Slate Path Capital LP Has $133.31 Million Holdings in AerCap Holdings (NYSE:AER)

Slate Path Capital LP lessened its stake in AerCap Holdings (NYSE:AER - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,393,000 shares of the financial services provider's stock after selling 163,000 shares during the quarter. AerCap comprises 2.4% of Slate Path Capital LP's investment portfolio, making the stock its 17th biggest position. Slate Path Capital LP owned 0.70% of AerCap worth $133,310,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. increased its stake in shares of AerCap by 59.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider's stock valued at $1,686,000 after purchasing an additional 6,654 shares during the last quarter. Bank of New York Mellon Corp grew its position in AerCap by 1.0% in 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 acquiring an additional 4,222 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in AerCap by 11.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 18,664 shares of the financial services provider's stock worth $1,786,000 after acquiring an additional 1,900 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of AerCap by 5.3% in the third quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider's stock worth $545,726,000 after acquiring an additional 282,980 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of AerCap by 95.5% in the 3rd quarter. Barclays PLC now owns 91,707 shares of the financial services provider's stock valued at $8,687,000 after purchasing an additional 44,797 shares in the last quarter. Institutional investors own 96.42% of the company's stock.

AerCap Trading Up 1.1 %

NYSE:AER traded up $1.13 during trading hours on Friday, hitting $103.30. 992,361 shares of the company were exchanged, compared to its average volume of 1,402,483. The stock has a market capitalization of $19.29 billion, a price-to-earnings ratio of 8.19, a price-to-earnings-growth ratio of 2.22 and a beta of 1.46. AerCap Holdings has a one year low of $82.21 and a one year high of $107.36. The company has a fifty day simple moving average of $99.29 and a 200 day simple moving average of $97.36. 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 (NYSE:AER - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.56 by $0.75. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.97 billion. Sell-side analysts expect that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th were paid a $0.27 dividend. This is a positive change from AerCap's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Wednesday, March 12th. AerCap's dividend payout ratio is currently 9.99%.

AerCap declared that its board has initiated a stock repurchase plan on Wednesday, February 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 4.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts recently commented on AER shares. UBS Group downgraded shares of AerCap to an "underperform" rating in a research note on Friday, March 7th. 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. Morgan Stanley cut their price objective on AerCap from $112.00 to $101.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Barclays reaffirmed an "overweight" rating and issued a $115.00 target price (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. Finally, Bank of America lifted their price target on AerCap from $105.00 to $125.00 and gave the company 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 six have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.14.

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.