Bank of America Corp DE Decreases Position in AerCap Holdings (NYSE:AER)

Bank of America Corp DE lessened its holdings in AerCap Holdings (NYSE:AER - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,602,334 shares of the financial services provider's stock after selling 93,759 shares during the quarter. Bank of America Corp DE owned about 0.81% of AerCap worth $153,343,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Barclays PLC lifted its position in shares of AerCap by 95.5% during the 3rd quarter. Barclays PLC now owns 91,707 shares of the financial services provider's stock valued at $8,687,000 after buying an additional 44,797 shares in the last quarter. Tidal Investments LLC lifted its holdings in AerCap by 271.8% in the 3rd quarter. Tidal Investments LLC now owns 8,496 shares of the financial services provider's stock valued at $805,000 after purchasing an additional 6,211 shares in the last quarter. Nordea Investment Management AB lifted its holdings in AerCap by 5.3% in the 4th quarter. Nordea Investment Management AB now owns 19,609 shares of the financial services provider's stock valued at $1,899,000 after purchasing an additional 979 shares in the last quarter. Fortitude Family Office LLC purchased a new position in AerCap in the 4th quarter valued at $38,000. Finally, Fiduciary Alliance LLC purchased a new position in AerCap in the 4th quarter valued at $2,007,000. Institutional investors and hedge funds own 96.42% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AER shares. UBS Group lowered AerCap to an "underperform" rating in a report on Friday, March 7th. Morgan Stanley lifted their price target on AerCap from $101.00 to $111.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. Barclays reiterated an "overweight" rating and set a $115.00 price target (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. Susquehanna lifted their price target on AerCap from $120.00 to $130.00 and gave the stock a "positive" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on AerCap from $112.00 to $114.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. One investment 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $119.25.

AerCap Stock Up 0.8%

Shares of AerCap stock traded up $0.93 on Thursday, reaching $113.65. 569,020 shares of the company were exchanged, compared to its average volume of 1,388,637. AerCap Holdings has a 1-year low of $82.21 and a 1-year high of $114.28. The company has a market cap of $21.23 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 2.22 and a beta of 1.41. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The stock's 50 day moving average price is $100.87 and its 200-day moving average price is $98.38.

AerCap (NYSE:AER - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.01 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.29 earnings per share. As a group, equities analysts forecast that AerCap Holdings will post 11.29 EPS for the current year.

AerCap Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 14th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, May 14th. AerCap's dividend payout ratio is currently 9.58%.

AerCap announced that its Board of Directors has authorized a stock buyback plan 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 buy up to 4.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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.