State of Wyoming Raises Holdings in Aercap Holdings N.V. $AER

State of Wyoming lifted its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 71.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,854 shares of the financial services provider’s stock after buying an additional 5,347 shares during the period. State of Wyoming’s holdings in Aercap were worth $1,848,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Arbejdsmarkedets Tillaegspension purchased a new position in shares of Aercap during the 4th quarter worth approximately $23,935,000. Citigroup Inc. raised its stake in shares of Aercap by 12.7% during the 3rd quarter. Citigroup Inc. now owns 176,919 shares of the financial services provider’s stock worth $21,407,000 after buying an additional 19,975 shares in the last quarter. Alberta Investment Management Corp raised its stake in shares of Aercap by 142.4% during the 3rd quarter. Alberta Investment Management Corp now owns 38,300 shares of the financial services provider’s stock worth $4,634,000 after buying an additional 22,500 shares in the last quarter. Todd Asset Management LLC grew its holdings in shares of Aercap by 1.5% in the 3rd quarter. Todd Asset Management LLC now owns 533,961 shares of the financial services provider’s stock worth $64,610,000 after acquiring an additional 7,813 shares during the period. Finally, Convergence Investment Partners LLC acquired a new stake in shares of Aercap in the 4th quarter worth approximately $1,520,000. 96.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Susquehanna upped their price target on Aercap from $165.00 to $170.00 and gave the stock a “positive” rating in a report on Thursday, April 30th. Morgan Stanley lowered their price target on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Weiss Ratings cut Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, May 26th. Finally, TD Cowen upped their price target on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $163.13.

Aercap Price Performance

Shares of NYSE:AER opened at $134.29 on Thursday. The business’s fifty day moving average price is $140.95 and its two-hundred day moving average price is $141.63. The stock has a market cap of $22.41 billion, a PE ratio of 5.88, a price-to-earnings-growth ratio of 0.94 and a beta of 0.93. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.24. Aercap Holdings N.V. has a one year low of $105.65 and a one year high of $154.94.

Aercap (NYSE:AER) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. The firm had revenue of $2.30 billion for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%. On average, analysts forecast that Aercap Holdings N.V. will post 17.23 EPS for the current fiscal year.

Aercap Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, May 13th. Aercap’s dividend payout ratio is 7.01%.

Aercap announced that its Board of Directors has approved a share repurchase plan on Wednesday, April 29th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Aercap Company Profile

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.