Benjamin Edwards Inc. Grows Stock Holdings in AerCap Holdings (NYSE:AER)

Benjamin Edwards Inc. grew its stake in AerCap Holdings (NYSE:AER - Free Report) by 345.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,423 shares of the financial services provider's stock after purchasing an additional 15,058 shares during the period. Benjamin Edwards Inc.'s holdings in AerCap were worth $1,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its stake in shares of AerCap by 95.5% in the 3rd quarter. Barclays PLC now owns 91,707 shares of the financial services provider's stock worth $8,687,000 after acquiring an additional 44,797 shares during the last quarter. Tidal Investments LLC increased its position in AerCap by 271.8% during the third quarter. Tidal Investments LLC now owns 8,496 shares of the financial services provider's stock worth $805,000 after purchasing an additional 6,211 shares during the last quarter. Nordea Investment Management AB raised its stake in AerCap by 5.3% during the fourth quarter. Nordea Investment Management AB now owns 19,609 shares of the financial services provider's stock worth $1,899,000 after purchasing an additional 979 shares during the period. Fortitude Family Office LLC acquired a new position in AerCap in the 4th quarter valued at about $38,000. Finally, Fiduciary Alliance LLC purchased a new stake in shares of AerCap in the 4th quarter valued at approximately $2,007,000. Institutional investors and hedge funds own 96.42% of the company's stock.

AerCap Price Performance

Shares of AER opened at $107.97 on Thursday. The company has a market cap of $20.17 billion, a P/E ratio of 8.56, a PEG ratio of 2.22 and a beta of 1.41. AerCap Holdings has a fifty-two week low of $82.21 and a fifty-two week high of $109.00. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm's 50 day moving average price is $99.84 and its 200 day moving average price is $97.87.

AerCap (NYSE:AER - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) 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 analysts' expectations of $2.01 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $3.29 earnings per share. On average, research analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 26th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 4.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

AerCap Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, May 14th. AerCap's dividend payout ratio is presently 9.58%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AER. JPMorgan Chase & Co. lifted 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. UBS Group lowered AerCap to an "underperform" rating in a research note on Friday, March 7th. Morgan Stanley raised their price objective on AerCap from $101.00 to $111.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Susquehanna upped their target price on shares of AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a research report on Thursday, February 27th. Finally, Bank of America lifted their price target on shares of AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, AerCap has a consensus rating of "Moderate Buy" and an average target price of $118.00.

AerCap Company 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.

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