140 Summer Partners LP Has $82.45 Million Holdings in AerCap Holdings (NYSE:AER)

140 Summer Partners LP decreased its stake in shares of AerCap Holdings (NYSE:AER - Free Report) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 861,574 shares of the financial services provider's stock after selling 103,766 shares during the period. AerCap comprises 9.9% of 140 Summer Partners LP's portfolio, making the stock its 2nd largest holding. 140 Summer Partners LP owned about 0.44% of AerCap worth $82,453,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 59 North Capital Management LP raised its position in AerCap by 17.0% in the fourth quarter. 59 North Capital Management LP now owns 3,704,914 shares of the financial services provider's stock worth $354,560,000 after acquiring an additional 538,703 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new stake in AerCap during the 4th quarter worth approximately $13,342,000. PDT Partners LLC purchased a new position in AerCap during the fourth quarter valued at approximately $1,743,000. TOMS Capital Investment Management LP boosted its position in shares of AerCap by 118.8% in the fourth quarter. TOMS Capital Investment Management LP now owns 1,398,000 shares of the financial services provider's stock worth $133,789,000 after purchasing an additional 759,000 shares during the period. Finally, Ion Asset Management Ltd. increased its stake in shares of AerCap by 6.8% in the fourth quarter. Ion Asset Management Ltd. now owns 1,166,158 shares of the financial services provider's stock worth $111,601,000 after purchasing an additional 74,532 shares in the last quarter. 96.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

AerCap Stock Performance

NYSE:AER opened at $105.79 on Friday. AerCap Holdings has a fifty-two week low of $82.21 and a fifty-two week high of $110.70. The firm has a market capitalization of $19.76 billion, a PE ratio of 8.38, a PEG ratio of 2.22 and a beta of 1.46. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The stock's fifty day moving average is $99.43 and its 200 day moving average is $97.60.

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

AerCap announced that its board has authorized a stock buyback plan on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

AerCap Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 14th will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.02%. AerCap's payout ratio is 9.99%.

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.

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