GCM Grosvenor Holdings LLC Has $17.67 Million Stake in AerCap Holdings (NYSE:AER)

GCM Grosvenor Holdings LLC cut its holdings in AerCap Holdings (NYSE:AER - Free Report) by 6.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,592 shares of the financial services provider's stock after selling 11,786 shares during the quarter. AerCap accounts for approximately 2.5% of GCM Grosvenor Holdings LLC's holdings, making the stock its 7th largest position. GCM Grosvenor Holdings LLC owned approximately 0.09% of AerCap worth $17,665,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. 59 North Capital Management LP lifted its position in AerCap by 17.0% in the 4th quarter. 59 North Capital Management LP now owns 3,704,914 shares of the financial services provider's stock valued at $354,560,000 after acquiring an additional 538,703 shares in the last quarter. Lyrical Asset Management LP lifted its holdings in shares of 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 during the period. Cooke & Bieler LP lifted its holdings in shares of AerCap by 3.0% during the 4th quarter. Cooke & Bieler LP now owns 2,934,185 shares of the financial services provider's stock valued at $280,802,000 after buying an additional 86,548 shares during the period. Ninety One UK Ltd lifted its holdings in shares of AerCap by 7.0% during the 4th quarter. Ninety One UK Ltd now owns 2,550,350 shares of the financial services provider's stock valued at $244,068,000 after buying an additional 167,830 shares during the period. Finally, Norges Bank bought a new position in shares of AerCap during the 4th quarter valued at $218,517,000. 96.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AER has been the topic of several research analyst reports. Barclays reissued an "overweight" rating and set a $115.00 price target (up from $113.00) on shares of AerCap in a report on Thursday, February 27th. Bank of America increased their price target on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, March 7th. JPMorgan Chase & Co. increased their price target on AerCap from $112.00 to $114.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. UBS Group cut AerCap to an "underperform" rating in a report on Friday, March 7th. Finally, Morgan Stanley upped their price objective on AerCap from $101.00 to $111.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. One investment 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 presently has an average rating of "Moderate Buy" and a consensus price target of $118.00.

AerCap Stock Performance

Shares of NYSE:AER traded up $1.04 during midday trading on Friday, hitting $109.48. The company had a trading volume of 1,865,429 shares, compared to its average volume of 1,389,755. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $20.45 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 2.22 and a beta of 1.41. AerCap Holdings has a 12-month low of $82.21 and a 12-month high of $109.59. The company has a fifty day moving average of $100.21 and a two-hundred day moving average of $98.08.

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. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the business posted $3.29 EPS. AerCap's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts expect that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap announced that its Board of Directors has initiated a share buyback program on Wednesday, February 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 4.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its stock is undervalued.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Wednesday, May 14th will be paid 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 0.99%. AerCap's 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.