USS Investment Management Ltd Sells 5,500 Shares of AerCap Holdings (NYSE:AER)

USS Investment Management Ltd decreased its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 27.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,340 shares of the financial services provider's stock after selling 5,500 shares during the quarter. USS Investment Management Ltd's holdings in AerCap were worth $1,373,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of AER. Norges Bank bought a new stake in shares of AerCap during the fourth quarter valued at approximately $218,517,000. Alyeska Investment Group L.P. grew its holdings in AerCap by 139.1% during 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 buying an additional 875,950 shares in the last quarter. TOMS Capital Investment Management LP grew its holdings in AerCap by 118.8% during 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 buying an additional 759,000 shares in the last quarter. Millennium Management LLC grew its holdings 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 worth $102,871,000 after buying an additional 705,212 shares in the last quarter. Finally, Northern Trust Corp grew its holdings 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 worth $133,687,000 after buying an additional 664,990 shares in the last quarter. Institutional investors own 96.42% of the company's stock.

AerCap Price Performance

AER traded up $1.04 during trading on Thursday, reaching $114.60. 208,114 shares of the company were exchanged, compared to its average volume of 1,384,293. The company's 50-day moving average is $103.35 and its two-hundred day moving average is $99.58. The company has a market cap of $21.41 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 2.22 and a beta of 1.41. The company has a quick ratio of 0.67, a current 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 $114.80.

AerCap (NYSE:AER - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.99. The firm had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.01 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The company's revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $3.29 EPS. Research analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, May 14th. This represents a $1.08 annualized dividend and a dividend yield of 0.94%. AerCap's dividend payout ratio (DPR) is presently 9.58%.

AerCap declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 26th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to repurchase up to 4.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays restated an "overweight" rating and issued a $115.00 price objective (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Bank of America upped their price objective on AerCap from $105.00 to $125.00 and gave the company a "buy" 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 upped their price objective on AerCap from $101.00 to $111.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. Finally, Susquehanna upped their price objective on AerCap from $120.00 to $130.00 and gave the company a "positive" rating in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.25.

About AerCap

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.