Burney Co. Makes New Investment in Aercap Holdings N.V. $AER

Key Points

• Burney Co. bought a new position of 36,095 shares of Aercap in Q4, valued at approximately $5.19 million.
• Aercap beat Q4 estimates, reporting EPS of $3.95 vs. $3.31 expected and revenue of $2.36 billion vs. $2.07 billion, with a net margin of 44.04% and ROE of 15.11%.
• Dividend raised: Aercap increased its quarterly dividend to $0.40 (annualized $1.60) from $0.27, implying a 1.1% yield and a payout ratio of 7.5%.

Burney Co. bought a new position in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 36,095 shares of the financial services provider's stock, valued at approximately $5,189,000.

Several other institutional investors have also recently bought and sold shares of the business. Ritholtz Wealth Management raised its stake in Aercap by 8.3% during the fourth quarter. Ritholtz Wealth Management now owns 7,775 shares of the financial services provider's stock worth $1,118,000 after acquiring an additional 597 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new stake in shares of Aercap during the fourth quarter worth about $231,000. Signaturefd LLC grew its holdings in shares of Aercap by 10.7% during the fourth quarter. Signaturefd LLC now owns 6,160 shares of the financial services provider's stock worth $886,000 after purchasing an additional 595 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Aercap during the fourth quarter worth about $27,000. Finally, Aberdeen Group plc grew its holdings in shares of Aercap by 0.5% during the fourth quarter. Aberdeen Group plc now owns 526,199 shares of the financial services provider's stock worth $75,646,000 after purchasing an additional 2,374 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on AER. TD Cowen restated a "buy" rating on shares of Aercap in a report on Monday, March 16th. Zacks Research cut Aercap from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 30th. Deutsche Bank Aktiengesellschaft set a $175.00 price target on Aercap and gave the stock a "buy" rating in a report on Tuesday, February 10th. Morgan Stanley boosted their price target on Aercap from $150.00 to $160.00 and gave the stock an "equal weight" rating in a report on Monday, March 2nd. Finally, Weiss Ratings restated a "buy (b+)" rating on shares of Aercap in a report on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $153.38.

Aercap Stock Performance

NYSE:AER opened at $145.70 on Monday. The stock's 50-day moving average is $142.45 and its 200-day moving average is $137.59. Aercap Holdings N.V. has a 1-year low of $89.41 and a 1-year high of $154.94. The stock has a market cap of $24.31 billion, a P/E ratio of 6.83, a price-to-earnings-growth ratio of 1.28 and a beta of 0.99. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 2.38.

Aercap (NYSE:AER - Get Free Report) last released its earnings results on Saturday, February 7th. The financial services provider reported $3.95 earnings per share 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 the consensus estimate of $2.07 billion. Aercap had a net margin of 44.04% and a return on equity of 15.11%. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.31 EPS. Equities research analysts anticipate that Aercap Holdings N.V. will post 11.29 earnings per share for the current year.

Aercap Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, February 25th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. This is a boost from Aercap's previous quarterly dividend of $0.27. Aercap's payout ratio is currently 7.50%.

Aercap Company 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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