64,558 Shares in AerCap Holdings (NYSE:AER) Purchased by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ acquired a new stake in AerCap Holdings (NYSE:AER - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 64,558 shares of the financial services provider's stock, valued at approximately $6,178,000.

Other hedge funds have also made changes to their positions in the company. Siemens Fonds Invest GmbH increased its position in AerCap by 38.9% during the fourth quarter. Siemens Fonds Invest GmbH now owns 7,237 shares of the financial services provider's stock worth $691,000 after buying an additional 2,026 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in AerCap during the fourth quarter worth approximately $27,063,000. Ameriflex Group Inc. acquired a new position in AerCap during the fourth quarter worth approximately $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in AerCap during the fourth quarter worth approximately $1,079,000. Finally, Vise Technologies Inc. increased its position in AerCap by 121.0% during the fourth quarter. Vise Technologies Inc. now owns 6,314 shares of the financial services provider's stock worth $604,000 after buying an additional 3,457 shares during the period. Hedge funds and other institutional investors own 96.42% of the company's stock.

Analyst Ratings Changes

AER has been the topic of several research analyst reports. UBS Group lowered AerCap to an "underperform" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. lifted their price target on AerCap from $112.00 to $114.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Bank of America boosted their target price on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, March 7th. Susquehanna boosted their target price on AerCap from $120.00 to $130.00 and gave the company a "positive" rating in a report on Tuesday, May 13th. Finally, Morgan Stanley boosted their target price on AerCap from $101.00 to $111.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. 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 stock. According to MarketBeat.com, AerCap currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.25.

AerCap Price Performance

Shares of AerCap stock traded up $0.72 during trading on Friday, reaching $115.50. The company's stock had a trading volume of 3,140,170 shares, compared to its average volume of 1,397,447. 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 12-month low of $82.21 and a 12-month high of $115.96. The company has a market capitalization of $21.57 billion, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 2.22 and a beta of 1.41. The business has a 50 day moving average price of $103.83 and a 200-day moving average price of $99.84.

AerCap (NYSE:AER - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the business earned $3.29 earnings per share. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that AerCap Holdings will post 11.29 EPS for the current year.

AerCap declared that its Board of Directors has authorized a share repurchase plan on Wednesday, February 26th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 4.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

AerCap Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 14th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.94%. AerCap's dividend payout ratio (DPR) is presently 9.58%.

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.