SVB Wealth LLC Buys Shares of 4,084 AerCap Holdings (NYSE:AER)

SVB Wealth LLC purchased a new position in shares of AerCap Holdings (NYSE:AER) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 4,084 shares of the financial services provider’s stock, valued at approximately $391,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AER. Toth Financial Advisory Corp acquired a new stake in AerCap during the 4th quarter worth approximately $29,000. Truvestments Capital LLC bought a new position in shares of AerCap during the third quarter valued at $35,000. Fortitude Family Office LLC acquired a new position in shares of AerCap during the fourth quarter worth $38,000. Transamerica Financial Advisors Inc. bought a new stake in shares of AerCap in the third quarter worth $64,000. Finally, Quantbot Technologies LP acquired a new stake in AerCap in the third quarter valued at $66,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

AER has been the topic of several recent research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 target price on shares of AerCap in a report on Thursday, November 21st. Barclays reissued an “overweight” rating and set a $115.00 target price (up previously from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Finally, Susquehanna raised their price target on shares of AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $116.17.

AerCap Stock Down 2.4 %

Shares of NYSE:AER opened at $98.59 on Wednesday. AerCap Holdings has a 1 year low of $77.35 and a 1 year high of $107.36. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The business’s 50-day moving average is $97.49 and its 200-day moving average is $96.15. The company has a market capitalization of $18.41 billion, a price-to-earnings ratio of 7.81, a P/E/G ratio of 2.22 and a beta of 1.81.

AerCap (NYSE:AER) last issued 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. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.97 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. Equities research analysts predict that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.10%. This is a boost from AerCap’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, March 12th. AerCap’s dividend payout ratio (DPR) is presently 9.99%.

AerCap declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 4.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

AerCap 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.