Woodson Capital Management LP Reduces Holdings in AerCap Holdings (NYSE:AER)

Woodson Capital Management LP decreased its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 188,000 shares of the financial services provider's stock after selling 4,849 shares during the quarter. AerCap makes up about 2.9% of Woodson Capital Management LP's holdings, making the stock its 14th largest position. Woodson Capital Management LP owned 0.09% of AerCap worth $17,992,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AER. 59 North Capital Management LP boosted its stake in shares of AerCap by 17.0% during the fourth quarter. 59 North Capital Management LP now owns 3,704,914 shares of the financial services provider's stock worth $354,560,000 after buying an additional 538,703 shares during the period. Lyrical Asset Management LP boosted its stake 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 during the period. Cooke & Bieler LP boosted its stake in shares of AerCap by 3.0% during the fourth quarter. Cooke & Bieler LP now owns 2,934,185 shares of the financial services provider's stock worth $280,802,000 after buying an additional 86,548 shares during the period. Ninety One UK Ltd boosted its stake in shares of AerCap by 7.0% during the fourth quarter. Ninety One UK Ltd now owns 2,550,350 shares of the financial services provider's stock worth $244,068,000 after buying an additional 167,830 shares during the period. Finally, Norges Bank acquired a new stake in shares of AerCap during the fourth quarter worth about $218,517,000. Hedge funds and other institutional investors own 96.42% of the company's stock.

AerCap Price Performance

AER stock opened at $113.66 on Tuesday. The firm has a 50 day moving average of $101.88 and a 200-day moving average of $98.83. AerCap Holdings has a 12-month low of $82.21 and a 12-month high of $114.33. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The company has a market cap of $21.23 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 2.22 and a beta of 1.41.

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 analysts' consensus estimates of $2.69 by $0.99. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the firm earned $3.29 EPS. The company's revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities analysts expect that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap announced that its board has initiated 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 stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

AerCap Announces Dividend

The business also recently declared 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 of this dividend is Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.95%. AerCap's payout ratio is 9.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AER shares. 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 note on Thursday, May 1st. UBS Group downgraded shares of AerCap to an "underperform" rating in a research note on Friday, March 7th. Susquehanna raised their price objective on shares of AerCap from $120.00 to $130.00 and gave the company a "positive" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. raised their price objective on shares of AerCap from $112.00 to $114.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Barclays restated an "overweight" rating and issued a $115.00 price objective (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, AerCap currently has an average rating of "Moderate Buy" and an average target price 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.

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