Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Aercap Holdings N.V. (NYSE:AER – Free Report) by 30.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 405,254 shares of the financial services provider’s stock after purchasing an additional 95,540 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Aercap were worth $58,295,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Mizuho Markets Cayman LP raised its stake in Aercap by 45,615.5% during the 3rd quarter. Mizuho Markets Cayman LP now owns 3,510,491 shares of the financial services provider’s stock valued at $424,769,000 after purchasing an additional 3,502,812 shares during the last quarter. Ninety One UK Ltd raised its stake in Aercap by 1.1% during the 4th quarter. Ninety One UK Ltd now owns 2,804,003 shares of the financial services provider’s stock valued at $403,103,000 after purchasing an additional 31,794 shares during the last quarter. WGI DM LLC raised its stake in Aercap by 40.6% during the 3rd quarter. WGI DM LLC now owns 2,555,812 shares of the financial services provider’s stock valued at $309,253,000 after purchasing an additional 738,176 shares during the last quarter. Mawer Investment Management Ltd. raised its stake in Aercap by 35.1% during the 3rd quarter. Mawer Investment Management Ltd. now owns 2,093,694 shares of the financial services provider’s stock valued at $253,337,000 after purchasing an additional 543,465 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Aercap by 1.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,958,577 shares of the financial services provider’s stock valued at $237,409,000 after purchasing an additional 25,034 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.
Aercap Stock Down 1.7%
AER opened at $138.31 on Thursday. The firm’s 50-day simple moving average is $142.61 and its 200-day simple moving average is $138.73. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.23 and a current ratio of 0.23. Aercap Holdings N.V. has a twelve month low of $98.74 and a twelve month high of $154.94. The firm has a market cap of $23.08 billion, a price-to-earnings ratio of 6.48, a PEG ratio of 1.24 and a beta of 0.99.
Aercap Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Wednesday, February 25th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, February 25th. This is a positive change from Aercap’s previous quarterly dividend of $0.27. Aercap’s payout ratio is currently 7.50%.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on AER shares. Deutsche Bank Aktiengesellschaft set a $175.00 price objective on shares of Aercap and gave the company a “buy” rating in a research note on Tuesday, February 10th. Morgan Stanley increased their price objective 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. Zacks Research cut shares of Aercap from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. TD Cowen restated a “buy” rating on shares of Aercap in a research note on Monday, March 16th. Finally, Barclays increased their price objective on shares of Aercap from $144.00 to $162.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Aercap has an average rating of “Moderate Buy” and a consensus price target of $153.38.
View Our Latest Analysis on AER
Aercap 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.
Further Reading
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