Man Group plc Sells 764,875 Shares of Aercap Holdings N.V. $AER

Man Group plc decreased its position in shares of Aercap Holdings N.V. (NYSE:AER) by 50.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 741,996 shares of the financial services provider’s stock after selling 764,875 shares during the quarter. Man Group plc owned approximately 0.40% of Aercap worth $106,669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AER. Harbor Capital Advisors Inc. bought a new position in shares of Aercap during the 4th quarter worth $27,000. Greenline Wealth Management LLC bought a new position in shares of Aercap during the 4th quarter worth $30,000. Advisory Services Network LLC bought a new position in shares of Aercap during the 3rd quarter worth $35,000. Geneos Wealth Management Inc. grew its stake in shares of Aercap by 26.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 94 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Aercap by 36.5% during the 4th quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 96 shares during the period. Institutional investors own 96.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on AER shares. TD Cowen increased their price target on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. boosted their price objective on Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Morgan Stanley decreased their price objective on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Barclays boosted their price objective on Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Zacks Research lowered Aercap from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $163.13.

Aercap Trading Up 0.8%

Shares of AER stock opened at $144.06 on Thursday. The stock has a market capitalization of $24.04 billion, a PE ratio of 6.31, a P/E/G ratio of 1.00 and a beta of 0.93. Aercap Holdings N.V. has a 1-year low of $105.65 and a 1-year high of $154.94. The business has a 50-day moving average of $141.31 and a 200 day moving average of $142.07. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24.

Aercap (NYSE:AER) last issued its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. The company had revenue of $2.30 billion during the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%. As a group, sell-side analysts anticipate that Aercap Holdings N.V. will post 17.23 earnings per share for the current year.

Aercap declared that its Board of Directors has initiated a stock repurchase program on Wednesday, April 29th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Aercap Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, May 13th. This represents a $1.60 annualized dividend and a yield of 1.1%. Aercap’s dividend payout ratio is currently 7.01%.

About Aercap

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.