Cinctive Capital Management LP Has $7.76 Million Stock Holdings in AerCap Holdings (NYSE:AER)

Cinctive Capital Management LP raised its stake in AerCap Holdings (NYSE:AER) by 33.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,121 shares of the financial services provider’s stock after buying an additional 20,430 shares during the period. Cinctive Capital Management LP’s holdings in AerCap were worth $7,763,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AER. Toth Financial Advisory Corp acquired a new position in AerCap in the 4th quarter worth about $29,000. Fortitude Family Office LLC bought a new stake in shares of AerCap during the fourth quarter worth about $38,000. Quantbot Technologies LP bought a new position in AerCap in the 3rd quarter valued at approximately $66,000. TD Private Client Wealth LLC acquired a new stake in AerCap during the 3rd quarter worth approximately $78,000. Finally, Eagle Bay Advisors LLC increased its position in AerCap by 1,148.5% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 1,160 shares during the period. Institutional investors own 96.42% of the company’s stock.

Wall Street Analyst Weigh In

AER has been the topic of several analyst reports. Bank of America boosted their price objective on shares of AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Susquehanna upped their price target on AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a research report on Thursday, February 27th. UBS Group downgraded AerCap to an “underperform” rating in a research report on Friday, March 7th. Finally, Barclays reaffirmed an “overweight” rating and issued a $115.00 price objective (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AerCap currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.43.

AerCap Trading Up 0.2 %

Shares of AER stock opened at $102.38 on Wednesday. The company has a market cap of $19.12 billion, a P/E ratio of 8.11, a PEG ratio of 2.22 and a beta of 1.83. AerCap Holdings has a fifty-two week low of $81.93 and a fifty-two week high of $107.36. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a 50 day simple moving average of $99.86 and a two-hundred day simple moving average of $97.27.

AerCap (NYSE:AER) last released its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $2.56 by $0.75. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.97 billion. Research analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, March 12th. This is a positive change from AerCap’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.05%. AerCap’s dividend payout ratio is currently 9.99%.

AerCap declared that its board has authorized a stock buyback program on Wednesday, February 26th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

About AerCap

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.