Lord Abbett & CO. LLC Has $257.92 Million Stake in Aercap Holdings N.V. $AER

Lord Abbett & CO. LLC trimmed its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 2.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,794,065 shares of the financial services provider’s stock after selling 38,657 shares during the period. Aercap accounts for approximately 0.8% of Lord Abbett & CO. LLC’s holdings, making the stock its 28th largest holding. Lord Abbett & CO. LLC’s holdings in Aercap were worth $257,915,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in Aercap during the 4th quarter valued at $27,000. Advisory Services Network LLC acquired a new stake in Aercap during the 3rd quarter valued at $35,000. Geneos Wealth Management Inc. increased its stake in shares of Aercap by 26.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after buying an additional 94 shares during the period. GAMMA Investing LLC increased its stake in shares of Aercap by 36.5% in the 4th quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock valued at $52,000 after buying an additional 96 shares during the period. Finally, JFS Wealth Advisors LLC acquired a new stake in shares of Aercap in the 3rd quarter valued at $67,000. 96.42% of the stock is owned by institutional investors and hedge funds.

Aercap Stock Up 1.4%

NYSE AER opened at $139.81 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.24. Aercap Holdings N.V. has a 52 week low of $105.65 and a 52 week high of $154.94. The stock has a fifty day moving average of $141.13 and a 200-day moving average of $141.78. The stock has a market capitalization of $23.33 billion, a P/E ratio of 6.13, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93.

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

Aercap announced that its Board of Directors has approved a share repurchase program on Wednesday, April 29th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Aercap Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were paid a dividend of $0.40 per share. 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 payout ratio is 7.01%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AER shares. TD Cowen lifted their target price on Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Truist Financial lifted their target price on Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Susquehanna lifted their target price on Aercap from $165.00 to $170.00 and gave the company a “positive” rating in a research note on Thursday, April 30th. Morgan Stanley lowered their target price on Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Finally, Barclays lifted their target price on Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Aercap presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.13.

About Aercap

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.