PDT Partners LLC Makes New Investment in AerCap Holdings (NYSE:AER)

PDT Partners LLC acquired a new position in AerCap Holdings (NYSE:AER - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,211 shares of the financial services provider's stock, valued at approximately $1,743,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Toth Financial Advisory Corp acquired a new position in shares of AerCap during the fourth quarter valued at about $29,000. Pinpoint Asset Management Ltd purchased a new position in shares of AerCap in the fourth quarter worth $35,000. Fortitude Family Office LLC acquired a new stake in shares of AerCap during the fourth quarter worth $38,000. Eagle Bay Advisors LLC grew its holdings 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 valued at $121,000 after buying an additional 1,160 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of AerCap by 51.7% in the 4th quarter. Blue Trust Inc. now owns 1,388 shares of the financial services provider's stock valued at $131,000 after acquiring an additional 473 shares during the period. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

AerCap Price Performance

NYSE AER traded up $0.85 during trading hours on Friday, reaching $106.74. The company's stock had a trading volume of 1,673,523 shares, compared to its average volume of 1,401,557. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. AerCap Holdings has a 1-year low of $82.21 and a 1-year high of $108.49. The company's 50-day moving average is $99.54 and its two-hundred day moving average is $97.66. The firm has a market capitalization of $19.94 billion, a price-to-earnings ratio of 8.46, a P/E/G ratio of 2.22 and a beta of 1.41.

AerCap (NYSE:AER - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.69 by $0.99. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.01 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business's revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.29 EPS. On average, equities analysts predict that AerCap Holdings will post 11.29 EPS for the current year.

AerCap announced that its board has approved a stock buyback program on Wednesday, February 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 4.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are 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 paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Wednesday, May 14th. AerCap's dividend payout ratio is presently 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.