Luxor Capital Group LP Reduces Holdings in Aercap Holdings N.V. $AER

Luxor Capital Group LP decreased its position in Aercap Holdings N.V. (NYSE:AER) by 71.8% in the first quarter, HoldingsChannel.com reports. The fund owned 137,310 shares of the financial services provider’s stock after selling 348,790 shares during the period. Aercap comprises approximately 1.3% of Luxor Capital Group LP’s investment portfolio, making the stock its 14th biggest holding. Luxor Capital Group LP’s holdings in Aercap were worth $18,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Integrated Wealth Concepts LLC raised its position in Aercap by 19.0% during the first quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock valued at $271,000 after acquiring an additional 423 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Aercap by 282.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,659 shares of the financial services provider’s stock worth $680,000 after purchasing an additional 4,919 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Aercap by 26.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 94 shares in the last quarter. Invesco Ltd. grew its stake in shares of Aercap by 43.3% during the 2nd quarter. Invesco Ltd. now owns 459,459 shares of the financial services provider’s stock worth $53,757,000 after purchasing an additional 138,843 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Aercap by 59.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,143 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 425 shares during the period. 96.42% of the stock is owned by hedge funds and other institutional investors.

Aercap Stock Up 1.9%

Aercap stock opened at $151.33 on Friday. 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 1.05 and a beta of 0.94. The business has a 50 day simple moving average of $143.77 and a 200-day simple moving average of $143.36. Aercap Holdings N.V. has a 12 month low of $105.65 and a 12 month high of $155.99.

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. 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, analysts anticipate that Aercap Holdings N.V. will post 17.39 EPS for the current fiscal year.

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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, May 13th. Aercap’s dividend payout ratio is 7.01%.

Aercap declared that its board has authorized a stock repurchase plan on Wednesday, April 29th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have recently weighed in on AER. Morgan Stanley cut their target price on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. TD Cowen raised their price target on shares of Aercap from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. raised 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. Truist Financial lifted their price objective on shares of Aercap from $161.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Finally, Barclays upped their price objective on shares of Aercap from $164.00 to $179.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $168.67.

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.