Lord Abbett & CO. LLC Increases Position in AerCap Holdings (NYSE:AER)

Lord Abbett & CO. LLC raised its stake in AerCap Holdings (NYSE:AER - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,271,769 shares of the financial services provider's stock after buying an additional 179,539 shares during the period. Lord Abbett & CO. LLC owned approximately 1.15% of AerCap worth $217,408,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. B. Riley Wealth Advisors Inc. raised its position in shares of AerCap by 59.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider's stock worth $1,686,000 after purchasing an additional 6,654 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of AerCap by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 446,303 shares of the financial services provider's stock valued at $42,711,000 after acquiring an additional 4,222 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of AerCap by 11.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 18,664 shares of the financial services provider's stock valued at $1,786,000 after acquiring an additional 1,900 shares during the last quarter. Franklin Resources Inc. increased its position in AerCap by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider's stock worth $545,726,000 after purchasing an additional 282,980 shares in the last quarter. Finally, Barclays PLC raised its stake in AerCap by 95.5% in the 3rd quarter. Barclays PLC now owns 91,707 shares of the financial services provider's stock valued at $8,687,000 after purchasing an additional 44,797 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Susquehanna lifted their price target on shares of AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a report on Thursday, February 27th. UBS Group lowered AerCap to an "underperform" rating in a research note on Friday, March 7th. Morgan Stanley lowered their price objective on AerCap from $112.00 to $101.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Barclays reiterated an "overweight" rating and set a $115.00 target price (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Finally, Bank of America lifted 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $117.14.

AerCap Trading Up 0.6 %

AER traded up $0.65 on Wednesday, reaching $106.39. 881,959 shares of the company's stock were exchanged, compared to its average volume of 1,403,277. 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 twelve month low of $82.21 and a twelve month high of $107.78. The company's 50 day moving average is $99.26 and its 200-day moving average is $97.49. The company has a market cap of $19.87 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 2.22 and a beta of 1.46.

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 for the quarter, beating the consensus estimate of $2.70 by $0.98. AerCap had a net margin of 32.38% and a return on equity of 13.98%. During the same quarter last year, the business posted $3.29 EPS. AerCap's revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts predict that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th were issued a dividend of $0.27 per share. This is an increase from AerCap's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Wednesday, March 12th. AerCap's dividend payout ratio (DPR) is presently 9.99%.

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

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.