Integrated Quantitative Investments LLC Makes New Investment in AerCap Holdings (NYSE:AER)

Integrated Quantitative Investments LLC acquired a new position in shares of AerCap Holdings (NYSE:AER) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,500 shares of the financial services provider’s stock, valued at approximately $1,675,000. AerCap makes up approximately 0.8% of Integrated Quantitative Investments LLC’s investment portfolio, making the stock its 9th biggest holding.

Other hedge funds also recently modified their holdings of the company. Pinpoint Asset Management Ltd bought a new position in shares of AerCap during the fourth quarter valued at $35,000. Prudential PLC boosted its stake in shares of AerCap by 12.3% in the 4th quarter. Prudential PLC now owns 49,459 shares of the financial services provider’s stock valued at $4,733,000 after purchasing an additional 5,429 shares during the last quarter. Helix Partners Management LP bought a new position in shares of AerCap in the 4th quarter worth about $7,178,000. ExodusPoint Capital Management LP grew its stake in AerCap by 1,261.3% in the fourth quarter. ExodusPoint Capital Management LP now owns 45,180 shares of the financial services provider’s stock valued at $4,324,000 after acquiring an additional 41,861 shares during the period. Finally, Cinctive Capital Management LP lifted its stake in shares of AerCap by 33.7% in the fourth quarter. Cinctive Capital Management LP now owns 81,121 shares of the financial services provider’s stock valued at $7,763,000 after buying an additional 20,430 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Wall Street Analysts Forecast Growth

AER has been the subject of a number of recent research reports. Barclays reissued an “overweight” rating and set a $115.00 price objective (up from $113.00) on shares of AerCap in a report on Thursday, February 27th. UBS Group lowered AerCap to an “underperform” rating in a report on Friday, March 7th. Susquehanna lifted their target price on AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research note on Thursday, February 27th. Finally, Bank of America boosted their target price on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $117.43.

AerCap Trading Down 5.0 %

Shares of AER stock opened at $98.76 on Friday. The business has a 50-day moving average of $100.12 and a 200 day moving average of $97.33. 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 $81.93 and a 1-year high of $107.36. The stock has a market capitalization of $18.45 billion, a PE ratio of 7.83, a P/E/G ratio of 2.22 and a beta of 1.45.

AerCap (NYSE:AER) last issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.75. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.97 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. As a group, sell-side analysts anticipate that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th were paid a $0.27 dividend. This is an increase from AerCap’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Wednesday, March 12th. AerCap’s dividend payout ratio is presently 9.99%.

AerCap declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 26th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

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.