Boothbay Fund Management LLC Boosts Stock Position in AerCap Holdings (NYSE:AER)

Boothbay Fund Management LLC increased its stake in AerCap Holdings (NYSE:AER - Free Report) by 125.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,452 shares of the financial services provider's stock after acquiring an additional 56,467 shares during the quarter. Boothbay Fund Management LLC owned about 0.05% of AerCap worth $9,709,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AER. Norges Bank acquired a new position in AerCap in the fourth quarter valued at approximately $218,517,000. KBC Group NV lifted its stake in AerCap by 137.8% in the fourth quarter. KBC Group NV now owns 834,452 shares of the financial services provider's stock valued at $79,857,000 after buying an additional 483,564 shares during the period. JPMorgan Chase & Co. lifted its stake in AerCap by 43.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,599,032 shares of the financial services provider's stock valued at $153,027,000 after buying an additional 483,428 shares during the period. River Road Asset Management LLC lifted its stake in AerCap by 896.4% in the fourth quarter. River Road Asset Management LLC now owns 391,506 shares of the financial services provider's stock valued at $37,467,000 after buying an additional 352,215 shares during the period. Finally, Franklin Resources Inc. lifted its stake in AerCap by 5.3% in the third quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider's stock valued at $545,726,000 after buying an additional 282,980 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Stock Up 0.2 %

AerCap stock traded up $0.18 during trading on Thursday, hitting $106.18. 735,756 shares of the company were exchanged, compared to its average volume of 1,631,517. The business's 50 day moving average is $99.35 and its 200 day moving average is $97.54. AerCap Holdings has a 52 week low of $82.21 and a 52 week high of $108.49. The company has a market capitalization of $19.83 billion, a P/E ratio of 8.41, a PEG ratio of 2.22 and a beta of 1.46. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89.

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

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

AerCap Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.08 annualized dividend and a yield of 1.02%. This is an increase from AerCap's previous quarterly dividend of $0.25. AerCap's dividend payout ratio is 9.99%.

Wall Street Analyst Weigh In

AER has been the topic of several recent analyst reports. Susquehanna boosted their price target on AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. boosted their price target on AerCap from $112.00 to $114.00 and gave the company an "overweight" rating in a research note on Thursday. UBS Group downgraded AerCap to an "underperform" rating in a report on Friday, March 7th. Morgan Stanley boosted their price objective on AerCap from $101.00 to $111.00 and gave the company an "equal weight" rating in a report on Thursday. Finally, Barclays restated an "overweight" rating and set a $115.00 price objective (up previously from $113.00) on shares of AerCap in a 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $118.00.

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.