Nissay Asset Management Corp Japan ADV Buys 209 Shares of AerCap Holdings (NYSE:AER)

Nissay Asset Management Corp Japan ADV raised its stake in AerCap Holdings (NYSE:AER) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,096 shares of the financial services provider’s stock after acquiring an additional 209 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in AerCap were worth $2,301,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Toth Financial Advisory Corp bought a new position in shares of AerCap in the 4th quarter valued at about $29,000. Pinpoint Asset Management Ltd purchased a new stake in AerCap during the fourth quarter valued at approximately $35,000. Blue Trust Inc. raised its position in AerCap by 51.7% during the fourth quarter. Blue Trust Inc. now owns 1,388 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 473 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in AerCap by 110.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,740 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 914 shares during the period. Finally, CoreCap Advisors LLC raised its position in AerCap by 104.3% during the fourth quarter. CoreCap Advisors LLC now owns 1,949 shares of the financial services provider’s stock valued at $187,000 after purchasing an additional 995 shares during the period. 96.42% of the stock is owned by hedge funds and other institutional investors.

AerCap Price Performance

AerCap stock opened at $113.24 on Friday. The stock has a market cap of $21.15 billion, a price-to-earnings ratio of 8.97, a price-to-earnings-growth ratio of 2.22 and a beta of 1.41. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. AerCap Holdings has a 1 year low of $82.21 and a 1 year high of $114.33. The firm has a 50-day moving average of $101.55 and a two-hundred day moving average of $98.66.

AerCap (NYSE:AER) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.99. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the company earned $3.29 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. On average, research analysts forecast 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 buy up to 4.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

AerCap Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 14th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.08 annualized dividend and a dividend yield of 0.95%. AerCap’s dividend payout ratio is currently 9.58%.

Analyst Upgrades and Downgrades

AER has been the topic of a number of recent research reports. Susquehanna upped their price objective on AerCap from $120.00 to $130.00 and gave the company a “positive” rating in a research report on Tuesday, May 13th. Bank of America upped 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. 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. Morgan Stanley lifted their price target on shares of AerCap from $101.00 to $111.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 1st. Finally, UBS Group cut shares of 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 assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, AerCap currently has a consensus rating of “Moderate Buy” and an average target price of $119.25.

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.