Ritholtz Wealth Management Grows Position in Aercap Holdings N.V. (NYSE:AER)

Ritholtz Wealth Management raised its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 22.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,676 shares of the financial services provider’s stock after buying an additional 2,160 shares during the quarter. Ritholtz Wealth Management’s holdings in Aercap were worth $1,193,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AER. Bensler LLC grew its holdings in shares of Aercap by 52.4% in the first quarter. Bensler LLC now owns 37,404 shares of the financial services provider’s stock valued at $3,822,000 after purchasing an additional 12,867 shares during the period. Fifth Third Bancorp grew its holdings in shares of Aercap by 3.2% in the first quarter. Fifth Third Bancorp now owns 7,753 shares of the financial services provider’s stock valued at $792,000 after purchasing an additional 239 shares during the period. Transform Wealth LLC grew its holdings in shares of Aercap by 15.4% in the first quarter. Transform Wealth LLC now owns 146,854 shares of the financial services provider’s stock valued at $15,043,000 after purchasing an additional 19,646 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Aercap by 10.6% in the first quarter. Assenagon Asset Management S.A. now owns 609,833 shares of the financial services provider’s stock valued at $62,307,000 after purchasing an additional 58,371 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of Aercap by 886.5% in the first quarter. SG Americas Securities LLC now owns 456,346 shares of the financial services provider’s stock valued at $46,625,000 after purchasing an additional 410,085 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

AER has been the subject of a number of analyst reports. Susquehanna upped their price objective on shares of Aercap from $120.00 to $130.00 and gave the company a “positive” rating in a report on Tuesday, May 13th. Barclays reissued an “overweight” rating and issued a $115.00 price objective (up previously from $113.00) on shares of Aercap in a report on Thursday, February 27th. JPMorgan Chase & Co. increased their target price on shares of Aercap from $112.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. UBS Group lowered shares of Aercap to an “underperform” rating in a research note on Friday, March 7th. Finally, Morgan Stanley increased their target price 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.25.

Aercap Trading Down 0.6%

Shares of AER stock opened at $115.16 on Wednesday. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a market cap of $21.51 billion, a PE ratio of 10.22, a price-to-earnings-growth ratio of 2.36 and a beta of 1.39. The company has a 50-day moving average of $108.28 and a two-hundred day moving average of $101.41. Aercap Holdings N.V. has a 1-year low of $82.21 and a 1-year high of $118.07.

Aercap (NYSE:AER) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.99. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Aercap had a net margin of 26.53% and a return on equity of 13.84%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.29 earnings per share. On average, analysts predict that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 26th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 4.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Aercap Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Wednesday, May 14th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.94%. The ex-dividend date was Wednesday, May 14th. Aercap’s payout ratio is currently 9.58%.

Aercap 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.