Cresset Asset Management LLC Has $708,000 Stock Holdings in AerCap Holdings (NYSE:AER)

Cresset Asset Management LLC lessened its stake in shares of AerCap Holdings (NYSE:AER - Free Report) by 96.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,400 shares of the financial services provider's stock after selling 184,440 shares during the quarter. Cresset Asset Management LLC's holdings in AerCap were worth $708,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Toth Financial Advisory Corp bought a new position in AerCap during the fourth quarter worth about $29,000. Pinpoint Asset Management Ltd bought a new position in AerCap during the fourth quarter worth about $35,000. Eagle Bay Advisors LLC increased its position in 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 worth $121,000 after acquiring an additional 1,160 shares during the period. Blue Trust Inc. increased its position in AerCap by 51.7% during the fourth 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 during the period. Finally, Intrust Bank NA bought a new position in AerCap during the fourth quarter worth about $202,000. 96.42% of the stock is owned by institutional investors.

AerCap Trading Up 0.7%

AER opened at $112.08 on Wednesday. The company's 50 day moving average is $100.61 and its 200-day moving average is $98.29. 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 1-year low of $82.21 and a 1-year high of $113.10. The company has a market cap of $20.93 billion, a P/E ratio of 8.88, a PEG ratio of 2.22 and a beta of 1.41.

AerCap (NYSE:AER - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $0.99. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The firm 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 firm posted $3.29 EPS. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts predict that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap announced that its board has authorized a share buyback program on Wednesday, February 26th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 4.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

AerCap Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders 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 yield of 0.96%. The ex-dividend date is Wednesday, May 14th. AerCap's payout ratio is 9.58%.

Analyst Ratings Changes

A number of equities analysts recently commented on AER shares. UBS Group lowered shares of AerCap to an "underperform" rating in a research report on Friday, March 7th. Bank of America raised 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. Morgan Stanley raised their target price on shares of AerCap from $101.00 to $111.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. raised their target price on shares of AerCap from $112.00 to $114.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Barclays reissued an "overweight" rating and issued a $115.00 target price (up from $113.00) on shares of AerCap in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $119.25.

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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