140 Summer Partners LP Reduces Stock Holdings in Aercap Holdings N.V. $AER

140 Summer Partners LP cut its position in Aercap Holdings N.V. (NYSE:AER) by 12.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 568,221 shares of the financial services provider’s stock after selling 79,522 shares during the period. Aercap makes up about 6.0% of 140 Summer Partners LP’s investment portfolio, making the stock its 5th largest position. 140 Summer Partners LP’s holdings in Aercap were worth $81,687,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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. Mizuho Markets Cayman LP grew its position in Aercap by 45,615.5% in the third quarter. Mizuho Markets Cayman LP now owns 3,510,491 shares of the financial services provider’s stock valued at $424,769,000 after acquiring an additional 3,502,812 shares during the last quarter. Mawer Investment Management Ltd. raised its stake in 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 worth $470,517,000 after acquiring an additional 1,179,241 shares in the last quarter. Ninety One UK Ltd lifted its holdings in shares of 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 worth $403,103,000 after acquiring an additional 31,794 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Aercap by 2.7% in the 4th quarter. JPMorgan Chase & Co. now owns 2,738,772 shares of the financial services provider’s stock valued at $393,726,000 after purchasing an additional 71,923 shares in the last quarter. 96.42% of the stock is owned by institutional investors.

Aercap Stock Performance

NYSE:AER opened at $142.87 on Wednesday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34. Aercap Holdings N.V. has a twelve month low of $105.65 and a twelve month high of $154.94. The company has a fifty day moving average of $141.26 and a 200-day moving average of $141.99. The firm has a market capitalization of $23.84 billion, a P/E ratio of 6.26, a P/E/G ratio of 0.99 and a beta of 0.93.

Aercap (NYSE:AER) last issued its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (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 for the quarter. As a group, sell-side analysts anticipate that Aercap Holdings N.V. will post 17.23 EPS for the current year.

Aercap announced that its board has approved a stock buyback plan on Wednesday, April 29th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is 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 paid 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 dividend payout ratio is 7.01%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AER shares. Morgan Stanley dropped their price objective on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Weiss Ratings lowered Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, May 26th. Barclays lifted their price target on Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. TD Cowen boosted their price objective on shares of Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Truist Financial raised their target price on Aercap from $159.00 to $161.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $163.13.

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.