AerCap Holdings (NYSE:AER) Shares Sold by 140 Summer Partners LP

140 Summer Partners LP decreased its stake in AerCap Holdings (NYSE:AER - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 861,574 shares of the financial services provider's stock after selling 103,766 shares during the quarter. AerCap makes up about 9.9% of 140 Summer Partners LP's holdings, making the stock its 2nd biggest position. 140 Summer Partners LP owned approximately 0.44% of AerCap worth $82,453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Toth Financial Advisory Corp acquired a new stake in AerCap in the fourth quarter valued at approximately $29,000. Pinpoint Asset Management Ltd bought a new stake in AerCap in the fourth quarter worth $35,000. Fortitude Family Office LLC acquired a new position in AerCap during the fourth quarter worth $38,000. Eagle Bay Advisors LLC raised its holdings in AerCap by 1,148.5% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider's stock valued at $121,000 after buying an additional 1,160 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of AerCap by 51.7% in the fourth quarter. Blue Trust Inc. now owns 1,388 shares of the financial services provider's stock worth $131,000 after buying an additional 473 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

AerCap Price Performance

Shares of AER traded up $0.97 during mid-day trading on Wednesday, reaching $108.69. The company had a trading volume of 439,464 shares, compared to its average volume of 1,396,294. The company's 50-day moving average is $99.75 and its 200-day moving average is $97.80. AerCap Holdings has a twelve month low of $82.21 and a twelve month high of $108.90. The company has a market capitalization of $20.30 billion, a P/E ratio of 8.62, a P/E/G ratio of 2.22 and a beta of 1.41. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67.

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

AerCap Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, May 14th. AerCap's payout ratio is currently 9.58%.

AerCap declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 4.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AER. Bank of America increased their price target on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, March 7th. Morgan Stanley raised their price target on AerCap from $101.00 to $111.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. boosted their price objective on AerCap from $112.00 to $114.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Barclays reiterated an "overweight" rating and set a $115.00 price target (up from $113.00) on shares of AerCap in a report on Thursday, February 27th. Finally, Susquehanna raised their price objective on shares of AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.

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.