GAMMA Investing LLC Boosts Holdings in AerCap Holdings (NYSE:AER)

GAMMA Investing LLC raised its holdings in AerCap Holdings (NYSE:AER - Free Report) by 10,117.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,236 shares of the financial services provider's stock after acquiring an additional 24,989 shares during the quarter. GAMMA Investing LLC's holdings in AerCap were worth $2,578,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AER. Ameriflex Group Inc. acquired a new position in shares of AerCap during the 4th quarter worth $27,000. Pinpoint Asset Management Ltd acquired a new position in shares of AerCap during the 4th quarter worth $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 buying an additional 914 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of AerCap by 104.3% during the 4th quarter. CoreCap Advisors LLC now owns 1,949 shares of the financial services provider's stock worth $187,000 after buying an additional 995 shares during the last quarter. Finally, Intrust Bank NA acquired a new position in shares of AerCap during the 4th quarter worth $202,000. Institutional investors and hedge funds own 96.42% of the company's stock.

AerCap Price Performance

AerCap stock traded up $0.02 during midday trading on Monday, reaching $115.86. 865,088 shares of the company were exchanged, compared to its average volume of 1,377,248. The company has a market capitalization of $21.64 billion, a price-to-earnings ratio of 9.18, a P/E/G ratio of 2.22 and a beta of 1.39. The firm's 50-day simple moving average is $107.88 and its 200-day simple moving average is $101.31. AerCap Holdings has a 1 year low of $82.21 and a 1 year high of $118.07. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67.

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, beating the consensus estimate of $2.69 by $0.99. The company had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.01 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm's revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.29 EPS. On average, analysts anticipate that AerCap Holdings will post 11.29 EPS for the current year.

AerCap Dividend Announcement

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

AerCap announced that its board has approved a stock repurchase plan on Wednesday, February 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 4.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

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