Aercap Holdings N.V. $AER Position Raised by Bessemer Group Inc.

Bessemer Group Inc. grew its position in shares of Aercap Holdings N.V. (NYSE:AER) by 642.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,240 shares of the financial services provider’s stock after acquiring an additional 3,669 shares during the quarter. Bessemer Group Inc.’s holdings in Aercap were worth $581,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of AER. Harbor Capital Advisors Inc. bought a new stake in Aercap during the 4th quarter valued at $27,000. Greenline Wealth Management LLC bought a new stake in shares of Aercap during the fourth quarter valued at about $30,000. Advisory Services Network LLC acquired a new stake in Aercap in the third quarter worth about $35,000. Cedar Mountain Advisors LLC bought a new position in Aercap in the 1st quarter valued at about $44,000. Finally, GAMMA Investing LLC grew its position in Aercap by 36.5% in the 4th 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.

Aercap Price Performance

Shares of Aercap stock opened at $151.33 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34. The firm has a fifty day simple moving average of $143.77 and a 200-day simple moving average of $143.36. The stock has a market capitalization of $25.25 billion, a price-to-earnings ratio of 6.63, a PEG ratio of 1.03 and a beta of 0.94. Aercap Holdings N.V. has a 1-year low of $105.65 and a 1-year high of $155.99.

Aercap (NYSE:AER) last posted 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 business had revenue of $2.30 billion during the quarter. On average, sell-side analysts expect that Aercap Holdings N.V. will post 17.39 earnings per share for the current year.

Aercap declared that its board has approved a stock buyback program on Wednesday, April 29th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Aercap Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Susquehanna boosted their target price on shares of Aercap from $170.00 to $176.00 and gave the stock a “positive” rating in a report on Tuesday, July 7th. Morgan Stanley reduced their target price on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. JPMorgan Chase & Co. lifted their price target on shares of Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Zacks Research raised Aercap from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Finally, Barclays increased their price objective on Aercap from $164.00 to $179.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $168.67.

Aercap Profile

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.