Henry James International Management Inc. Raises Stake in AerCap Holdings (NYSE:AER)

Henry James International Management Inc. lifted its position in shares of AerCap Holdings (NYSE:AER) by 0.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 126,007 shares of the financial services provider’s stock after acquiring an additional 361 shares during the quarter. AerCap makes up 4.3% of Henry James International Management Inc.’s investment portfolio, making the stock its 5th largest position. Henry James International Management Inc. owned approximately 0.06% of AerCap worth $12,059,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp purchased a new position in shares of AerCap in the fourth quarter valued at $29,000. Truvestments Capital LLC purchased a new position in AerCap during the 3rd quarter valued at about $35,000. Fortitude Family Office LLC bought a new stake in shares of AerCap during the fourth quarter valued at about $38,000. Transamerica Financial Advisors Inc. bought a new stake in shares of AerCap during the third quarter valued at about $64,000. Finally, Quantbot Technologies LP purchased a new stake in shares of AerCap in the third quarter worth about $66,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AER. Barclays reaffirmed an “overweight” rating and set a $115.00 price objective (up previously from $113.00) on shares of AerCap in a research note on Thursday. The Goldman Sachs Group restated a “buy” rating and set a $119.00 price target on shares of AerCap in a research report on Thursday, November 21st. Finally, Susquehanna increased their price objective on AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research report on Thursday. One 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 a consensus rating of “Moderate Buy” and a consensus target price of $116.17.

AerCap Price Performance

Shares of NYSE:AER opened at $103.14 on Friday. AerCap Holdings has a one year low of $76.14 and a one 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 firm has a market capitalization of $20.42 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 2.22 and a beta of 1.81. The company’s fifty day moving average price is $97.20 and its 200-day moving average price is $95.98.

AerCap (NYSE:AER) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.75. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.97 billion. On average, equities research analysts anticipate that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.08 annualized dividend and a yield of 1.05%. This is a positive change from AerCap’s previous quarterly dividend of $0.25. AerCap’s dividend payout ratio is currently 9.99%.

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