BW Gestao de Investimentos Ltda. Lowers Position in Aercap Holdings N.V. $AER

BW Gestao de Investimentos Ltda. cut its stake in Aercap Holdings N.V. (NYSE:AER) by 67.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 40,000 shares of the financial services provider’s stock after selling 81,043 shares during the quarter. BW Gestao de Investimentos Ltda.’s holdings in Aercap were worth $5,750,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arbejdsmarkedets Tillaegspension bought a new stake in shares of Aercap during the fourth quarter valued at approximately $23,935,000. Citigroup Inc. increased its position in shares of Aercap by 12.7% during the third quarter. Citigroup Inc. now owns 176,919 shares of the financial services provider’s stock valued at $21,407,000 after acquiring an additional 19,975 shares in the last quarter. Alberta Investment Management Corp increased its position in shares of Aercap by 142.4% during the third quarter. Alberta Investment Management Corp now owns 38,300 shares of the financial services provider’s stock valued at $4,634,000 after acquiring an additional 22,500 shares in the last quarter. Todd Asset Management LLC increased its position in shares of Aercap by 1.5% during the third quarter. Todd Asset Management LLC now owns 533,961 shares of the financial services provider’s stock valued at $64,610,000 after acquiring an additional 7,813 shares in the last quarter. Finally, Convergence Investment Partners LLC bought a new stake in shares of Aercap during the fourth quarter valued at approximately $1,520,000. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Aercap Trading Down 2.1%

NYSE:AER opened at $133.76 on Wednesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34. Aercap Holdings N.V. has a 12 month low of $105.65 and a 12 month high of $154.94. The company has a market cap of $22.32 billion, a PE ratio of 5.86, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93. The company has a 50 day simple moving average of $140.93 and a two-hundred day simple moving average of $141.68.

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

Aercap announced that its board has approved a share 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 buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Aercap Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, May 13th. Aercap’s payout ratio is 7.01%.

Analyst Ratings Changes

Several brokerages recently weighed in on AER. 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 raised their price target on shares of Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Barclays raised their price target on shares of Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. TD Cowen raised 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. Finally, Susquehanna raised 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. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.