Man Group plc Boosts Stock Position in AerCap Holdings (NYSE:AER)

Man Group plc grew its holdings in AerCap Holdings (NYSE:AER - Free Report) by 36.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,349,449 shares of the financial services provider's stock after purchasing an additional 359,531 shares during the period. Man Group plc owned approximately 0.68% of AerCap worth $129,142,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of AER. Barclays PLC increased its holdings 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 purchasing an additional 44,797 shares during the period. Fiduciary Alliance LLC purchased a new stake in shares of AerCap during the fourth quarter worth approximately $2,007,000. Eagle Bay Advisors LLC raised its stake in shares of AerCap by 1,148.5% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider's stock worth $121,000 after purchasing an additional 1,160 shares during the last quarter. Miracle Mile Advisors LLC purchased a new position in AerCap in the fourth quarter worth $743,000. Finally, 180 Wealth Advisors LLC raised its position in AerCap by 7.6% in the fourth quarter. 180 Wealth Advisors LLC now owns 11,219 shares of the financial services provider's stock worth $1,074,000 after acquiring an additional 788 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. 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. Susquehanna increased their target price on AerCap from $120.00 to $130.00 and gave the stock a "positive" rating in a research report on Tuesday, May 13th. Barclays reaffirmed an "overweight" rating and set a $115.00 price target (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. JPMorgan Chase & Co. raised their price objective on AerCap from $112.00 to $114.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, UBS Group lowered AerCap to an "underperform" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $119.25.

AerCap Trading Up 0.5%

AerCap stock traded up $0.59 during trading hours on Monday, hitting $113.66. The stock had a trading volume of 373,796 shares, compared to its average volume of 1,385,276. The stock has a market cap of $21.23 billion, a price-to-earnings ratio of 9.01, a P/E/G ratio of 2.22 and a beta of 1.41. The business's 50 day simple moving average is $101.55 and its 200-day simple moving average is $98.70. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a one year low of $82.21 and a one year high of $114.33.

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 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 company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the company earned $3.29 earnings per share. The company's revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts predict that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.95%. AerCap's dividend payout ratio (DPR) is presently 9.58%.

AerCap declared that its board has approved a share repurchase plan on Wednesday, February 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 4.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors 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.