Alyeska Investment Group L.P. Buys 875,950 Shares of AerCap Holdings (NYSE:AER)

Alyeska Investment Group L.P. grew its holdings in AerCap Holdings (NYSE:AER - Free Report) by 139.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,505,799 shares of the financial services provider's stock after acquiring an additional 875,950 shares during the quarter. Alyeska Investment Group L.P. owned 0.76% of AerCap worth $144,105,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of AER. B. Riley Wealth Advisors Inc. raised its position in shares of AerCap by 59.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider's stock valued at $1,686,000 after buying an additional 6,654 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in AerCap by 1.0% in the 4th 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 increased its position 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 purchasing an additional 1,900 shares during the period. Franklin Resources Inc. boosted its stake in AerCap by 5.3% during the third quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider's stock worth $545,726,000 after buying an additional 282,980 shares in the last quarter. Finally, Barclays PLC boosted its stake in 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. Institutional investors and hedge funds own 96.42% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AER. JPMorgan Chase & Co. lifted their target price on shares of AerCap from $112.00 to $114.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Bank of America raised their target price on AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. UBS Group lowered AerCap to an "underperform" rating in a research note on Friday, March 7th. Barclays restated an "overweight" rating and issued a $115.00 target price (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Finally, Susquehanna upped their price objective on shares of AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, AerCap currently has a consensus rating of "Moderate Buy" and an average price target of $118.00.

AerCap Trading Up 0.2 %

AerCap stock traded up $0.20 during trading hours on Thursday, reaching $108.14. 493,269 shares of the company's stock traded hands, compared to its average volume of 1,615,514. The firm has a market capitalization of $20.20 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 2.22 and a beta of 1.41. 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 fifty-two week low of $82.21 and a fifty-two week high of $109.05. The firm's 50 day moving average is $99.84 and its 200-day moving average is $97.87.

AerCap (NYSE:AER - Get Free Report) last released its earnings results 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 firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the business earned $3.29 EPS. The business's quarterly revenue was up 2.9% compared to the same quarter last year. On average, analysts predict that AerCap Holdings will post 11.29 earnings per share for the current year.

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

AerCap Dividend Announcement

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 given a $0.27 dividend. 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 1.00%. AerCap's dividend payout ratio is 9.58%.

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.