AerCap Holdings (NYSE:AER) Shares Acquired by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in AerCap Holdings (NYSE:AER) by 21.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,727 shares of the financial services provider’s stock after purchasing an additional 18,369 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.05% of AerCap worth $9,927,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AER. Norges Bank acquired a new stake in shares of AerCap during the fourth quarter worth $218,517,000. Alyeska Investment Group L.P. raised its stake in AerCap by 139.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,505,799 shares of the financial services provider’s stock worth $144,105,000 after acquiring an additional 875,950 shares during the last quarter. TOMS Capital Investment Management LP lifted its position in AerCap by 118.8% during the 4th quarter. TOMS Capital Investment Management LP now owns 1,398,000 shares of the financial services provider’s stock worth $133,789,000 after acquiring an additional 759,000 shares during the period. Northern Trust Corp grew its stake in AerCap by 90.9% during the 4th quarter. Northern Trust Corp now owns 1,396,937 shares of the financial services provider’s stock valued at $133,687,000 after purchasing an additional 664,990 shares during the last quarter. Finally, 59 North Capital Management LP increased its holdings in shares of AerCap by 17.0% in the fourth quarter. 59 North Capital Management LP now owns 3,704,914 shares of the financial services provider’s stock valued at $354,560,000 after purchasing an additional 538,703 shares during the period. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

AerCap Price Performance

Shares of NYSE AER opened at $109.48 on Friday. 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 firm has a market cap of $20.45 billion, a PE ratio of 8.68, a PEG ratio of 2.22 and a beta of 1.41. AerCap Holdings has a one year low of $82.21 and a one year high of $109.59. The firm has a fifty day moving average of $100.21 and a 200 day moving average of $98.04.

AerCap (NYSE:AER) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.99. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the firm earned $3.29 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, research analysts predict that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap declared that its Board of Directors has authorized a share repurchase plan 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 reacquire up to 4.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

AerCap Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Wednesday, May 14th. AerCap’s dividend payout ratio is presently 9.58%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AER. Susquehanna upped their target price on AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a research report on Thursday, February 27th. Bank of America raised 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. UBS Group lowered shares of AerCap to an “underperform” rating in a report on Friday, March 7th. JPMorgan Chase & Co. lifted their price objective on AerCap from $112.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Finally, Barclays restated an “overweight” rating and issued a $115.00 target price (up previously from $113.00) on shares of AerCap in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

About AerCap

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.