Caisse DE Depot ET Placement DU Quebec Acquires Shares of 139,417 AerCap Holdings (NYSE:AER)

Caisse DE Depot ET Placement DU Quebec bought a new stake in AerCap Holdings (NYSE:AER - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 139,417 shares of the financial services provider's stock, valued at approximately $13,342,000. Caisse DE Depot ET Placement DU Quebec owned about 0.07% of AerCap at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Toth Financial Advisory Corp purchased a new position in shares of AerCap during the 4th quarter worth approximately $29,000. Pinpoint Asset Management Ltd purchased a new position in shares of AerCap during the fourth quarter worth $35,000. Fortitude Family Office LLC acquired a new stake in shares of AerCap in the fourth quarter valued at $38,000. Eagle Bay Advisors LLC raised its holdings in shares of AerCap by 1,148.5% in the 4th 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 period. Finally, Blue Trust Inc. lifted its stake in AerCap by 51.7% during the 4th quarter. Blue Trust Inc. now owns 1,388 shares of the financial services provider's stock worth $131,000 after acquiring an additional 473 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on AER shares. UBS Group lowered shares of AerCap to an "underperform" rating in a research note on Friday, March 7th. Bank of America raised 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. Susquehanna increased their price objective on AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. boosted their target price on AerCap from $112.00 to $114.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Morgan Stanley lifted their price objective on AerCap from $101.00 to $111.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $118.00.

AerCap Stock Up 0.2 %

AerCap stock traded up $0.18 during mid-day trading on Tuesday, hitting $107.81. The company had a trading volume of 1,152,101 shares, compared to its average volume of 1,400,037. The stock has a market cap of $20.14 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 2.22 and a beta of 1.41. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a 1 year low of $82.21 and a 1 year high of $108.73. The business has a fifty day moving average of $99.75 and a 200 day moving average of $97.80.

AerCap (NYSE:AER - Get Free Report) last released 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. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the firm posted $3.29 earnings per share. AerCap's revenue for the quarter was up 2.9% on a year-over-year basis. On average, sell-side analysts expect that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th will be issued 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 payout ratio is 9.58%.

AerCap announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 4.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

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.