Occudo Quantitative Strategies LP Buys Shares of 11,121 AerCap Holdings (NYSE:AER)

Occudo Quantitative Strategies LP purchased a new position in AerCap Holdings (NYSE:AER - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,121 shares of the financial services provider's stock, valued at approximately $1,064,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in AerCap by 1.0% during 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 purchasing an additional 4,222 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in AerCap by 11.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 18,664 shares of the financial services provider's stock worth $1,786,000 after buying an additional 1,900 shares during the period. Barclays PLC grew 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 acquiring an additional 44,797 shares in the last quarter. Lyrical Asset Management LP increased its position in AerCap by 1.3% during the 4th quarter. Lyrical Asset Management LP now owns 3,097,840 shares of the financial services provider's stock valued at $296,463,000 after purchasing an additional 38,264 shares during the period. Finally, Transform Wealth LLC increased its position in AerCap by 13.0% during the 4th quarter. Transform Wealth LLC now owns 127,208 shares of the financial services provider's stock valued at $12,174,000 after purchasing an additional 14,619 shares during the period. Institutional investors own 96.42% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AER. JPMorgan Chase & Co. boosted their target price on shares of AerCap from $112.00 to $114.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Morgan Stanley boosted their target price on shares of AerCap from $101.00 to $111.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. UBS Group downgraded shares of AerCap to an "underperform" rating in a research note on Friday, March 7th. Barclays restated an "overweight" rating and set a $115.00 price objective (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Finally, Bank of America lifted their price objective on shares of AerCap from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $119.25.

AerCap Price Performance

NYSE AER traded up $0.68 on Monday, hitting $113.75. 315,028 shares of the company were exchanged, compared to its average volume of 1,385,046. 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 1-year low of $82.21 and a 1-year high of $114.33. The company has a market cap of $21.25 billion, a P/E ratio of 9.01, a P/E/G ratio of 2.22 and a beta of 1.41. The firm has a 50 day moving average of $101.55 and a two-hundred day moving average of $98.70.

AerCap (NYSE:AER - Get Free Report) last released its quarterly earnings data 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. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The firm had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the previous year, the business posted $3.29 earnings per share. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities analysts predict that AerCap Holdings will post 11.29 EPS for the current year.

AerCap declared that its Board of Directors 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 buy up to 4.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

AerCap Dividend Announcement

The company also recently disclosed 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 yield of 0.95%. The ex-dividend date of this dividend is Wednesday, May 14th. AerCap's dividend payout ratio (DPR) is currently 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.