Barclays PLC Cuts Stock Holdings in AerCap Holdings (NYSE:AER)

Barclays PLC cut its holdings in AerCap Holdings (NYSE:AER - Free Report) by 37.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,340 shares of the financial services provider's stock after selling 34,367 shares during the quarter. Barclays PLC's holdings in AerCap were worth $5,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AER. Toth Financial Advisory Corp bought a new stake in shares of AerCap in the 4th quarter worth approximately $29,000. Pinpoint Asset Management Ltd bought a new stake in AerCap in the fourth quarter valued at $35,000. Fortitude Family Office LLC purchased a new position in AerCap during the 4th quarter valued at $38,000. Eagle Bay Advisors LLC raised its holdings in AerCap by 1,148.5% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider's stock worth $121,000 after purchasing 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 4th quarter. Blue Trust Inc. now owns 1,388 shares of the financial services provider's stock worth $131,000 after purchasing an additional 473 shares during the period. Hedge funds and other institutional investors own 96.42% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AER. Morgan Stanley dropped their price target on AerCap from $112.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Susquehanna upped their price objective on AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a research report on Thursday, February 27th. Bank of America boosted their price target on AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Barclays restated an "overweight" rating and set a $115.00 price objective (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Finally, UBS Group cut AerCap to an "underperform" rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $117.14.

AerCap Stock Performance

Shares of NYSE AER traded up $0.04 during trading on Thursday, hitting $106.04. The company had a trading volume of 322,630 shares, compared to its average volume of 1,401,779. The stock has a 50 day simple moving average of $99.35 and a 200 day simple moving average of $97.54. The firm has a market capitalization of $19.81 billion, a P/E ratio of 8.40, a price-to-earnings-growth 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. AerCap Holdings has a 12 month low of $82.21 and a 12 month high of $108.49.

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

AerCap Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders 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 is a boost from AerCap's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.02%. AerCap's dividend payout ratio (DPR) is currently 9.99%.

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

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.