Transform Wealth LLC Has $15.04 Million Stock Holdings in AerCap Holdings (NYSE:AER)

Transform Wealth LLC boosted its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 15.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 146,854 shares of the financial services provider's stock after purchasing an additional 19,646 shares during the period. Transform Wealth LLC owned 0.08% of AerCap worth $15,043,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Norges Bank purchased a new position in AerCap during the fourth quarter valued at approximately $218,517,000. Alyeska Investment Group L.P. increased its stake in shares of AerCap by 139.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,505,799 shares of the financial services provider's stock worth $144,105,000 after acquiring an additional 875,950 shares during the last quarter. TOMS Capital Investment Management LP increased its stake in shares of AerCap by 118.8% in the fourth quarter. TOMS Capital Investment Management LP now owns 1,398,000 shares of the financial services provider's stock worth $133,789,000 after acquiring an additional 759,000 shares during the last quarter. Millennium Management LLC boosted its position in AerCap by 190.7% during the fourth quarter. Millennium Management LLC now owns 1,074,931 shares of the financial services provider's stock valued at $102,871,000 after purchasing an additional 705,212 shares during the last quarter. Finally, Northern Trust Corp boosted its position in AerCap by 90.9% during the fourth quarter. Northern Trust Corp now owns 1,396,937 shares of the financial services provider's stock valued at $133,687,000 after purchasing an additional 664,990 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.

AerCap Stock Performance

AER traded down $0.54 during trading on Thursday, hitting $116.58. The stock had a trading volume of 396,574 shares, compared to its average volume of 1,380,417. 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. The company has a 50 day simple moving average of $106.27 and a 200-day simple moving average of $100.95. The firm has a market cap of $21.78 billion, a PE ratio of 9.24, a P/E/G ratio of 2.22 and a beta of 1.39.

AerCap (NYSE:AER - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.68 EPS for the quarter, topping 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 business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the company posted $3.29 earnings per share. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. Analysts expect that AerCap Holdings will post 11.29 EPS for the current year.

AerCap declared that its board has approved a stock 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 purchase up to 4.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board of directors believes its shares are undervalued.

AerCap Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders 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 annualized dividend and a dividend yield of 0.93%. AerCap's dividend payout ratio is 9.58%.

Analysts Set New Price Targets

A number of equities analysts recently commented on AER shares. JPMorgan Chase & Co. increased their price objective on AerCap from $112.00 to $114.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Susquehanna increased their price target on shares of AerCap from $120.00 to $130.00 and gave the stock a "positive" rating in a research note on Tuesday, May 13th. UBS Group lowered shares of AerCap to an "underperform" rating in a research note on Friday, March 7th. Morgan Stanley increased their target price on shares of AerCap from $101.00 to $111.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Finally, Barclays reaffirmed an "overweight" rating and issued a $115.00 price target (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.