Point72 Asset Management L.P. Boosts Stake in AerCap Holdings (NYSE:AER)

Point72 Asset Management L.P. boosted its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 120.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 377,214 shares of the financial services provider's stock after purchasing an additional 205,726 shares during the period. Point72 Asset Management L.P. owned about 0.19% of AerCap worth $36,099,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AER. Toth Financial Advisory Corp purchased a new position in AerCap during the 4th quarter valued at about $29,000. Pinpoint Asset Management Ltd purchased a new position in AerCap during the 4th quarter valued at about $35,000. Blue Trust Inc. grew its holdings 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 acquiring an additional 473 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of AerCap by 110.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,740 shares of the financial services provider's stock worth $167,000 after acquiring an additional 914 shares during the period. Finally, CoreCap Advisors LLC grew its holdings in shares of AerCap by 104.3% during the 4th quarter. CoreCap Advisors LLC now owns 1,949 shares of the financial services provider's stock worth $187,000 after acquiring an additional 995 shares during the period. Hedge funds and other institutional investors own 96.42% of the company's stock.

AerCap Stock Up 0.1%

Shares of AerCap stock traded up $0.13 during midday trading on Thursday, hitting $112.49. The company had a trading volume of 236,401 shares, compared to its average volume of 1,385,598. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $21.01 billion, a P/E ratio of 8.92, a P/E/G ratio of 2.22 and a beta of 1.41. The company has a 50 day moving average of $102.39 and a 200 day moving average of $99.02. AerCap Holdings has a 52-week low of $82.21 and a 52-week high of $114.42.

AerCap (NYSE:AER - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share for the quarter, topping the consensus estimate 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%. The firm's quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.29 EPS. On average, equities analysts predict that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

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

AerCap Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Wednesday, May 14th. AerCap's dividend payout ratio is currently 9.58%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AER shares. UBS Group lowered AerCap to an "underperform" rating in a research report on Friday, March 7th. Susquehanna lifted their price target on AerCap from $120.00 to $130.00 and gave the company a "positive" rating in a research report on Tuesday, May 13th. Morgan Stanley lifted their price target on AerCap from $101.00 to $111.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. Barclays restated an "overweight" rating and set a $115.00 price target (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. lifted their price target on AerCap from $112.00 to $114.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.