Versant Capital Management Inc Boosts Stock Holdings in AerCap Holdings (NYSE:AER)

Versant Capital Management Inc boosted its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 14,194.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,430 shares of the financial services provider's stock after acquiring an additional 2,413 shares during the period. Versant Capital Management Inc's holdings in AerCap were worth $248,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its stake in shares of AerCap by 7.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 4,344 shares of the financial services provider's stock valued at $444,000 after buying an additional 312 shares in the last quarter. California State Teachers Retirement System increased its stake in AerCap by 11.9% in the fourth quarter. California State Teachers Retirement System now owns 253,056 shares of the financial services provider's stock valued at $24,217,000 after acquiring an additional 27,006 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in AerCap by 17.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,501 shares of the financial services provider's stock worth $2,345,000 after purchasing an additional 3,715 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new position in AerCap in the fourth quarter worth about $6,178,000. Finally, Siemens Fonds Invest GmbH lifted its stake in AerCap by 38.9% during the fourth quarter. Siemens Fonds Invest GmbH now owns 7,237 shares of the financial services provider's stock worth $691,000 after purchasing an additional 2,026 shares during the period. 96.42% of the stock is currently owned by institutional investors.

AerCap Price Performance

AER traded up $0.24 on Wednesday, reaching $115.91. The stock had a trading volume of 383,403 shares, compared to its average volume of 1,381,950. The firm has a 50-day moving average of $104.34 and a 200-day moving average of $100.16. The company has a market capitalization of $21.65 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth 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 $116.21. 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 (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. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.01 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The firm's revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.29 EPS. As a group, sell-side analysts anticipate that AerCap Holdings will post 11.29 EPS for the current year.

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 paid 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 yield of 0.93%. AerCap's dividend payout ratio is currently 9.58%.

AerCap announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Susquehanna upped their price objective on AerCap from $120.00 to $130.00 and gave the company a "positive" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. lifted their target price on shares of AerCap from $112.00 to $114.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Morgan Stanley boosted their target price on AerCap from $101.00 to $111.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. Bank of America raised their price target on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, March 7th. Finally, Barclays reissued an "overweight" rating and issued a $115.00 price objective (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. One investment 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's stock. According to MarketBeat.com, AerCap currently has an average rating of "Moderate Buy" and an average target price 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.