Woodline Partners LP Has $12.28 Million Stock Position in AerCap Holdings (NYSE:AER)

Woodline Partners LP lifted its stake in AerCap Holdings (NYSE:AER) by 23.2% during the 4th quarter, HoldingsChannel reports. The fund owned 128,311 shares of the financial services provider’s stock after buying an additional 24,198 shares during the period. Woodline Partners LP’s holdings in AerCap were worth $12,279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of AER. Barclays PLC grew its stake in shares of AerCap by 95.5% in the third quarter. Barclays PLC now owns 91,707 shares of the financial services provider’s stock worth $8,687,000 after acquiring an additional 44,797 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of AerCap by 159.8% in the fourth quarter. SG Americas Securities LLC now owns 46,261 shares of the financial services provider’s stock worth $4,427,000 after acquiring an additional 28,452 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in AerCap by 6.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 449,209 shares of the financial services provider’s stock worth $42,989,000 after purchasing an additional 26,434 shares during the period. Toth Financial Advisory Corp bought a new position in AerCap in the fourth quarter worth $29,000. Finally, Blue Trust Inc. lifted its position in AerCap by 51.7% in the fourth 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. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on AerCap from $112.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. UBS Group cut AerCap to an “underperform” rating in a research report on Friday, March 7th. Susquehanna raised their target price on AerCap from $120.00 to $130.00 and gave the stock a “positive” rating in a research report on Tuesday, May 13th. Bank of America raised their target price on AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Finally, Barclays reaffirmed an “overweight” rating and issued a $115.00 target price (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. One 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’s stock. According to data from MarketBeat, AerCap has an average rating of “Moderate Buy” and an average price target of $119.25.

AerCap Stock Performance

AerCap stock opened at $112.30 on Thursday. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a fifty day moving average price of $102.39 and a two-hundred day moving average price of $99.02. AerCap Holdings has a 52-week low of $82.21 and a 52-week high of $114.42. The firm has a market capitalization of $20.98 billion, a P/E ratio of 8.90, a P/E/G ratio of 2.22 and a beta of 1.41.

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

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

AerCap Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.96%. AerCap’s dividend payout ratio (DPR) is presently 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.