Mitsubishi UFJ Asset Management Co. Ltd. Raises Position in Aercap Holdings N.V. (NYSE:AER)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Aercap Holdings by 9.7%, acquiring an additional 13,596 shares, bringing its total ownership to 153,700 shares valued at approximately $15.7 million.
• Several institutional investors, including 59 North Capital Management and UBS AM, also raised their stakes in Aercap during the fourth quarter, with institutional ownership now accounting for 96.42% of the stock.
• Aercap announced a quarterly dividend of $0.27 per share, contributing to an annualized dividend of $1.08 and a yield of 1.0% as of the latest report.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 9.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,700 shares of the financial services provider's stock after purchasing an additional 13,596 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.08% of Aercap worth $15,704,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AER. Alliancebernstein L.P. boosted its stake in shares of Aercap by 1.8% in the 4th quarter. Alliancebernstein L.P. now owns 50,123 shares of the financial services provider's stock worth $4,797,000 after buying an additional 888 shares during the last quarter. Bank of Nova Scotia purchased a new position in Aercap in the fourth quarter worth about $281,000. Raymond James Financial Inc. bought a new stake in shares of Aercap during the 4th quarter valued at about $3,284,000. Townsquare Capital LLC increased its position in shares of Aercap by 31.5% during the 4th quarter. Townsquare Capital LLC now owns 4,745 shares of the financial services provider's stock valued at $454,000 after purchasing an additional 1,137 shares during the last quarter. Finally, Synovus Financial Corp lifted its stake in shares of Aercap by 1.1% in the 4th quarter. Synovus Financial Corp now owns 33,540 shares of the financial services provider's stock worth $3,210,000 after purchasing an additional 380 shares during the period. Hedge funds and other institutional investors own 96.42% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AER. Barclays boosted their target price on shares of Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Morgan Stanley upped their price objective on Aercap from $111.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Susquehanna reiterated a "positive" rating and set a $134.00 target price (up from $130.00) on shares of Aercap in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $122.57.

Aercap Price Performance

AER traded down $0.95 during trading on Thursday, hitting $112.82. 1,232,789 shares of the company traded hands, compared to its average volume of 1,474,530. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.57. The company has a market cap of $21.07 billion, a PE ratio of 7.02, a P/E/G ratio of 2.28 and a beta of 1.44. The stock's 50-day simple moving average is $113.71 and its two-hundred day simple moving average is $106.34. Aercap Holdings N.V. has a 1 year low of $85.57 and a 1 year high of $118.07.

Aercap (NYSE:AER - Get Free Report) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.08. Aercap had a return on equity of 13.13% and a net margin of 36.93%. The firm had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the previous year, the firm posted $3.01 earnings per share. The business's revenue was down 3.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Aercap Holdings N.V. will post 11.29 earnings per share for the current fiscal year.

Aercap Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, August 13th. This represents a $1.08 annualized dividend and a yield of 1.0%. Aercap's dividend payout ratio (DPR) is 6.72%.

Aercap 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.