London Co. of Virginia Sells 280,763 Shares of Aercap Holdings N.V. $AER

London Co. of Virginia lowered its holdings in Aercap Holdings N.V. (NYSE:AER) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,761,384 shares of the financial services provider’s stock after selling 280,763 shares during the quarter. Aercap accounts for 2.3% of London Co. of Virginia’s holdings, making the stock its 7th biggest position. London Co. of Virginia’s holdings in Aercap were worth $396,978,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Aercap in the fourth quarter worth $27,000. Greenline Wealth Management LLC acquired a new stake in shares of Aercap in the fourth quarter worth $30,000. Advisory Services Network LLC acquired a new stake in shares of Aercap in the third quarter worth $35,000. Geneos Wealth Management Inc. increased its stake in shares of Aercap by 26.6% in the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 94 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Aercap by 36.5% in the fourth quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 96 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

Aercap Stock Performance

AER opened at $142.87 on Wednesday. The firm has a market capitalization of $23.84 billion, a PE ratio of 6.26, a PEG ratio of 0.99 and a beta of 0.93. Aercap Holdings N.V. has a twelve month low of $105.65 and a twelve month high of $154.94. The firm’s 50-day moving average price is $141.26 and its 200 day moving average price is $141.99. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34.

Aercap (NYSE:AER) last issued its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 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. As a group, sell-side analysts expect that Aercap Holdings N.V. will post 17.23 EPS for the current fiscal year.

Aercap declared that its Board of Directors has initiated a stock buyback program on Wednesday, April 29th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Aercap Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th were given a $0.40 dividend. The ex-dividend date of this dividend 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 currently 7.01%.

Wall Street Analyst Weigh In

AER has been the topic of a number of research reports. Truist Financial increased their price objective on shares of Aercap from $159.00 to $161.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Zacks Research lowered shares of Aercap from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Weiss Ratings lowered shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. raised their price target 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. Finally, Susquehanna raised their price target on shares of Aercap from $165.00 to $170.00 and gave the company a “positive” rating in a research report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $163.13.

Aercap Company 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.