Tower View Wealth Management LLC Acquires 6,966 Shares of Aercap Holdings N.V. (NYSE:AER)

Tower View Wealth Management LLC boosted its position in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 37.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,666 shares of the financial services provider's stock after acquiring an additional 6,966 shares during the period. Tower View Wealth Management LLC's holdings in Aercap were worth $2,622,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in Aercap by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 446,303 shares of the financial services provider's stock valued at $42,711,000 after buying an additional 4,222 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in Aercap by 11.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 18,664 shares of the financial services provider's stock valued at $1,786,000 after buying an additional 1,900 shares in the last quarter. Lyrical Asset Management LP grew its holdings in 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 buying an additional 38,264 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Aercap by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 234,487 shares of the financial services provider's stock valued at $22,440,000 after buying an additional 3,542 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in Aercap by 345.0% during the 4th quarter. Benjamin Edwards Inc. now owns 19,423 shares of the financial services provider's stock valued at $1,859,000 after buying an additional 15,058 shares in the last quarter. Institutional investors own 96.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Barclays reaffirmed an "overweight" rating and set a $115.00 price objective (up from $113.00) on shares of Aercap in a report on Thursday, February 27th. JPMorgan Chase & Co. raised their target price on shares of Aercap from $112.00 to $114.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Morgan Stanley raised their target price on shares of Aercap from $101.00 to $111.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Susquehanna raised their target price on shares of Aercap from $120.00 to $130.00 and gave the company a "positive" rating in a report on Tuesday, May 13th. Finally, Bank of America raised their target price on shares of Aercap from $105.00 to $125.00 and gave the company a "buy" rating in a 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 issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $119.25.

Aercap Trading Up 0.3%

AER traded up $0.33 during trading on Friday, reaching $115.23. The company had a trading volume of 1,526,312 shares, compared to its average volume of 1,371,986. The stock has a market cap of $21.52 billion, a P/E ratio of 10.22, a PEG ratio of 2.35 and a beta of 1.40. The business has a 50 day simple moving average of $109.62 and a 200-day simple moving average of $101.80. Aercap Holdings N.V. has a 52 week low of $82.21 and a 52 week high of $118.07. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 2.69.

Aercap (NYSE:AER - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.69 by $0.99. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.01 billion. Aercap had a return on equity of 13.84% and a net margin of 26.53%. Aercap's revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned $3.29 earnings per share. On average, equities analysts anticipate that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap announced that its board has authorized a stock repurchase program on Wednesday, February 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 4.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

Aercap Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Wednesday, May 14th were given 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 0.94%. Aercap's dividend payout ratio 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.