Steward Partners Investment Advisory LLC Has $216,000 Holdings in AerCap Holdings (NYSE:AER)

Steward Partners Investment Advisory LLC increased its stake in AerCap Holdings (NYSE:AER) by 393.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,253 shares of the financial services provider’s stock after purchasing an additional 1,796 shares during the period. Steward Partners Investment Advisory LLC’s holdings in AerCap were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AER. Toth Financial Advisory Corp acquired a new position in AerCap in the 4th quarter worth $29,000. Truvestments Capital LLC acquired a new position in AerCap in the 3rd quarter worth $35,000. Fortitude Family Office LLC bought a new position in shares of AerCap in the 4th quarter valued at about $38,000. Transamerica Financial Advisors Inc. bought a new position in shares of AerCap in the 3rd quarter valued at about $64,000. Finally, Quantbot Technologies LP bought a new position in shares of AerCap in the 3rd quarter valued at about $66,000. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Trading Up 2.3 %

AerCap stock opened at $101.37 on Friday. AerCap Holdings has a 52 week low of $81.93 and a 52 week high of $107.36. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $18.93 billion, a P/E ratio of 8.03, a PEG ratio of 2.22 and a beta of 1.83. The stock has a 50-day simple moving average of $97.99 and a 200 day simple moving average of $96.37.

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

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 given a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 12th. This is an increase from AerCap’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.07%. AerCap’s dividend payout ratio (DPR) is 9.99%.

AerCap announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 4.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AER. Bank of America raised their price objective on AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, March 7th. Susquehanna raised their price objective on AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a report on Thursday, February 27th. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price objective on shares of AerCap in a report on Thursday, November 21st. Barclays restated an “overweight” rating and issued a $115.00 price objective (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. Finally, UBS Group cut AerCap to an “underperform” rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $117.43.

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.