ARGA Investment Management LP Trims Stock Position in Aercap Holdings N.V. $AER

Key Points

• ARGA Investment Management LP reduced its stake in Aercap by 49.0% in Q4, selling 15,251 shares and leaving it with 15,889 shares valued at $2.284 million.
• AerCap topped expectations with $3.95 EPS vs. $3.31 expected and $2.36B revenue vs. $2.07B expected for the quarter, and analysts forecast roughly 15.4 EPS for the current fiscal year.
• The company raised its quarterly dividend from $0.27 to $0.40 (annualized $1.60, ~1.2% yield), while institutional investors own about 96.42% of the stock and consensus ratings show a "Moderate Buy" with an average price target near $153.38.

ARGA Investment Management LP reduced its stake in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 49.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,889 shares of the financial services provider's stock after selling 15,251 shares during the quarter. ARGA Investment Management LP's holdings in Aercap were worth $2,284,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new position in Aercap during the fourth quarter valued at approximately $27,000. Mather Group LLC. purchased a new position in Aercap during the third quarter valued at approximately $26,000. Advisory Services Network LLC purchased a new position in Aercap during the third quarter valued at approximately $35,000. GAMMA Investing LLC raised its position in Aercap by 36.5% during the fourth quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider's stock valued at $52,000 after acquiring an additional 96 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Aercap by 26.6% during the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 94 shares in the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Aercap Stock Up 0.6%

Aercap stock opened at $138.88 on Tuesday. The stock has a market capitalization of $23.18 billion, a PE ratio of 6.51, a price-to-earnings-growth ratio of 1.21 and a beta of 0.99. Aercap Holdings N.V. has a 12 month low of $103.07 and a 12 month high of $154.94. The business has a 50 day simple moving average of $141.96 and a 200-day simple moving average of $139.17. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.23 and a quick ratio of 0.23.

Aercap (NYSE:AER - Get Free Report) last posted its quarterly earnings data on Saturday, February 7th. The financial services provider reported $3.95 EPS for the quarter, beating analysts' consensus estimates of $3.31 by $0.64. The business had revenue of $2.36 billion during the quarter, compared to analysts' expectations of $2.07 billion. Aercap had a return on equity of 15.11% and a net margin of 44.04%.The business's revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.31 earnings per share. On average, analysts anticipate that Aercap Holdings N.V. will post 15.4 EPS for the current fiscal year.

Aercap Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Wednesday, February 25th were given a dividend of $0.40 per share. This is a boost from Aercap's previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, February 25th. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Aercap's payout ratio is currently 7.50%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AER shares. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Aercap in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft set a $175.00 price objective on shares of Aercap and gave the company a "buy" rating in a report on Tuesday, February 10th. TD Cowen reaffirmed a "buy" rating on shares of Aercap in a report on Monday, March 16th. Zacks Research cut shares of Aercap from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 30th. Finally, Barclays lifted their price objective on shares of Aercap from $144.00 to $162.00 and gave the company an "overweight" rating in a report on Tuesday, January 6th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Aercap presently has an average rating of "Moderate Buy" and an average price target of $153.38.

Aercap Profile

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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