Aristotle Capital Boston LLC Sells 88,474 Shares of AerCap Holdings (NYSE:AER)

Aristotle Capital Boston LLC trimmed its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 11.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 663,154 shares of the financial services provider's stock after selling 88,474 shares during the period. AerCap comprises about 2.4% of Aristotle Capital Boston LLC's portfolio, making the stock its 4th biggest position. Aristotle Capital Boston LLC owned 0.34% of AerCap worth $63,464,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AER. Norges Bank purchased a new stake in shares of AerCap in the 4th quarter valued at approximately $218,517,000. TOMS Capital Investment Management LP grew its stake in shares of AerCap by 118.8% during the fourth quarter. TOMS Capital Investment Management LP now owns 1,398,000 shares of the financial services provider's stock worth $133,789,000 after purchasing an additional 759,000 shares in the last quarter. Northern Trust Corp increased its holdings in AerCap by 90.9% in the fourth quarter. Northern Trust Corp now owns 1,396,937 shares of the financial services provider's stock valued at $133,687,000 after buying an additional 664,990 shares during the last quarter. 59 North Capital Management LP raised its stake in AerCap by 17.0% in the fourth quarter. 59 North Capital Management LP now owns 3,704,914 shares of the financial services provider's stock valued at $354,560,000 after buying an additional 538,703 shares in the last quarter. Finally, KBC Group NV lifted its holdings in AerCap by 137.8% during the 4th quarter. KBC Group NV now owns 834,452 shares of the financial services provider's stock worth $79,857,000 after buying an additional 483,564 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

AerCap Stock Performance

Shares of AER traded up $0.18 during mid-day trading on Tuesday, hitting $107.81. 1,152,101 shares of the company's stock were exchanged, compared to its average volume of 1,400,037. 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 Holdings has a fifty-two week low of $82.21 and a fifty-two week high of $108.73. The business's 50 day moving average is $99.75 and its two-hundred day moving average is $97.80. The firm has a market capitalization of $20.14 billion, a P/E ratio of 8.54, a P/E/G ratio of 2.22 and a beta of 1.41.

AerCap (NYSE:AER - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the company posted $3.29 earnings per share. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities analysts expect that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, May 14th. AerCap's dividend payout ratio (DPR) is presently 9.58%.

AerCap declared that its board has initiated a stock 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 typically a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms recently weighed in on AER. Barclays restated an "overweight" rating and set a $115.00 target price (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Bank of America upped their target price on shares of AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, March 7th. Susquehanna lifted their price target 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. JPMorgan Chase & Co. boosted their price target 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. Finally, UBS Group cut AerCap to an "underperform" rating in a research report on Friday, March 7th. One equities 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $118.00.

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.