AerCap Holdings (NYSE:AER) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its holdings in AerCap Holdings (NYSE:AER) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,200 shares of the financial services provider’s stock after selling 718 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in AerCap were worth $8,632,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AER. Toth Financial Advisory Corp acquired a new stake in AerCap during the 4th quarter valued at $29,000. Fortitude Family Office LLC purchased a new stake in shares of AerCap in the fourth quarter valued at $38,000. Quantbot Technologies LP acquired a new stake in shares of AerCap during the third quarter valued at $66,000. TD Private Client Wealth LLC purchased a new stake in AerCap during the 3rd quarter worth about $78,000. Finally, Eagle Bay Advisors LLC raised its stake in AerCap by 1,148.5% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 1,160 shares during the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.

AerCap Stock Performance

Shares of AER stock opened at $102.12 on Friday. The firm has a market capitalization of $19.07 billion, a price-to-earnings ratio of 8.09, a price-to-earnings-growth ratio of 2.22 and a beta of 1.83. The company has a 50 day moving average price of $99.60 and a 200 day moving average price of $97.11. AerCap Holdings has a one year low of $81.93 and a one year 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.

AerCap (NYSE:AER) last released 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. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.97 billion. Sell-side analysts anticipate that AerCap Holdings will post 11.29 EPS for the current year.

AerCap announced that its board has initiated a share buyback 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 buy up to 4.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are 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 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Wednesday, March 12th. AerCap’s payout ratio is currently 9.99%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AER. Barclays reaffirmed an “overweight” rating and set a $115.00 price target (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. Bank of America raised their target price on shares of AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Susquehanna lifted their target price on shares of AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research note on Thursday, February 27th. Finally, UBS Group lowered AerCap to an “underperform” rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.43.

About AerCap

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.