Mercer Global Advisors Inc. ADV Has $514,000 Stock Holdings in AerCap Holdings (NYSE:AER)

Mercer Global Advisors Inc. ADV cut its holdings in AerCap Holdings (NYSE:AER - Free Report) by 35.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,371 shares of the financial services provider's stock after selling 2,977 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in AerCap were worth $514,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Toth Financial Advisory Corp acquired a new position in shares of AerCap in the fourth quarter worth $29,000. Pinpoint Asset Management Ltd acquired a new stake in AerCap during the fourth quarter worth about $35,000. Eagle Bay Advisors LLC increased its stake in 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 acquiring an additional 1,160 shares during the last quarter. Blue Trust Inc. boosted its position in shares of AerCap by 51.7% in the fourth quarter. Blue Trust Inc. now owns 1,388 shares of the financial services provider's stock worth $131,000 after buying an additional 473 shares during the period. Finally, Intrust Bank NA purchased a new stake in shares of AerCap in the fourth quarter worth about $202,000. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

AerCap Stock Performance

NYSE:AER traded down $0.35 during trading hours on Friday, reaching $113.24. 1,696,339 shares of the stock were exchanged, compared to its average volume of 1,389,279. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a 50 day simple moving average of $101.55 and a 200-day simple moving average of $98.70. AerCap Holdings has a 52 week low of $82.21 and a 52 week high of $114.33. The stock has a market capitalization of $21.15 billion, a P/E ratio of 8.97, a P/E/G ratio of 2.22 and a beta of 1.41.

AerCap (NYSE:AER - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $3.68 EPS for the quarter, topping analysts' consensus estimates of $2.69 by $0.99. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.01 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. AerCap's quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.29 EPS. As a group, sell-side analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

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

AerCap Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 14th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Wednesday, May 14th. AerCap's dividend payout ratio (DPR) is 9.58%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Bank of America upped their target price on AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Morgan Stanley upped their target price on AerCap from $101.00 to $111.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Susquehanna upped 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 reissued an "overweight" rating and issued a $115.00 price target (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. Finally, UBS Group downgraded AerCap to an "underperform" rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $119.25.

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.