L1 Capital International Pty Ltd Boosts Stake in Aercap Holdings N.V. $AER

L1 Capital International Pty Ltd lifted its stake in Aercap Holdings N.V. (NYSE:AER) by 344.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,527,454 shares of the financial services provider’s stock after purchasing an additional 1,183,616 shares during the period. Aercap accounts for approximately 11.4% of L1 Capital International Pty Ltd’s holdings, making the stock its largest holding. L1 Capital International Pty Ltd’s holdings in Aercap were worth $219,587,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new position in shares of Aercap in the 4th quarter worth $27,000. Advisory Services Network LLC acquired a new stake in Aercap during the 3rd quarter worth $35,000. GAMMA Investing LLC raised its stake in Aercap by 36.5% during the 4th quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock worth $52,000 after buying an additional 96 shares during the period. Geneos Wealth Management Inc. raised its stake in Aercap by 26.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after buying an additional 94 shares during the period. Finally, Leonteq Securities AG acquired a new stake in Aercap during the 4th quarter worth $68,000. 96.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AER shares. JPMorgan Chase & Co. raised their price objective on Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings downgraded Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. TD Cowen raised their price objective on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Susquehanna raised their price objective on Aercap from $165.00 to $170.00 and gave the stock a “positive” rating in a research note on Thursday, April 30th. Finally, Barclays raised their price objective on Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a research note 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.13.

Aercap Stock Performance

AER opened at $139.81 on Friday. The business’s 50-day moving average price is $141.13 and its two-hundred day moving average price is $141.78. Aercap Holdings N.V. has a 1 year low of $105.65 and a 1 year high of $154.94. The company has a market capitalization of $23.33 billion, a price-to-earnings ratio of 6.13, a P/E/G ratio of 0.96 and a beta of 0.93. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24.

Aercap (NYSE:AER) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%.The firm had revenue of $2.30 billion for the quarter. Equities analysts expect that Aercap Holdings N.V. will post 17.23 EPS for the current fiscal year.

Aercap announced that its board has initiated a stock buyback plan on Wednesday, April 29th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Aercap Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Aercap’s dividend payout ratio (DPR) is currently 7.01%.

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.