Aercap Holdings N.V. $AER Shares Sold by Intech Investment Management LLC

Key Points

• Intech Investment Management cut its Aercap stake by 36.4% in the fourth quarter, selling 76,531 shares and leaving it with 133,720 shares worth about $19.2 million.
• Aercap’s stock opened at $138.89 and trades at a relatively low valuation, with a P/E ratio of 6.09 and a market cap of $23.18 billion. The shares have ranged from $105.65 to $154.94 over the past 52 weeks.
• The company reported strong quarterly results with EPS of $5.39 and revenue of $2.30 billion, and it also authorized a $1 billion share buyback while declaring a quarterly dividend of $0.40 per share.

Intech Investment Management LLC lessened its stake in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 36.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,720 shares of the financial services provider's stock after selling 76,531 shares during the quarter. Intech Investment Management LLC owned about 0.07% of Aercap worth $19,224,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Mizuho Markets Cayman LP increased its stake in Aercap by 45,615.5% in the 3rd quarter. Mizuho Markets Cayman LP now owns 3,510,491 shares of the financial services provider's stock valued at $424,769,000 after purchasing an additional 3,502,812 shares in the last quarter. Ninety One UK Ltd raised its stake in shares of Aercap by 1.1% during the 4th quarter. Ninety One UK Ltd now owns 2,804,003 shares of the financial services provider's stock worth $403,103,000 after buying an additional 31,794 shares during the last quarter. WGI DM LLC boosted its position in shares of Aercap by 1.2% in the 4th quarter. WGI DM LLC now owns 2,586,515 shares of the financial services provider's stock worth $371,837,000 after buying an additional 30,703 shares in the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of Aercap by 35.1% in the third quarter. Mawer Investment Management Ltd. now owns 2,093,694 shares of the financial services provider's stock valued at $253,337,000 after purchasing an additional 543,465 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Aercap by 1.3% in the third quarter. Ameriprise Financial Inc. now owns 1,958,577 shares of the financial services provider's stock valued at $237,409,000 after purchasing an additional 25,034 shares in the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

Aercap Stock Performance

Shares of AER stock opened at $138.89 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34. The company has a market cap of $23.18 billion, a PE ratio of 6.09, a P/E/G ratio of 0.99 and a beta of 0.95. The company's fifty day simple moving average is $140.80 and its 200-day simple moving average is $141.65. Aercap Holdings N.V. has a 52 week low of $105.65 and a 52 week high of $154.94.

Aercap (NYSE:AER - Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. The firm had revenue of $2.30 billion during the quarter. As a group, equities research analysts anticipate that Aercap Holdings N.V. will post 17.23 EPS for the current year.

Aercap announced that its Board of Directors has initiated a stock buyback plan on Wednesday, April 29th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Aercap Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Wednesday, May 13th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, May 13th. Aercap's dividend payout ratio (DPR) is presently 7.01%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Susquehanna lifted their price objective on Aercap from $165.00 to $170.00 and gave the stock a "positive" rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their price objective on shares of Aercap from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $175.00 price objective on Aercap and gave the stock a "buy" rating in a report on Tuesday, February 10th. Zacks Research raised Aercap from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 1st. Finally, Morgan Stanley reduced their target price on Aercap from $160.00 to $155.00 and set an "equal weight" rating on the stock in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $163.13.

About Aercap

AerCap Holdings N.V. NYSE: AER is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.

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