J. Safra Sarasin Holding AG Sells 581 Shares of AerCap Holdings (NYSE:AER)

J. Safra Sarasin Holding AG lowered its stake in AerCap Holdings (NYSE:AER) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,280 shares of the financial services provider’s stock after selling 581 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in AerCap were worth $1,558,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AER. OneDigital Investment Advisors LLC increased its position in shares of AerCap by 380.0% during the 4th quarter. OneDigital Investment Advisors LLC now owns 11,145 shares of the financial services provider’s stock valued at $1,067,000 after purchasing an additional 8,823 shares during the last quarter. Tower Research Capital LLC TRC grew its position in AerCap by 11,446.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,002 shares of the financial services provider’s stock valued at $287,000 after buying an additional 2,976 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in AerCap by 7.2% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 322,270 shares of the financial services provider’s stock valued at $30,842,000 after buying an additional 21,510 shares during the last quarter. MML Investors Services LLC raised its position in AerCap by 8.9% in the fourth quarter. MML Investors Services LLC now owns 58,155 shares of the financial services provider’s stock worth $5,565,000 after acquiring an additional 4,761 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in shares of AerCap by 35.3% during the 4th quarter. MetLife Investment Management LLC now owns 22,600 shares of the financial services provider’s stock worth $2,163,000 after acquiring an additional 5,900 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.

AerCap Stock Performance

Shares of NYSE AER opened at $97.00 on Wednesday. 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 company has a market cap of $18.12 billion, a P/E ratio of 7.69, a P/E/G ratio of 2.22 and a beta of 1.46. The firm’s fifty day moving average is $99.27 and its two-hundred day moving average is $97.19. AerCap Holdings has a 52-week low of $82.21 and a 52-week high of $107.36.

AerCap (NYSE:AER) last posted its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.75. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.97 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. As a group, analysts anticipate that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap announced that its board has initiated a share buyback plan on Wednesday, February 26th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 4.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

AerCap Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th were issued a $0.27 dividend. The ex-dividend date was Wednesday, March 12th. 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 1.11%. AerCap’s dividend payout ratio (DPR) is 9.99%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Barclays reaffirmed an “overweight” rating and issued a $115.00 target price (up from $113.00) on shares of AerCap in a report on Thursday, February 27th. Morgan Stanley reduced their target price on shares of AerCap from $112.00 to $101.00 and set an “equal weight” rating for the company in a report on Friday, April 11th. Susquehanna upped their price target on shares of AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research report on Thursday, February 27th. UBS Group downgraded shares of AerCap to an “underperform” rating in a research report on Friday, March 7th. Finally, Bank of America upped their target price on shares of AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, AerCap has a consensus rating of “Moderate Buy” and a consensus target price of $117.14.

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.