University of Texas Texas AM Investment Management Co. Takes $3.35 Million Position in Aercap Holdings N.V. $AER

University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Aercap Holdings N.V. (NYSE:AER) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 23,277 shares of the financial services provider’s stock, valued at approximately $3,346,000.

Several other hedge funds also recently modified their holdings of the company. Sienna Gestion acquired a new position in shares of Aercap during the 4th quarter valued at $14,270,000. Thornburg Investment Management Inc. increased its position in shares of Aercap by 61.6% during the 4th quarter. Thornburg Investment Management Inc. now owns 116,740 shares of the financial services provider’s stock valued at $16,783,000 after purchasing an additional 44,502 shares during the period. Panagora Asset Management Inc. increased its position in shares of Aercap by 446.1% during the 4th quarter. Panagora Asset Management Inc. now owns 13,859 shares of the financial services provider’s stock valued at $1,992,000 after purchasing an additional 11,321 shares during the period. MML Investors Services LLC increased its position in shares of Aercap by 2.8% during the 4th quarter. MML Investors Services LLC now owns 62,357 shares of the financial services provider’s stock valued at $8,964,000 after purchasing an additional 1,723 shares during the period. Finally, Mariner LLC lifted its position in shares of Aercap by 22.6% during the 4th quarter. Mariner LLC now owns 34,712 shares of the financial services provider’s stock valued at $4,990,000 after acquiring an additional 6,400 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AER shares. TD Cowen increased their price objective on Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings downgraded Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, May 26th. Zacks Research downgraded Aercap from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Susquehanna increased their price objective on Aercap from $165.00 to $170.00 and gave the company a “positive” rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. increased their price objective on Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.13.

Aercap Price Performance

Shares of NYSE:AER opened at $141.61 on Tuesday. The stock has a fifty day moving average of $141.18 and a 200-day moving average of $141.92. The company has a market capitalization of $23.63 billion, a PE ratio of 6.21, a price-to-earnings-growth ratio of 0.98 and a beta of 0.93. 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.

Aercap (NYSE:AER) last released its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) 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, equities analysts anticipate that Aercap Holdings N.V. will post 17.23 EPS for the current fiscal year.

Aercap Dividend Announcement

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

Aercap announced that its board has initiated 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 usually a sign that the company’s leadership believes its shares are undervalued.

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.