GAMMA Investing LLC Raises Stock Position in AerCap Holdings (NYSE:AER)

GAMMA Investing LLC grew its stake in shares of AerCap Holdings (NYSE:AER - Free Report) by 10,117.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,236 shares of the financial services provider's stock after buying an additional 24,989 shares during the quarter. GAMMA Investing LLC's holdings in AerCap were worth $2,578,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of AER. Ameriflex Group Inc. purchased a new stake in AerCap in the 4th quarter worth approximately $27,000. Pinpoint Asset Management Ltd bought a new position in AerCap in the fourth quarter worth about $35,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in AerCap by 110.7% in the fourth 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 period. CoreCap Advisors LLC boosted its position in AerCap by 104.3% during the 4th quarter. CoreCap Advisors LLC now owns 1,949 shares of the financial services provider's stock valued at $187,000 after acquiring an additional 995 shares in the last quarter. Finally, Intrust Bank NA purchased a new position in shares of AerCap during the 4th quarter worth approximately $202,000. Hedge funds and other institutional investors own 96.42% of the company's stock.

Wall Street Analyst Weigh In

AER has been the subject of a number of recent research reports. Bank of America lifted their price target on shares of AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Morgan Stanley upped 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 company an "overweight" rating in a research note on Thursday, May 1st. Susquehanna increased their target price on AerCap from $120.00 to $130.00 and gave the stock a "positive" rating in a research note on Tuesday, May 13th. Finally, UBS Group lowered AerCap to an "underperform" rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $119.25.

AerCap Stock Down 0.5%

Shares of AER stock traded down $0.56 on Friday, hitting $115.69. The stock had a trading volume of 1,268,077 shares, compared to its average volume of 1,381,029. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a one year low of $82.21 and a one year high of $118.07. The business has a 50 day moving average price of $106.80 and a 200 day moving average price of $101.06. The company has a market cap of $21.61 billion, a PE ratio of 9.17, a P/E/G ratio of 2.22 and a beta of 1.39.

AerCap (NYSE:AER - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share 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 firm had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the prior year, the business posted $3.29 EPS. The firm's quarterly revenue was up 2.9% on a year-over-year basis. Research analysts anticipate that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.93%. AerCap's payout ratio is currently 9.58%.

AerCap announced that its board has initiated a share repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are 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.