their price objective on Aercap from $164.00 to $179.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Truist Financial lifted their price target on shares of Aercap from $161.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. boosted their price target on shares of Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. TD Cowen raised their price objective on shares of Aercap from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Finally, Citigroup assumed coverage on shares of Aercap in a report on Monday. They set a “buy” rating and a $173.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned 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 a consensus price target of $168.67.

Aercap Trading Up 1.9%

Shares of NYSE:AER opened at $151.33 on Friday. The company’s 50-day moving average price is $143.77 and its two-hundred day moving average price is $143.36. Aercap Holdings N.V. has a one year low of $105.65 and a one year high of $155.99. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market capitalization of $25.25 billion, a PE ratio of 6.63, a price-to-earnings-growth 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 for the quarter. The firm had revenue of $2.30 billion for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%. On average, equities analysts forecast that Aercap Holdings N.V. will post 17.39 EPS for the current fiscal year.

Aercap announced that its board has initiated a stock buyback program on Wednesday, April 29th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Aercap Dividend Announcement

The firm also recently announced 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 of this dividend was Wednesday, May 13th. Aercap’s payout ratio is presently 7.01%.

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.