SG Americas Securities LLC Has $46.63 Million Stock Position in AerCap Holdings (NYSE:AER)

SG Americas Securities LLC lifted its stake in shares of AerCap Holdings (NYSE:AER - Free Report) by 886.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 456,346 shares of the financial services provider's stock after acquiring an additional 410,085 shares during the quarter. SG Americas Securities LLC owned 0.24% of AerCap worth $46,625,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. 59 North Capital Management LP increased its holdings in shares of AerCap by 17.0% in the 4th 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 purchasing an additional 538,703 shares during the period. Lyrical Asset Management LP grew its holdings in shares of AerCap by 1.3% during the 4th quarter. Lyrical Asset Management LP now owns 3,097,840 shares of the financial services provider's stock valued at $296,463,000 after acquiring an additional 38,264 shares in the last quarter. Cooke & Bieler LP grew its stake in AerCap by 3.0% in the fourth quarter. Cooke & Bieler LP now owns 2,934,185 shares of the financial services provider's stock valued at $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 increased its position in AerCap by 22.9% in 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 purchasing an additional 485,999 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of AerCap during the 4th quarter valued at about $218,517,000. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AER shares. 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. Bank of America upped their price objective on shares of AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Susquehanna lifted their price target on AerCap from $120.00 to $130.00 and gave the stock a "positive" rating in a research report on Tuesday, May 13th. Barclays reiterated an "overweight" rating and issued a $115.00 target price (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Finally, UBS Group lowered shares of 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 given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, AerCap presently has a consensus rating of "Moderate Buy" and an average price target of $119.25.

AerCap Trading Down 0.8%

Shares of AER stock traded down $0.90 on Thursday, reaching $116.22. The company had a trading volume of 1,082,034 shares, compared to its average volume of 1,383,122. The stock has a market cap of $21.71 billion, a PE ratio of 9.21, a PEG ratio of 2.22 and a beta of 1.39. The company has a 50-day moving average of $106.27 and a 200-day moving average of $100.95. 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 announced its quarterly earnings results 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. The company had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.01 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The business's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $3.29 earnings per share. On average, equities analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap Announces Dividend

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

AerCap announced that its board has approved a stock 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 purchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

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.