Resonant Capital Advisors LLC Purchases 3,559 Shares of Aercap Holdings N.V. $AER

Resonant Capital Advisors LLC raised its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 139.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,105 shares of the financial services provider’s stock after acquiring an additional 3,559 shares during the period. Resonant Capital Advisors LLC’s holdings in Aercap were worth $837,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Burney Co. boosted its stake in shares of Aercap by 66.3% during the first quarter. Burney Co. now owns 60,032 shares of the financial services provider’s stock valued at $8,235,000 after purchasing an additional 23,937 shares during the period. Integrated Advisors Network LLC grew its holdings in Aercap by 19.1% in the 1st quarter. Integrated Advisors Network LLC now owns 5,423 shares of the financial services provider’s stock worth $744,000 after acquiring an additional 870 shares during the last quarter. M3F Inc. increased its position in shares of Aercap by 14.1% in the first quarter. M3F Inc. now owns 238,000 shares of the financial services provider’s stock valued at $32,649,000 after acquiring an additional 29,500 shares during the period. DGS Capital Management LLC increased its position in shares of Aercap by 11.1% in the first quarter. DGS Capital Management LLC now owns 13,005 shares of the financial services provider’s stock valued at $1,784,000 after acquiring an additional 1,301 shares during the period. Finally, AdvisorShares Investments LLC bought a new position in shares of Aercap during the first quarter valued at about $931,000. 96.42% of the stock is owned by hedge funds and other institutional investors.

Aercap Trading Down 1.6%

Aercap stock opened at $151.04 on Wednesday. Aercap Holdings N.V. has a one year low of $105.65 and a one year high of $155.99. The business’s fifty day moving average is $142.36 and its 200 day moving average is $142.93. The stock has a market capitalization of $25.20 billion, a PE ratio of 6.62, a price-to-earnings-growth ratio of 1.07 and a beta of 0.94. 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 announced 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 net margin of 45.22% and a return on equity of 16.01%. The firm had revenue of $2.30 billion for the quarter. On average, sell-side analysts predict that Aercap Holdings N.V. will post 17.23 EPS for the current year.

Aercap announced that its board has approved a stock buyback plan on Wednesday, April 29th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Aercap Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were issued 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 payout ratio is presently 7.01%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AER. Morgan Stanley dropped their price target 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. TD Cowen upped their price objective on shares of Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Susquehanna raised their target price on shares of Aercap from $170.00 to $176.00 and gave the stock a “positive” rating in a research report on Tuesday. Barclays lifted their target price on shares of Aercap from $164.00 to $179.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Weiss Ratings cut shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, May 26th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.75.

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.