Rhumbline Advisers Boosts Holdings in AerCap Holdings (NYSE:AER)

Rhumbline Advisers boosted its stake in shares of AerCap Holdings (NYSE:AER) by 4.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 51,349 shares of the financial services provider’s stock after purchasing an additional 2,196 shares during the period. Rhumbline Advisers’ holdings in AerCap were worth $4,914,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Toth Financial Advisory Corp purchased a new stake in AerCap in the 4th quarter worth approximately $29,000. Truvestments Capital LLC purchased a new stake in AerCap during the third quarter worth $35,000. Fortitude Family Office LLC acquired a new stake in AerCap during the fourth quarter valued at $38,000. Transamerica Financial Advisors Inc. purchased a new position in AerCap in the third quarter valued at $64,000. Finally, Quantbot Technologies LP acquired a new position in shares of AerCap in the third quarter worth about $66,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price target on shares of AerCap in a research note on Thursday, November 21st. Barclays reaffirmed an “overweight” rating and set a $115.00 target price (up from $113.00) on shares of AerCap in a research note on Thursday. Finally, Susquehanna lifted their price target on shares of AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a research note on Thursday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, AerCap presently has a consensus rating of “Moderate Buy” and an average target price of $116.17.

AerCap Stock Performance

Shares of AerCap stock opened at $102.79 on Friday. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $20.35 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 2.22 and a beta of 1.81. The business has a 50-day moving average of $97.20 and a 200 day moving average of $95.98. AerCap Holdings has a 12 month low of $76.14 and a 12 month high of $107.36.

AerCap (NYSE:AER) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.75. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.97 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. As a group, sell-side analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap declared that its board has approved a stock repurchase program on Wednesday, February 26th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

AerCap Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.05%. This is a boost from AerCap’s previous quarterly dividend of $0.25. AerCap’s dividend payout ratio (DPR) is presently 7.92%.

About AerCap

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.