Wedge Capital Management L L P NC Has $33.67 Million Position in Aercap Holdings N.V. $AER

Wedge Capital Management L L P NC cut its holdings in Aercap Holdings N.V. (NYSE:AER) by 24.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 234,204 shares of the financial services provider’s stock after selling 77,799 shares during the period. Wedge Capital Management L L P NC’s holdings in Aercap were worth $33,669,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Wedmont Private Capital grew its holdings in Aercap by 3.9% in the 4th quarter. Wedmont Private Capital now owns 1,979 shares of the financial services provider’s stock valued at $290,000 after buying an additional 74 shares during the last quarter. Argentarii LLC lifted its holdings in shares of Aercap by 2.8% during the fourth quarter. Argentarii LLC now owns 2,793 shares of the financial services provider’s stock worth $402,000 after buying an additional 77 shares during the last quarter. Savant Capital LLC boosted its position in shares of Aercap by 2.4% in the third quarter. Savant Capital LLC now owns 3,417 shares of the financial services provider’s stock valued at $413,000 after acquiring an additional 80 shares during the period. Kathmere Capital Management LLC boosted its position in shares of Aercap by 3.9% in the third quarter. Kathmere Capital Management LLC now owns 2,246 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 85 shares during the period. Finally, Huntington National Bank grew its stake in shares of Aercap by 11.7% in the third quarter. Huntington National Bank now owns 895 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 94 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AER shares. Zacks Research lowered shares of Aercap from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Deutsche Bank Aktiengesellschaft set a $175.00 price target on shares of Aercap and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Barclays upped their price objective on shares of Aercap from $144.00 to $162.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Morgan Stanley increased their target price on shares of Aercap from $150.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Finally, Truist Financial assumed coverage on Aercap in a research report on Tuesday, December 9th. They set a “buy” rating and a $159.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $153.38.

Aercap Stock Down 0.5%

Shares of AER stock opened at $133.43 on Friday. The stock has a market cap of $22.27 billion, a P/E ratio of 6.25, a price-to-earnings-growth ratio of 1.18 and a beta of 1.01. Aercap Holdings N.V. has a one year low of $85.57 and a one year high of $154.94. The stock has a fifty day moving average price of $143.06 and a 200 day moving average price of $136.04. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.23 and a quick ratio of 0.23.

Aercap (NYSE:AER) last announced its quarterly earnings results on Saturday, February 7th. The financial services provider reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.64. Aercap had a net margin of 44.04% and a return on equity of 15.11%. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the firm posted $3.31 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts predict that Aercap Holdings N.V. will post 11.29 earnings per share for the current year.

Aercap Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Wednesday, February 25th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This is an increase from Aercap’s previous quarterly dividend of $0.27. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Aercap’s payout ratio is presently 7.50%.

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.