AerCap Holdings (NYSE:AER) Shares Sold by London Co. of Virginia

London Co. of Virginia cut its stake in AerCap Holdings (NYSE:AER - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,523,309 shares of the financial services provider's stock after selling 24,513 shares during the period. AerCap makes up approximately 1.8% of London Co. of Virginia's holdings, making the stock its 13th largest holding. London Co. of Virginia owned about 1.78% of AerCap worth $337,181,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in AER. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of AerCap by 0.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,192 shares of the financial services provider's stock worth $1,837,000 after acquiring an additional 115 shares during the period. Signaturefd LLC boosted its position in AerCap by 3.2% during the fourth quarter. Signaturefd LLC now owns 5,717 shares of the financial services provider's stock worth $547,000 after purchasing an additional 177 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in AerCap by 3.8% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,322 shares of the financial services provider's stock valued at $509,000 after purchasing an additional 194 shares during the last quarter. Inspire Advisors LLC raised its stake in shares of AerCap by 3.4% during the 4th quarter. Inspire Advisors LLC now owns 6,336 shares of the financial services provider's stock worth $606,000 after buying an additional 209 shares during the last quarter. Finally, Williamson Legacy Group LLC raised its stake in shares of AerCap by 2.5% during the 4th quarter. Williamson Legacy Group LLC now owns 10,674 shares of the financial services provider's stock worth $1,022,000 after buying an additional 261 shares during the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Susquehanna raised their target price on shares of AerCap from $120.00 to $130.00 and gave the company a "positive" rating in a report on Tuesday. JPMorgan Chase & Co. increased their price target 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. Bank of America lifted their price objective on AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Barclays reaffirmed an "overweight" rating and issued a $115.00 target price (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Finally, Morgan Stanley raised their price target on AerCap from $101.00 to $111.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, AerCap currently has a consensus rating of "Moderate Buy" and an average target price of $119.25.

AerCap Trading Up 0.9%

NYSE AER traded up $0.97 during mid-day trading on Thursday, reaching $113.69. 1,289,057 shares of the stock were exchanged, compared to its average volume of 1,391,454. The stock has a market capitalization of $21.24 billion, a PE ratio of 9.01, a PEG ratio of 2.22 and a beta of 1.41. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. AerCap Holdings has a 1-year low of $82.21 and a 1-year high of $121.26. The business's fifty day simple moving average is $100.87 and its 200 day simple moving average is $98.38.

AerCap (NYSE:AER - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.68 EPS for the quarter, beating 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 the consensus estimate of $2.01 billion. During the same quarter in the previous year, the business earned $3.29 earnings per share. The business's revenue for the quarter was up 2.9% on a year-over-year basis. On average, research analysts anticipate that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th will be issued 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 0.95%. AerCap's payout ratio is currently 9.58%.

AerCap declared that its board has authorized a share buyback program on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

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.