Sciencast Management LP Has $348,000 Position in AerCap Holdings (NYSE:AER)

Sciencast Management LP lowered its stake in AerCap Holdings (NYSE:AER) by 76.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,632 shares of the financial services provider’s stock after selling 11,815 shares during the period. Sciencast Management LP’s holdings in AerCap were worth $348,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. First Horizon Advisors Inc. increased its holdings in shares of AerCap by 15.3% in the third quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 108 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in AerCap by 0.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,192 shares of the financial services provider’s stock worth $1,837,000 after acquiring an additional 115 shares during the period. Signaturefd LLC grew its holdings in AerCap by 3.2% during the 4th quarter. Signaturefd LLC now owns 5,717 shares of the financial services provider’s stock worth $547,000 after acquiring an additional 177 shares during the period. Dorsey & Whitney Trust CO LLC grew its holdings in AerCap by 3.8% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 5,322 shares of the financial services provider’s stock worth $509,000 after acquiring an additional 194 shares during the period. Finally, Inspire Advisors LLC grew its holdings in AerCap by 3.4% during the 4th quarter. Inspire Advisors LLC now owns 6,336 shares of the financial services provider’s stock worth $606,000 after acquiring an additional 209 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on AER. Barclays reaffirmed an “overweight” rating and set a $115.00 target price (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. Susquehanna lifted their target price on shares of AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a report on Thursday, February 27th. Bank of America lifted their target price on shares of AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Finally, UBS Group lowered shares of AerCap to an “underperform” rating in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $117.43.

AerCap Price Performance

Shares of AER stock opened at $102.13 on Friday. AerCap Holdings has a 12-month low of $81.93 and a 12-month high of $107.36. The firm has a market capitalization of $19.08 billion, a price-to-earnings ratio of 8.09, a price-to-earnings-growth ratio of 2.22 and a beta of 1.83. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a fifty day moving average of $98.89 and a 200-day moving average of $96.70.

AerCap (NYSE:AER) last posted 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. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.97 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. On average, equities research analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be given a $0.27 dividend. This is a boost from AerCap’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.06%. The ex-dividend date is Wednesday, March 12th. AerCap’s payout ratio is currently 9.99%.

AerCap announced that its board has approved a stock repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is 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.