Vanderbilt University Purchases New Position in Aercap Holdings N.V. $AER

Vanderbilt University purchased a new position in Aercap Holdings N.V. (NYSE:AER) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 46,775 shares of the financial services provider’s stock, valued at approximately $6,417,000. Aercap accounts for about 1.2% of Vanderbilt University’s investment portfolio, making the stock its 13th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Davis Investment Partners LLC purchased a new stake in shares of Aercap in the first quarter valued at approximately $396,000. Banque Cantonale Vaudoise lifted its position in shares of Aercap by 229.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 3,343 shares of the financial services provider’s stock valued at $458,000 after buying an additional 2,327 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Aercap by 33.3% during the 4th quarter. Corient Private Wealth LLC now owns 10,157 shares of the financial services provider’s stock valued at $1,460,000 after buying an additional 2,540 shares in the last quarter. EJMK Ventures LLC acquired a new stake in Aercap in the 4th quarter valued at $893,000. Finally, Arwa LLC acquired a new stake in Aercap in the 4th quarter valued at $387,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Aercap from $159.00 to $161.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. lifted their target price on shares of Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. TD Cowen boosted their target price on shares of Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Morgan Stanley reduced their price target on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings lowered shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $163.12.

Aercap Stock Up 1.0%

NYSE AER opened at $147.91 on Thursday. The business has a fifty day moving average price of $141.44 and a 200 day moving average price of $142.43. Aercap Holdings N.V. has a one year low of $105.65 and a one year high of $154.94. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $24.68 billion, a P/E ratio of 6.48, a P/E/G ratio of 1.02 and a beta of 0.93.

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

Aercap Dividend Announcement

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

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

Aercap 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.