Bank of New York Mellon Corp boosted its holdings in AerCap Holdings (NYSE:AER - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 446,303 shares of the financial services provider's stock after acquiring an additional 4,222 shares during the quarter. Bank of New York Mellon Corp owned about 0.23% of AerCap worth $42,711,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AER. Toth Financial Advisory Corp bought a new stake in shares of AerCap in the 4th quarter valued at approximately $29,000. Truvestments Capital LLC bought a new stake in shares of AerCap in the 3rd quarter valued at approximately $35,000. Fortitude Family Office LLC bought a new stake in shares of AerCap in the 4th quarter valued at approximately $38,000. Transamerica Financial Advisors Inc. bought a new stake in shares of AerCap in the 3rd quarter valued at approximately $64,000. Finally, Quantbot Technologies LP bought a new stake in shares of AerCap in the 3rd quarter valued at approximately $66,000. 96.42% of the stock is currently owned by institutional investors.
Shares of NYSE AER opened at $101.22 on Friday. The business has a fifty day simple moving average of $97.68 and a 200 day simple moving average of $96.23. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $18.91 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 2.22 and a beta of 1.81. AerCap Holdings has a one year low of $80.46 and a one year high of $107.36.
AerCap (NYSE:AER - Get Free Report) last issued its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, beating analysts' consensus estimates of $2.56 by $0.75. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.97 billion. Sell-side analysts expect that AerCap Holdings will post 11.29 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.27 per share. This is a positive change from AerCap's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.07%. The ex-dividend date is Wednesday, March 12th. AerCap's dividend payout ratio is currently 9.99%.
AerCap declared that its board has initiated a stock repurchase program on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 4.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.
Several brokerages recently commented on AER. Barclays reissued an "overweight" rating and issued a $115.00 price target (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $119.00 target price on shares of AerCap in a research report on Thursday, November 21st. Finally, Susquehanna upped their target price on AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $116.17.
Get Our Latest Analysis on AER
AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.
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