Hsbc Holdings PLC Has $18.44 Million Stock Position in Aercap Holdings N.V. $AER

Hsbc Holdings PLC raised its stake in Aercap Holdings N.V. (NYSE:AER) by 37.4% during the 1st quarter, Holdings Channel reports. The fund owned 134,778 shares of the financial services provider’s stock after acquiring an additional 36,709 shares during the period. Hsbc Holdings PLC’s holdings in Aercap were worth $18,440,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new stake in shares of Aercap during the fourth quarter worth approximately $27,000. Greenline Wealth Management LLC bought a new position in shares of Aercap during the fourth quarter worth approximately $30,000. Advisory Services Network LLC bought a new position in shares of Aercap during the third quarter worth approximately $35,000. GAMMA Investing LLC lifted its holdings in 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 purchasing an additional 96 shares during the last quarter. Finally, FIL Ltd acquired a new stake in Aercap during the 4th quarter worth approximately $63,000. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Citigroup started coverage on Aercap in a research note on Monday. They issued a “buy” rating and a $173.00 price target for the company. Zacks Research downgraded Aercap from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Morgan Stanley reduced their target price 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. JPMorgan Chase & Co. upped their price target on shares of Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Susquehanna raised their price target on shares of Aercap from $170.00 to $176.00 and gave the stock a “positive” rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Aercap has a consensus rating of “Moderate Buy” and a consensus target price of $168.67.

Aercap Trading Up 2.2%

Shares of AER stock opened at $151.59 on Wednesday. The stock has a market cap of $25.30 billion, a P/E ratio of 6.64, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. Aercap Holdings N.V. has a 1 year low of $105.65 and a 1 year high of $155.99. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34. The stock has a 50 day simple moving average of $143.27 and a 200 day simple moving average of $143.23.

Aercap (NYSE:AER) last posted its quarterly earnings data 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, research analysts predict that Aercap Holdings N.V. will post 17.39 earnings per share for the current fiscal year.

Aercap Announces Dividend

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

Aercap announced that its board has authorized a stock buyback program on Wednesday, April 29th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is 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.