Hudson Bay Capital Management LP Takes $7.47 Million Position in AerCap Holdings (NYSE:AER)

Hudson Bay Capital Management LP purchased a new stake in shares of AerCap Holdings (NYSE:AER - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 78,000 shares of the financial services provider's stock, valued at approximately $7,465,000.

Other institutional investors have also recently made changes to their positions in the company. Toth Financial Advisory Corp purchased a new stake in shares of AerCap during the fourth quarter valued at approximately $29,000. Pinpoint Asset Management Ltd purchased a new stake in shares of AerCap during the fourth quarter valued at approximately $35,000. Eagle Bay Advisors LLC grew its holdings in shares of 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 during the last quarter. Blue Trust Inc. grew its holdings in shares of AerCap by 51.7% during the fourth quarter. Blue Trust Inc. now owns 1,388 shares of the financial services provider's stock valued at $131,000 after buying an additional 473 shares during the last quarter. Finally, CoreCap Advisors LLC grew its holdings in shares of AerCap by 104.3% during the fourth quarter. CoreCap Advisors LLC now owns 1,949 shares of the financial services provider's stock valued at $187,000 after buying an additional 995 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.

AerCap Price Performance

NYSE AER traded down $0.35 on Friday, reaching $113.24. The company had a trading volume of 1,696,339 shares, compared to its average volume of 1,389,279. AerCap Holdings has a 12 month low of $82.21 and a 12 month high of $114.33. The stock has a market capitalization of $21.15 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 2.22 and a beta of 1.41. The firm's 50 day moving average price is $101.55 and its 200 day moving average price is $98.66. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89.

AerCap (NYSE:AER - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.68 EPS 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 business had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period last year, the company posted $3.29 EPS. The business's revenue was up 2.9% on a year-over-year basis. As a group, equities analysts predict that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap declared that its board has approved a share repurchase program on Wednesday, February 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to purchase up to 4.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

AerCap Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 14th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.95%. AerCap's dividend payout ratio is presently 9.58%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AER shares. Morgan Stanley increased their price target on shares of AerCap from $101.00 to $111.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Barclays restated an "overweight" rating and issued a $115.00 target price (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. Susquehanna raised their target price on shares of AerCap from $120.00 to $130.00 and gave the stock a "positive" rating in a report on Tuesday. JPMorgan Chase & Co. lifted their price target 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. Finally, Bank of America raised their price objective on shares of AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, AerCap has a consensus rating of "Moderate Buy" and an average target price of $119.25.

About AerCap

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.