O Shaughnessy Asset Management LLC Purchases 1,900 Shares of AerCap Holdings (NYSE:AER)

O Shaughnessy Asset Management LLC increased its position in AerCap Holdings (NYSE:AER) by 11.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,664 shares of the financial services provider’s stock after purchasing an additional 1,900 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in AerCap were worth $1,786,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its stake in AerCap by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 230,945 shares of the financial services provider’s stock worth $21,875,000 after acquiring an additional 643 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of AerCap in the 3rd quarter worth about $66,000. Benjamin Edwards Inc. bought a new stake in shares of AerCap in the 3rd quarter worth about $413,000. Centiva Capital LP acquired a new stake in shares of AerCap during the 3rd quarter worth about $572,000. Finally, Hilltop Holdings Inc. bought a new position in AerCap during the 3rd quarter valued at about $236,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Barclays reaffirmed an “overweight” rating and set a $115.00 price objective (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. UBS Group cut AerCap to an “underperform” rating in a report on Friday, March 7th. Bank of America lifted their price objective on AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Finally, Susquehanna increased their target price on AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a report on Thursday, February 27th. One 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.43.

AerCap Stock Down 9.3 %

Shares of AER opened at $89.51 on Friday. The firm has a market capitalization of $16.72 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 2.22 and a beta of 1.45. AerCap Holdings has a 52 week low of $81.93 and a 52 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 business’s fifty day moving average price is $100.01 and its two-hundred day moving average price is $97.30.

AerCap (NYSE:AER) last announced its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.75. The firm had revenue of $2.07 billion during 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%. On average, analysts predict that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.21%. This is an increase from AerCap’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, March 12th. AerCap’s payout ratio is 9.99%.

AerCap announced that its board has approved a share repurchase program on Wednesday, February 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 4.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.