Aercap Holdings N.V. $AER Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC trimmed its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,768 shares of the financial services provider’s stock after selling 4,631 shares during the period. Boothbay Fund Management LLC’s holdings in Aercap were worth $10,892,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Harbor Capital Advisors Inc. acquired a new position in Aercap during the fourth quarter worth about $27,000. Greenline Wealth Management LLC acquired a new position in Aercap during the fourth quarter worth about $30,000. Advisory Services Network LLC acquired a new position in Aercap during the third quarter worth about $35,000. Geneos Wealth Management Inc. grew its holdings in Aercap by 26.6% during the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 94 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Aercap by 36.5% during the fourth quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 96 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

Aercap Trading Up 0.8%

NYSE:AER opened at $144.06 on Thursday. 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 1-year low of $105.65 and a 1-year high of $154.94. The firm has a market capitalization of $24.04 billion, a price-to-earnings ratio of 6.31, a price-to-earnings-growth ratio of 1.00 and a beta of 0.93. The stock has a fifty day simple moving average of $141.31 and a 200 day simple moving average of $142.07.

Aercap (NYSE:AER) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share 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 forecast that Aercap Holdings N.V. will post 17.23 earnings per share for the current year.

Aercap declared that its board has authorized a share buyback 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 buy up to 4.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Aercap Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AER shares. Morgan Stanley lowered their target price on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. TD Cowen lifted their target price on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Barclays lifted their target price on Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. 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. Finally, Zacks Research lowered Aercap from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.13.

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.