AerCap Holdings (NYSE:AER) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC cut its stake in shares of AerCap Holdings (NYSE:AER) by 17.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 680 shares of the financial services provider’s stock after selling 143 shares during the quarter. TD Private Client Wealth LLC’s holdings in AerCap were worth $65,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Toth Financial Advisory Corp purchased a new stake in AerCap during the fourth quarter worth about $29,000. Truvestments Capital LLC acquired a new stake in shares of AerCap during the 3rd quarter valued at approximately $35,000. Fortitude Family Office LLC purchased a new stake in shares of AerCap during the 4th quarter worth approximately $38,000. Transamerica Financial Advisors Inc. acquired a new stake in shares of AerCap in the 3rd quarter worth approximately $64,000. Finally, Quantbot Technologies LP purchased a new position in AerCap in the 3rd quarter valued at approximately $66,000. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Price Performance

AerCap stock opened at $102.96 on Wednesday. The stock has a market capitalization of $19.23 billion, a P/E ratio of 8.16, a P/E/G ratio of 2.22 and a beta of 1.83. AerCap Holdings has a 12-month low of $81.93 and a 12-month 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 firm’s 50-day moving average is $99.21 and its two-hundred day moving average is $96.90.

AerCap (NYSE:AER) last announced its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 32.38% and a return on equity of 13.98%. Equities analysts predict that AerCap Holdings will post 11.29 earnings per share for the current year.

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

AerCap Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors 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 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, March 12th. AerCap’s dividend payout ratio is presently 9.99%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Bank of America boosted their target price on AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Barclays reiterated an “overweight” rating and issued a $115.00 price objective (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Susquehanna raised their target price on shares of AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a report on Thursday, February 27th. Finally, UBS Group downgraded shares of AerCap to an “underperform” rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, AerCap currently has an average rating of “Moderate Buy” and a consensus price target of $117.43.

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.