Aercap Holdings N.V. $AER Stake Lowered by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. reduced its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,082,705 shares of the financial services provider’s stock after selling 41,823 shares during the period. Aercap accounts for 8.3% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its biggest holding. Donald Smith & CO. Inc. owned 1.65% of Aercap worth $443,170,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Arbejdsmarkedets Tillaegspension acquired a new position in Aercap during the 4th quarter worth $23,935,000. Citigroup Inc. lifted its position in Aercap by 12.7% during the 3rd quarter. Citigroup Inc. now owns 176,919 shares of the financial services provider’s stock worth $21,407,000 after acquiring an additional 19,975 shares during the last quarter. Convergence Investment Partners LLC acquired a new position in Aercap during the 4th quarter worth $1,520,000. Alberta Investment Management Corp lifted its position in Aercap by 142.4% during the 3rd quarter. Alberta Investment Management Corp now owns 38,300 shares of the financial services provider’s stock worth $4,634,000 after acquiring an additional 22,500 shares during the last quarter. Finally, Todd Asset Management LLC lifted its position in Aercap by 1.5% during the 3rd quarter. Todd Asset Management LLC now owns 533,961 shares of the financial services provider’s stock worth $64,610,000 after acquiring an additional 7,813 shares during the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AER has been the subject of a number of research analyst reports. TD Cowen boosted their target price on shares of Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings lowered shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, May 26th. Barclays boosted their target price on shares of Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. 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 research report on Thursday, April 30th. Finally, Zacks Research lowered shares of Aercap from a “strong-buy” rating to a “hold” rating in a research 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $163.13.

Aercap Stock Down 3.2%

Shares of AER opened at $134.58 on Thursday. The company has a 50-day simple moving average of $141.12 and a 200-day simple moving average of $141.75. The firm has a market capitalization of $22.46 billion, a P/E ratio of 5.90, a P/E/G ratio of 0.97 and a beta of 0.93. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.24. Aercap Holdings N.V. has a 52 week low of $105.65 and a 52 week high of $154.94.

Aercap (NYSE:AER) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. The business had revenue of $2.30 billion during the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. On average, equities research analysts expect that Aercap Holdings N.V. will post 17.23 earnings per share for the current year.

Aercap Dividend Announcement

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

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

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.