Northern Trust Corp Purchases 664,990 Shares of AerCap Holdings (NYSE:AER)

Northern Trust Corp boosted its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 90.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,396,937 shares of the financial services provider's stock after purchasing an additional 664,990 shares during the period. Northern Trust Corp owned 0.71% of AerCap worth $133,687,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Toth Financial Advisory Corp bought a new stake in shares of AerCap during the fourth quarter worth approximately $29,000. Pinpoint Asset Management Ltd acquired a new stake in AerCap in the 4th quarter valued at approximately $35,000. Fortitude Family Office LLC acquired a new position in AerCap during the fourth quarter worth $38,000. Eagle Bay Advisors LLC grew its holdings in shares of AerCap by 1,148.5% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider's stock valued at $121,000 after acquiring an additional 1,160 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of AerCap by 51.7% during the 4th quarter. Blue Trust Inc. now owns 1,388 shares of the financial services provider's stock worth $131,000 after purchasing an additional 473 shares during the last quarter. Institutional investors own 96.42% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Barclays reissued an "overweight" rating and issued a $115.00 price objective (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Bank of America upped their target price on AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Morgan Stanley increased their price target on shares of AerCap from $101.00 to $111.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. lifted their target price on AerCap from $112.00 to $114.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Susquehanna increased their price target on AerCap from $108.00 to $120.00 and gave the company a "positive" rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $118.00.

AerCap Price Performance

Shares of AER traded up $0.18 during trading hours on Tuesday, reaching $107.81. 1,152,101 shares of the company's stock traded hands, compared to its average volume of 1,397,993. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a 12 month low of $82.21 and a 12 month high of $108.73. The stock has a market cap of $20.14 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 2.22 and a beta of 1.41. The firm's 50 day simple moving average is $99.65 and its 200-day simple moving average is $97.73.

AerCap (NYSE:AER - Get Free Report) last issued 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 analysts' expectations of $2.01 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The firm's revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.29 EPS. Equities analysts expect that AerCap Holdings will post 11.29 EPS for the current year.

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

AerCap Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Wednesday, May 14th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.00%. AerCap's dividend payout ratio (DPR) is 9.58%.

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.