Renaissance Group LLC Has $8.31 Million Holdings in Aercap Holdings N.V. $AER

Renaissance Group LLC decreased its holdings in Aercap Holdings N.V. (NYSE:AER) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,796 shares of the financial services provider’s stock after selling 4,330 shares during the period. Renaissance Group LLC’s holdings in Aercap were worth $8,309,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Mizuho Markets Cayman LP increased its stake in Aercap by 45,615.5% in 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 buying an additional 3,502,812 shares during the period. Norges Bank purchased a new position in Aercap in the fourth quarter valued at about $352,172,000. Mawer Investment Management Ltd. increased its holdings in Aercap by 56.3% in the fourth quarter. Mawer Investment Management Ltd. now owns 3,272,935 shares of the financial services provider’s stock worth $470,517,000 after buying an additional 1,179,241 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in shares of Aercap by 642.7% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,111,552 shares of the financial services provider’s stock worth $134,498,000 after purchasing an additional 961,890 shares during the last quarter. Finally, AustralianSuper Pty Ltd increased its position in Aercap by 118.3% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,390,165 shares of the financial services provider’s stock worth $199,850,000 after buying an additional 753,259 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Morgan Stanley lowered their price target on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Susquehanna lifted 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. Barclays boosted their price objective on shares of Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Truist Financial upped their price objective on shares of Aercap from $159.00 to $161.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $163.13.

Aercap Trading Down 3.2%

Shares of AER opened at $134.58 on Thursday. The stock’s 50-day moving average price is $141.12 and its 200 day moving average price is $141.75. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $22.46 billion, a price-to-earnings ratio of 5.90, a P/E/G ratio of 0.97 and a beta of 0.93. Aercap Holdings N.V. has a 12-month low of $105.65 and a 12-month high of $154.94.

Aercap (NYSE:AER) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. The company had revenue of $2.30 billion for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%. As a group, research analysts predict that Aercap Holdings N.V. will post 17.23 earnings per share for the current year.

Aercap Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, May 13th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Aercap’s payout ratio is currently 7.01%.

Aercap declared that its Board of Directors has initiated a share repurchase plan on Wednesday, April 29th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.