Rhumbline Advisers Raises Stake in AerCap Holdings (NYSE:AER)

Rhumbline Advisers grew its stake in shares of AerCap Holdings (NYSE:AER) by 10.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,486 shares of the financial services provider’s stock after purchasing an additional 5,137 shares during the quarter. Rhumbline Advisers’ holdings in AerCap were worth $5,771,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. 59 North Capital Management LP boosted its stake in shares of AerCap by 17.0% during the fourth quarter. 59 North Capital Management LP now owns 3,704,914 shares of the financial services provider’s stock valued at $354,560,000 after purchasing an additional 538,703 shares during the period. Lyrical Asset Management LP boosted its stake in shares of AerCap by 1.3% during the fourth quarter. Lyrical Asset Management LP now owns 3,097,840 shares of the financial services provider’s stock valued at $296,463,000 after purchasing an additional 38,264 shares during the period. Cooke & Bieler LP boosted its stake in shares of AerCap by 3.0% during the fourth quarter. Cooke & Bieler LP now owns 2,934,185 shares of the financial services provider’s stock valued at $280,802,000 after purchasing an additional 86,548 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in AerCap by 22.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,608,099 shares of the financial services provider’s stock worth $249,595,000 after acquiring an additional 485,999 shares during the period. Finally, Norges Bank purchased a new stake in AerCap in the fourth quarter worth about $218,517,000. 96.42% of the stock is owned by hedge funds and other institutional investors.

AerCap Stock Performance

AER stock opened at $116.22 on Friday. The firm has a market cap of $21.71 billion, a price-to-earnings ratio of 9.21, a PEG ratio of 2.22 and a beta of 1.39. The firm has a 50-day simple moving average of $106.80 and a two-hundred day simple moving average of $101.06. AerCap Holdings has a one year low of $82.21 and a one year high of $118.07. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67.

AerCap (NYSE:AER) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 EPS for the quarter, beating the consensus estimate of $2.69 by $0.99. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.01 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.29 earnings per share. On average, equities analysts forecast that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap declared that its board has initiated a stock buyback plan on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 4.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

AerCap Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Wednesday, May 14th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Wednesday, May 14th. AerCap’s payout ratio is 9.58%.

Wall Street Analyst Weigh In

AER has been the subject of a number of research reports. Morgan Stanley upped their price objective on shares of AerCap from $101.00 to $111.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 1st. Barclays reaffirmed an “overweight” rating and issued a $115.00 price objective (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. UBS Group lowered shares of AerCap to an “underperform” rating in a research note on Friday, March 7th. Bank of America upped their price objective on shares of AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, Susquehanna upped their price objective on shares of AerCap from $120.00 to $130.00 and gave the stock a “positive” rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.25.

AerCap Company Profile

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.