Occudo Quantitative Strategies LP Takes Position in AerCap Holdings (NYSE:AER)

Occudo Quantitative Strategies LP acquired a new position in shares of AerCap Holdings (NYSE:AER) in the fourth quarter, Holdings Channel.com reports. The fund acquired 11,121 shares of the financial services provider’s stock, valued at approximately $1,064,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp purchased a new position in shares of AerCap during the fourth quarter worth approximately $29,000. Pinpoint Asset Management Ltd bought a new position in shares of AerCap during the 4th quarter valued at $35,000. Eagle Bay Advisors LLC raised its position in AerCap by 1,148.5% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 1,160 shares during the period. Blue Trust Inc. raised its position in AerCap by 51.7% in the 4th quarter. Blue Trust Inc. now owns 1,388 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 473 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in AerCap by 110.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,740 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 914 shares during the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barclays reissued 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. Susquehanna lifted their price target on AerCap from $120.00 to $130.00 and gave the stock a “positive” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price objective on AerCap from $112.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Morgan Stanley raised their target price on shares of AerCap from $101.00 to $111.00 and gave the stock an “equal weight” rating in a report on Thursday, May 1st. Finally, UBS Group downgraded shares of AerCap to an “underperform” rating in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $119.25.

AerCap Trading Up 0.7%

NYSE AER opened at $112.08 on Wednesday. The stock has a market cap of $20.93 billion, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 2.22 and a beta of 1.41. AerCap Holdings has a fifty-two week low of $82.21 and a fifty-two week high of $113.10. The stock has a 50 day simple moving average of $100.61 and a two-hundred day simple moving average of $98.29. 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 (NYSE:AER) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $3.68 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.99. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.01 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.29 earnings per share. On average, analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current year.

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

AerCap Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th will be given a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.08 annualized dividend and a dividend yield of 0.96%. AerCap’s dividend payout ratio is 9.58%.

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.