Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 6,500 Shares of Aercap Holdings N.V. $AER

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 27.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,091 shares of the financial services provider’s stock after acquiring an additional 6,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Aercap were worth $4,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of AER. Mizuho Markets Cayman LP raised its holdings in Aercap by 45,615.5% during the 3rd 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 period. Norges Bank bought a new stake in Aercap during the 4th quarter valued at $352,172,000. Mawer Investment Management Ltd. grew its position in shares of Aercap by 56.3% during the 4th 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. Alyeska Investment Group L.P. grew its position in shares of Aercap by 642.7% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,111,552 shares of the financial services provider’s stock valued at $134,498,000 after purchasing an additional 961,890 shares in the last quarter. Finally, AustralianSuper Pty Ltd grew its position in shares of Aercap by 118.3% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,390,165 shares of the financial services provider’s stock valued at $199,850,000 after purchasing an additional 753,259 shares in the last quarter. Institutional investors own 96.42% of the company’s stock.

Wall Street Analysts Forecast Growth

AER has been the subject of a number of recent analyst reports. Susquehanna boosted their price target on shares of Aercap from $165.00 to $170.00 and gave the company a “positive” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $175.00 price target on shares of Aercap and gave the company a “buy” rating in a research report on Tuesday, February 10th. Weiss Ratings lowered shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. boosted their price target on shares of Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, TD Cowen boosted their price target on shares of Aercap from $170.00 to $175.00 and gave the company 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $163.13.

Aercap Stock Down 1.0%

AER opened at $135.63 on Tuesday. Aercap Holdings N.V. has a one year low of $105.65 and a one year high of $154.94. The company has a fifty day moving average price of $140.96 and a 200-day moving average price of $141.68. The firm has a market capitalization of $22.63 billion, a P/E ratio of 5.94, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24.

Aercap (NYSE:AER) last announced 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 company had revenue of $2.30 billion during the quarter. Equities research analysts expect that Aercap Holdings N.V. will post 17.23 earnings per share for the current fiscal year.

Aercap declared that its Board of Directors has initiated a stock repurchase program on Wednesday, April 29th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Aercap Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.2%. Aercap’s payout ratio is 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.