Aercap Holdings N.V. $AER Shares Sold by Dorsey Asset Management LLC

Dorsey Asset Management LLC lowered its stake in Aercap Holdings N.V. (NYSE:AER) by 3.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,215,059 shares of the financial services provider’s stock after selling 48,939 shares during the quarter. Aercap comprises about 15.2% of Dorsey Asset Management LLC’s holdings, making the stock its 3rd largest position. Dorsey Asset Management LLC’s holdings in Aercap were worth $174,677,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AER. Harbor Capital Advisors Inc. acquired a new stake in shares of Aercap in the fourth quarter valued at about $27,000. Greenline Wealth Management LLC acquired a new stake in shares of Aercap in the fourth quarter valued at about $30,000. Advisory Services Network LLC acquired a new stake in shares of Aercap in the third quarter valued at about $35,000. Geneos Wealth Management Inc. grew its stake in shares of Aercap by 26.6% in the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after buying an additional 94 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Aercap by 36.5% in the fourth quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock valued at $52,000 after buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AER shares. Morgan Stanley lowered their target price on Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Weiss Ratings lowered Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. Zacks Research lowered Aercap from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. TD Cowen raised their price objective on Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Barclays raised their price objective on Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Aercap presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.13.

Aercap Price Performance

Shares of NYSE AER opened at $142.87 on Wednesday. Aercap Holdings N.V. has a fifty-two week low of $105.65 and a fifty-two week high of $154.94. The business has a 50 day moving average price of $141.26 and a two-hundred day moving average price of $141.99. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34. The firm has a market cap of $23.84 billion, a PE ratio of 6.26, a price-to-earnings-growth ratio of 0.99 and a beta of 0.93.

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

Aercap Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, May 13th. Aercap’s dividend payout ratio (DPR) is 7.01%.

Aercap declared that its Board of Directors has approved a stock repurchase program on Wednesday, April 29th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are 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.