Aristotle Capital Management LLC Sells 3,338 Shares of Aercap Holdings N.V. $AER

Aristotle Capital Management LLC cut its holdings in Aercap Holdings N.V. (NYSE:AER) by 12.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,355 shares of the financial services provider’s stock after selling 3,338 shares during the period. Aristotle Capital Management LLC’s holdings in Aercap were worth $3,341,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in shares of Aercap by 3.7% during the 4th quarter. State Street Corp now owns 5,112,626 shares of the financial services provider’s stock worth $735,003,000 after purchasing an additional 184,425 shares in the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of Aercap by 56.3% during the 4th quarter. Mawer Investment Management Ltd. now owns 3,272,935 shares of the financial services provider’s stock worth $470,517,000 after acquiring an additional 1,179,241 shares during the period. Ninety One UK Ltd lifted its holdings in shares of Aercap by 1.1% during the 4th quarter. Ninety One UK Ltd now owns 2,804,003 shares of the financial services provider’s stock worth $403,103,000 after acquiring an additional 31,794 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Aercap by 2.7% during the 4th quarter. JPMorgan Chase & Co. now owns 2,738,772 shares of the financial services provider’s stock worth $393,726,000 after acquiring an additional 71,923 shares in the last quarter. Finally, WGI DM LLC boosted its position in shares of Aercap by 1.2% during the 4th quarter. WGI DM LLC now owns 2,586,515 shares of the financial services provider’s stock worth $371,837,000 after acquiring an additional 30,703 shares in the last quarter. 96.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Aercap from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Barclays upped their price objective on shares of Aercap from $164.00 to $179.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Truist Financial raised their target price on shares of Aercap from $161.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Citigroup assumed coverage on shares of Aercap in a research note on Monday. They set a “buy” rating and a $173.00 target price on the stock. Finally, Weiss Ratings upgraded shares of Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, July 8th. Two investment 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $168.67.

Aercap Stock Up 1.9%

Aercap stock opened at $151.33 on Friday. Aercap Holdings N.V. has a fifty-two week low of $105.65 and a fifty-two week high of $155.99. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.24. The firm’s 50-day simple moving average is $143.77 and its 200 day simple moving average is $143.36. The stock has a market cap of $25.25 billion, a PE ratio of 6.63, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94.

Aercap (NYSE:AER) last released its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%.The company had revenue of $2.30 billion for the quarter. Research analysts predict that Aercap Holdings N.V. will post 17.39 EPS for the current fiscal year.

Aercap Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were paid a $0.40 dividend. 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 payout ratio is currently 7.01%.

Aercap announced that its board has initiated a stock repurchase 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 typically an indication that the company’s leadership believes its stock is undervalued.

Aercap Company 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.