Assenagon Asset Management S.A. Increases Holdings in AerCap Holdings (NYSE:AER)

Assenagon Asset Management S.A. boosted its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 609,833 shares of the financial services provider's stock after purchasing an additional 58,371 shares during the quarter. Assenagon Asset Management S.A. owned about 0.33% of AerCap worth $62,307,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Ameriflex Group Inc. acquired a new stake in AerCap during the 4th quarter valued at $27,000. Pinpoint Asset Management Ltd bought a new stake in shares of AerCap during the 4th quarter worth approximately $35,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of AerCap by 110.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,740 shares of the financial services provider's stock worth $167,000 after purchasing an additional 914 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of AerCap by 104.3% in the fourth quarter. CoreCap Advisors LLC now owns 1,949 shares of the financial services provider's stock valued at $187,000 after buying an additional 995 shares during the last quarter. Finally, Intrust Bank NA acquired a new stake in shares of AerCap in the fourth quarter valued at approximately $202,000. Institutional investors own 96.42% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AER. JPMorgan Chase & Co. lifted their price target on AerCap from $112.00 to $114.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Barclays reaffirmed an "overweight" rating and set a $115.00 target price (up from $113.00) on shares of AerCap in a report on Thursday, February 27th. Susquehanna upped their price target on AerCap from $120.00 to $130.00 and gave the company a "positive" rating in a research report on Tuesday, May 13th. Morgan Stanley upped their target price on AerCap from $101.00 to $111.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. Finally, UBS Group lowered AerCap to an "underperform" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, AerCap has a consensus rating of "Moderate Buy" and an average price target of $119.25.

AerCap Stock Performance

NYSE:AER traded down $0.56 during mid-day trading on Friday, hitting $115.69. 1,268,077 shares of the company traded hands, compared to its average volume of 1,379,305. The stock's fifty day moving average price is $107.34 and its 200-day moving average price is $101.19. AerCap Holdings has a one year low of $82.21 and a one year high of $118.07. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a market cap of $21.61 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 2.22 and a beta of 1.39.

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

AerCap Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th were issued a $0.27 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $1.08 annualized dividend and a dividend yield of 0.93%. AerCap's dividend payout ratio (DPR) is presently 9.58%.

AerCap declared that its board has approved a stock repurchase program on Wednesday, February 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to purchase up to 4.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

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.