AerCap Holdings (NYSE:AER) is 59 North Capital Management LP's Largest Position

59 North Capital Management LP grew its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 17.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,704,914 shares of the financial services provider's stock after purchasing an additional 538,703 shares during the period. AerCap makes up about 16.6% of 59 North Capital Management LP's holdings, making the stock its biggest position. 59 North Capital Management LP owned approximately 1.87% of AerCap worth $354,560,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. B. Riley Wealth Advisors Inc. increased its stake in shares of AerCap by 59.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider's stock worth $1,686,000 after purchasing an additional 6,654 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of AerCap by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 446,303 shares of the financial services provider's stock valued at $42,711,000 after acquiring an additional 4,222 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of AerCap by 11.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 18,664 shares of the financial services provider's stock valued at $1,786,000 after acquiring an additional 1,900 shares during the last quarter. Franklin Resources Inc. raised its stake in AerCap by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider's stock valued at $545,726,000 after purchasing an additional 282,980 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of AerCap by 95.5% during the third quarter. Barclays PLC now owns 91,707 shares of the financial services provider's stock worth $8,687,000 after buying an additional 44,797 shares in the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on AER shares. Bank of America upped their target price on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. upped their price target on shares of AerCap from $112.00 to $114.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. UBS Group lowered shares of AerCap to an "underperform" rating in a report on Friday, March 7th. Morgan Stanley increased their target price on AerCap from $101.00 to $111.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Finally, Susquehanna boosted their price target on AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, AerCap has a consensus rating of "Moderate Buy" and a consensus target price of $118.00.

AerCap Stock Up 0.9 %

Shares of NYSE AER traded up $0.98 on Wednesday, hitting $108.70. The company had a trading volume of 439,464 shares, compared to its average volume of 1,396,289. The firm has a market capitalization of $20.30 billion, a P/E ratio of 8.62, a PEG ratio of 2.22 and a beta of 1.41. 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 Holdings has a 12-month low of $82.21 and a 12-month high of $108.90. The business has a 50 day moving average of $99.75 and a two-hundred day moving average of $97.80.

AerCap (NYSE:AER - Get Free Report) last released its quarterly earnings results 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 return on equity of 13.98% and a net margin of 32.38%. The firm had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter in the prior year, the business earned $3.29 EPS. AerCap's quarterly revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

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

AerCap Announces Dividend

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

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.