Bridgefront Capital LLC Makes New $542,000 Investment in AerCap Holdings (NYSE:AER)

Bridgefront Capital LLC acquired a new stake in shares of AerCap Holdings (NYSE:AER - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,667 shares of the financial services provider's stock, valued at approximately $542,000.

Several other hedge funds have also recently modified their holdings of the stock. Toth Financial Advisory Corp purchased a new stake in AerCap in the 4th quarter worth $29,000. Pinpoint Asset Management Ltd purchased a new position in AerCap during the fourth quarter worth $35,000. Fortitude Family Office LLC bought a new position in AerCap during the 4th quarter valued at about $38,000. Eagle Bay Advisors LLC grew its stake in shares of AerCap by 1,148.5% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider's stock valued at $121,000 after buying an additional 1,160 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in AerCap by 51.7% in the fourth 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.

AerCap Stock Up 1.0 %

Shares of AER stock traded up $1.04 during mid-day trading on Friday, hitting $109.48. 1,865,429 shares of the stock traded hands, compared to its average volume of 1,389,755. The stock's fifty day moving average is $100.21 and its two-hundred day moving average is $98.06. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. AerCap Holdings has a 52-week low of $82.21 and a 52-week high of $109.59. The stock has a market cap of $20.45 billion, a P/E ratio of 8.68, a P/E/G ratio of 2.22 and a beta of 1.41.

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

AerCap announced that its board has authorized a stock repurchase program on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management 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 issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, May 14th. This represents a $1.08 annualized dividend and a dividend yield of 0.99%. AerCap's dividend payout ratio (DPR) is currently 9.58%.

Wall Street Analysts Forecast Growth

AER has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective 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. Morgan Stanley raised their price objective on AerCap from $101.00 to $111.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. UBS Group cut AerCap to an "underperform" rating in a report on Friday, March 7th. Susquehanna raised their price target on AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a research note on Thursday, February 27th. Finally, Barclays reaffirmed an "overweight" rating and issued a $115.00 price objective (up from $113.00) on shares of AerCap 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 given a buy rating to the company. According to MarketBeat, AerCap currently has an average 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.