First Manhattan CO. LLC. Has $7.15 Million Stake in AerCap Holdings (NYSE:AER)

First Manhattan CO. LLC. grew its position in shares of AerCap Holdings (NYSE:AER - Free Report) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,664 shares of the financial services provider's stock after purchasing an additional 2,450 shares during the period. First Manhattan CO. LLC.'s holdings in AerCap were worth $7,145,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AER. Barclays PLC raised its stake in AerCap by 95.5% during the 3rd quarter. Barclays PLC now owns 91,707 shares of the financial services provider's stock worth $8,687,000 after acquiring an additional 44,797 shares in the last quarter. Tidal Investments LLC increased its position in shares of AerCap by 271.8% during the third quarter. Tidal Investments LLC now owns 8,496 shares of the financial services provider's stock worth $805,000 after purchasing an additional 6,211 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of AerCap by 5.3% in the 4th quarter. Nordea Investment Management AB now owns 19,609 shares of the financial services provider's stock valued at $1,899,000 after purchasing an additional 979 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in shares of AerCap in the 4th quarter valued at about $38,000. Finally, Fiduciary Alliance LLC acquired a new stake in shares of AerCap in the 4th quarter valued at about $2,007,000. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Barclays reissued an "overweight" rating and set a $115.00 price target (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. Susquehanna boosted their target price on AerCap from $120.00 to $130.00 and gave the company a "positive" rating in a report on Tuesday. Bank of America increased their price target on AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, March 7th. JPMorgan Chase & Co. lifted 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, UBS Group downgraded 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 issued a buy rating to the company's stock. According to data from MarketBeat, AerCap currently has an average rating of "Moderate Buy" and a consensus price target of $119.25.

AerCap Stock Up 0.7%

AerCap stock traded up $0.74 during midday trading on Tuesday, hitting $112.08. The stock had a trading volume of 1,590,268 shares, compared to its average volume of 1,392,473. 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 business has a fifty day moving average price of $100.61 and a 200 day moving average price of $98.29. AerCap Holdings has a 12 month low of $82.21 and a 12 month high of $113.07. The stock has a market cap of $20.93 billion, a P/E ratio of 8.88, a P/E/G ratio of 2.22 and a beta of 1.41.

AerCap (NYSE:AER - Get Free Report) last posted its 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. The company 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 firm's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $3.29 earnings per share. Research analysts predict that AerCap Holdings will post 11.29 EPS for the current year.

AerCap Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Wednesday, May 14th will be given a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a yield of 0.96%. AerCap's dividend payout ratio (DPR) is 9.58%.

AerCap declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 4.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership 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.