Nuveen Asset Management LLC Purchases 28,784 Shares of AerCap Holdings (NYSE:AER)

Nuveen Asset Management LLC boosted its holdings in AerCap Holdings (NYSE:AER - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 555,062 shares of the financial services provider's stock after buying an additional 28,784 shares during the quarter. Nuveen Asset Management LLC owned 0.28% of AerCap worth $53,119,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC grew its stake in shares of AerCap by 95.5% in the third quarter. Barclays PLC now owns 91,707 shares of the financial services provider's stock worth $8,687,000 after acquiring an additional 44,797 shares during the period. Ritholtz Wealth Management boosted its holdings in AerCap by 18.0% in the fourth quarter. Ritholtz Wealth Management now owns 9,516 shares of the financial services provider's stock worth $911,000 after purchasing an additional 1,455 shares during the last quarter. Transform Wealth LLC grew its position in AerCap by 13.0% in the 4th quarter. Transform Wealth LLC now owns 127,208 shares of the financial services provider's stock worth $12,174,000 after purchasing an additional 14,619 shares during the period. SG Americas Securities LLC raised its stake in AerCap by 159.8% during the 4th quarter. SG Americas Securities LLC now owns 46,261 shares of the financial services provider's stock valued at $4,427,000 after buying an additional 28,452 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of AerCap by 6.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 449,209 shares of the financial services provider's stock valued at $42,989,000 after buying an additional 26,434 shares during the period. Institutional investors own 96.42% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on AER. UBS Group lowered AerCap to an "underperform" rating in a report on Friday, March 7th. Barclays reaffirmed 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. Morgan Stanley boosted their price target on AerCap from $101.00 to $111.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Susquehanna raised their price objective on AerCap from $120.00 to $130.00 and gave the stock a "positive" rating in a research note on Tuesday, May 13th. Finally, Bank of America boosted their price objective on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $119.25.

AerCap Price Performance

Shares of AerCap stock traded down $0.32 during trading hours on Thursday, hitting $112.04. The company's stock had a trading volume of 931,210 shares, compared to its average volume of 1,388,286. The company has a market cap of $20.93 billion, a PE ratio of 8.88, a PEG ratio of 2.22 and a beta of 1.41. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The business has a 50 day moving average price of $102.39 and a two-hundred day moving average price of $99.02. AerCap Holdings has a 12-month low of $82.21 and a 12-month high of $114.42.

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

AerCap Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 14th will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, May 14th. This represents a $1.08 annualized dividend and a yield of 0.96%. AerCap's payout ratio is 9.58%.

AerCap declared that its board has approved a stock repurchase plan on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire 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 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.