AerCap Holdings (NYSE:AER) Shares Purchased by Prudential PLC

Prudential PLC boosted its position in shares of AerCap Holdings (NYSE:AER) by 12.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 49,459 shares of the financial services provider’s stock after acquiring an additional 5,429 shares during the quarter. Prudential PLC’s holdings in AerCap were worth $4,733,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of AerCap during the third quarter worth about $66,000. Benjamin Edwards Inc. acquired a new stake in AerCap during the 3rd quarter valued at approximately $413,000. Centiva Capital LP purchased a new stake in shares of AerCap in the 3rd quarter valued at $572,000. Hilltop Holdings Inc. acquired a new stake in shares of AerCap in the third quarter worth $236,000. Finally, Janus Henderson Group PLC raised its holdings in shares of AerCap by 13.8% during the third quarter. Janus Henderson Group PLC now owns 254,201 shares of the financial services provider’s stock worth $24,073,000 after purchasing an additional 30,816 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Trading Down 9.3 %

Shares of NYSE:AER opened at $89.51 on Friday. The business’s 50 day moving average price is $100.01 and its 200-day moving average price is $97.31. AerCap Holdings has a 1 year low of $81.93 and a 1 year high of $107.36. The firm has a market capitalization of $16.72 billion, a price-to-earnings ratio of 7.09, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. 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 (NYSE:AER) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.75. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.97 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. On average, equities research analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap announced that its Board of Directors has initiated a share buyback program 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 purchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

AerCap Increases Dividend

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

Analyst Ratings Changes

AER has been the topic of several recent research reports. UBS Group lowered shares of AerCap to an “underperform” rating in a report on Friday, March 7th. Barclays reaffirmed an “overweight” rating and set a $115.00 target price (up from $113.00) on shares of AerCap in a report on Thursday, February 27th. 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 report on Friday, March 7th. Finally, Susquehanna upped their price objective on AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AerCap has an average rating of “Moderate Buy” and an average target price of $117.43.

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.