Atlas Capital Advisors Inc. Sells 576 Shares of AerCap Holdings (NYSE:AER)

Atlas Capital Advisors Inc. trimmed its position in shares of AerCap Holdings (NYSE:AER) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,821 shares of the financial services provider’s stock after selling 576 shares during the period. Atlas Capital Advisors Inc.’s holdings in AerCap were worth $461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in AerCap by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 230,945 shares of the financial services provider’s stock valued at $21,875,000 after buying an additional 643 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of AerCap in the third quarter worth $66,000. Benjamin Edwards Inc. bought a new position in AerCap during the third quarter worth $413,000. Centiva Capital LP acquired a new position in AerCap during the 3rd quarter valued at $572,000. Finally, Hilltop Holdings Inc. bought a new stake in AerCap in the 3rd quarter valued at $236,000. 96.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AER shares. Bank of America upped their price objective on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Barclays reiterated an “overweight” rating and issued a $115.00 price objective (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Susquehanna boosted their price objective on AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a research report on Thursday, February 27th. Finally, UBS Group cut AerCap to an “underperform” rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, AerCap has an average rating of “Moderate Buy” and an average price target of $117.43.

AerCap Stock Down 9.3 %

Shares of NYSE AER opened at $89.51 on Friday. The business has a fifty day moving average of $100.01 and a two-hundred day moving average of $97.30. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. AerCap Holdings has a 52-week low of $81.93 and a 52-week high of $107.36. The stock has a market cap of $16.72 billion, a PE ratio of 7.09, a PEG 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 the consensus estimate of $2.56 by $0.75. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.97 billion. As a group, equities research analysts expect that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th were given a $0.27 dividend. This is an increase from AerCap’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, March 12th. This represents a $1.08 annualized dividend and a yield of 1.21%. AerCap’s payout ratio is presently 9.99%.

AerCap announced that its Board of Directors has authorized a share buyback plan on Wednesday, February 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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.