National Pension Service Sells 1,825 Shares of AerCap Holdings (NYSE:AER)

National Pension Service lowered its holdings in AerCap Holdings (NYSE:AER) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 558,021 shares of the financial services provider’s stock after selling 1,825 shares during the period. National Pension Service owned approximately 0.28% of AerCap worth $53,403,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AER. Todd Asset Management LLC lifted its holdings in shares of AerCap by 1.1% during the 4th quarter. Todd Asset Management LLC now owns 523,978 shares of the financial services provider’s stock worth $50,145,000 after acquiring an additional 5,595 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of AerCap by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 446,303 shares of the financial services provider’s stock worth $42,711,000 after acquiring an additional 4,222 shares during the period. Wealthstream Advisors Inc. lifted its holdings in shares of AerCap by 32.1% during the 4th quarter. Wealthstream Advisors Inc. now owns 3,740 shares of the financial services provider’s stock worth $358,000 after acquiring an additional 909 shares during the period. Townsend & Associates Inc lifted its holdings in shares of AerCap by 1.6% during the 4th quarter. Townsend & Associates Inc now owns 186,217 shares of the financial services provider’s stock worth $17,789,000 after acquiring an additional 2,998 shares during the period. Finally, Callan Capital LLC lifted its holdings in shares of AerCap by 27.9% during the 4th quarter. Callan Capital LLC now owns 3,501 shares of the financial services provider’s stock worth $335,000 after acquiring an additional 764 shares during the period. Institutional investors own 96.42% of the company’s stock.

AerCap Trading Up 0.4 %

Shares of NYSE AER opened at $102.79 on Friday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. AerCap Holdings has a 52-week low of $76.14 and a 52-week high of $107.36. The firm has a 50 day moving average price of $97.20 and a two-hundred day moving average price of $95.98. The stock has a market cap of $20.35 billion, a P/E ratio of 8.15, a price-to-earnings-growth ratio of 2.22 and a beta of 1.81.

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

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

AerCap Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be paid a $0.27 dividend. This is a positive change from AerCap’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, March 12th. AerCap’s dividend payout ratio is currently 7.92%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Barclays reiterated an “overweight” rating and set a $115.00 price objective (up from $113.00) on shares of AerCap in a research report on Thursday. The Goldman Sachs Group reiterated a “buy” rating and set a $119.00 price objective on shares of AerCap in a research report on Thursday, November 21st. Finally, Susquehanna upped their price objective on shares of AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.17.

AerCap Company Profile

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.