Rhumbline Advisers Increases Stake in AerCap Holdings (NYSE:AER)

Rhumbline Advisers grew its position in AerCap Holdings (NYSE:AER - Free Report) by 10.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,486 shares of the financial services provider's stock after purchasing an additional 5,137 shares during the period. Rhumbline Advisers' holdings in AerCap were worth $5,771,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. 59 North Capital Management LP boosted its stake in AerCap by 17.0% in the fourth quarter. 59 North Capital Management LP now owns 3,704,914 shares of the financial services provider's stock valued at $354,560,000 after acquiring an additional 538,703 shares during the last quarter. Lyrical Asset Management LP grew its holdings in shares of AerCap by 1.3% during the fourth quarter. Lyrical Asset Management LP now owns 3,097,840 shares of the financial services provider's stock worth $296,463,000 after buying an additional 38,264 shares in the last quarter. Cooke & Bieler LP lifted its position in shares of AerCap by 3.0% in the fourth quarter. Cooke & Bieler LP now owns 2,934,185 shares of the financial services provider's stock worth $280,802,000 after purchasing an additional 86,548 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of AerCap by 22.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,608,099 shares of the financial services provider's stock worth $249,595,000 after buying an additional 485,999 shares during the last quarter. Finally, Norges Bank bought a new position in AerCap in the fourth quarter valued at approximately $218,517,000. Institutional investors own 96.42% of the company's stock.

AerCap Stock Down 0.5%

NYSE AER traded down $0.56 on Friday, hitting $115.69. 1,268,077 shares of the company were exchanged, compared to its average volume of 1,381,029. The company has a market cap of $21.61 billion, a PE ratio of 9.17, a PEG ratio of 2.22 and a beta of 1.39. The stock has a fifty day moving average of $106.80 and a 200-day moving average of $101.06. The company has a current ratio of 0.67, a quick 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 $118.07.

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 (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.99. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm posted $3.29 EPS. AerCap's revenue was up 2.9% compared to the same quarter last year. As a group, analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap Announces Dividend

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

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. UBS Group lowered shares of AerCap to an "underperform" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. upped 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. Morgan Stanley raised their price objective on AerCap from $101.00 to $111.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. Barclays reissued an "overweight" rating and set a $115.00 target price (up from $113.00) on shares of AerCap in a report on Thursday, February 27th. Finally, Bank of America raised their price target on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $119.25.

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.