SG Americas Securities LLC Trims Stock Position in Aercap Holdings N.V. $AER

SG Americas Securities LLC lessened its stake in Aercap Holdings N.V. (NYSE:AER) by 3.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 205,342 shares of the financial services provider’s stock after selling 6,608 shares during the quarter. SG Americas Securities LLC’s holdings in Aercap were worth $28,169,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Arbejdsmarkedets Tillaegspension purchased a new position in shares of Aercap during the 4th quarter valued at approximately $23,935,000. Citigroup Inc. lifted its stake in shares of Aercap by 12.7% in the 3rd quarter. Citigroup Inc. now owns 176,919 shares of the financial services provider’s stock valued at $21,407,000 after purchasing an additional 19,975 shares during the period. Convergence Investment Partners LLC purchased a new stake in Aercap during the fourth quarter worth $1,520,000. M3F Inc. grew its position in Aercap by 17.5% during the third quarter. M3F Inc. now owns 208,500 shares of the financial services provider’s stock valued at $25,229,000 after buying an additional 31,000 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Aercap by 6.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 175,986 shares of the financial services provider’s stock valued at $25,453,000 after buying an additional 10,447 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Aercap Stock Performance

AER opened at $147.91 on Thursday. The firm’s fifty day simple moving average is $141.44 and its two-hundred day simple moving average is $142.43. Aercap Holdings N.V. has a 52-week low of $105.65 and a 52-week high of $154.94. The company has a market cap of $24.68 billion, a price-to-earnings ratio of 6.48, a PEG ratio of 1.02 and a beta of 0.93. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34.

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

Aercap Dividend Announcement

The company also recently disclosed 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. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, May 13th. Aercap’s payout ratio is 7.01%.

Aercap declared that its board has authorized a stock repurchase 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 buy up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AER shares. Weiss Ratings downgraded shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, May 26th. Susquehanna raised their target price on Aercap from $165.00 to $170.00 and gave the company a “positive” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their price target on Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Morgan Stanley reduced their price target on Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Finally, Zacks Research downgraded Aercap from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Aercap currently has a consensus rating of “Moderate Buy” and an average price target of $163.12.

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.