TD Private Client Wealth LLC Lowers Stock Position in AerCap Holdings (NYSE:AER)

TD Private Client Wealth LLC trimmed its position in shares of AerCap Holdings (NYSE:AER) by 17.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 680 shares of the financial services provider’s stock after selling 143 shares during the period. TD Private Client Wealth LLC’s holdings in AerCap were worth $65,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AER. Bruce & Co. Inc. grew its position in AerCap by 87.5% during the fourth quarter. Bruce & Co. Inc. now owns 150,000 shares of the financial services provider’s stock valued at $14,355,000 after acquiring an additional 70,000 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of AerCap by 1.4% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,309 shares of the financial services provider’s stock valued at $3,092,000 after purchasing an additional 443 shares in the last quarter. Vinva Investment Management Ltd purchased a new stake in shares of AerCap during the 4th quarter worth about $516,000. Xponance Inc. acquired a new stake in AerCap during the 4th quarter worth approximately $229,000. Finally, Generali Asset Management SPA SGR acquired a new stake in AerCap during the 4th quarter worth approximately $3,084,000. 96.42% of the stock is owned by hedge funds and other institutional investors.

AerCap Stock Down 0.6 %

Shares of AerCap stock opened at $102.96 on Wednesday. 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 business has a 50-day moving average of $99.21 and a 200-day moving average of $96.90. The company has a market capitalization of $19.23 billion, a PE ratio of 8.16, a P/E/G ratio of 2.22 and a beta of 1.83.

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, topping the consensus estimate 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, equities analysts forecast that AerCap Holdings will post 11.29 EPS for the current fiscal year.

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

AerCap Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.05%. This is an increase from AerCap’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, March 12th. AerCap’s dividend payout ratio is 9.99%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Bank of America boosted their price objective on shares of AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. UBS Group cut shares of AerCap to an “underperform” rating in a research report 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 report on Thursday, February 27th. Finally, Barclays restated an “overweight” rating and set a $115.00 price objective (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.