Nebula Research & Development LLC Reduces Stake in AerCap Holdings (NYSE:AER)

Nebula Research & Development LLC decreased its stake in shares of AerCap Holdings (NYSE:AER - Free Report) by 26.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,994 shares of the financial services provider's stock after selling 4,780 shares during the period. Nebula Research & Development LLC's holdings in AerCap were worth $1,244,000 as of its most recent SEC filing.

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

AerCap Stock Performance

Shares of AER stock traded down $0.21 during trading hours on Thursday, reaching $105.79. 1,776,785 shares of the company traded hands, compared to its average volume of 1,407,351. AerCap Holdings has a 12-month low of $82.21 and a 12-month high of $108.49. 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 $19.76 billion, a P/E ratio of 8.38, a P/E/G ratio of 2.22 and a beta of 1.46. The firm has a 50-day moving average price of $99.35 and a 200 day moving average price of $97.54.

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. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.01 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. AerCap's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $3.29 earnings per share. As a group, sell-side analysts predict that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

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

AerCap Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 14th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Wednesday, May 14th. AerCap's payout ratio is 9.99%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AER. Barclays reissued an "overweight" rating and issued a $115.00 target price (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. UBS Group downgraded AerCap to an "underperform" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. upped their target price on AerCap from $112.00 to $114.00 and gave the stock an "overweight" rating in a research note on Thursday. Susquehanna raised their target price on AerCap from $108.00 to $120.00 and gave the stock a "positive" rating in a research report on Thursday, February 27th. Finally, Bank of America increased their target price on shares of AerCap from $105.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. 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 company's stock. According to MarketBeat, AerCap currently has a consensus rating of "Moderate Buy" and an average price target of $118.00.

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.