River Road Asset Management LLC Reduces Stake in Aercap Holdings N.V. $AER

River Road Asset Management LLC cut its stake in Aercap Holdings N.V. (NYSE:AER) by 98.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,517 shares of the financial services provider’s stock after selling 236,215 shares during the quarter. River Road Asset Management LLC’s holdings in Aercap were worth $362,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Aercap in the fourth quarter valued at about $27,000. Greenline Wealth Management LLC purchased a new position in Aercap during the fourth quarter worth about $30,000. Advisory Services Network LLC acquired a new position in Aercap in the 3rd quarter valued at about $35,000. GAMMA Investing LLC boosted its holdings in Aercap by 36.5% in the 4th quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 96 shares during the last quarter. Finally, FIL Ltd purchased a new stake in shares of Aercap in the 4th quarter valued at approximately $63,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on AER shares. TD Cowen raised their price target on shares of Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Susquehanna upped their price objective on Aercap from $165.00 to $170.00 and gave the company a “positive” rating in a report on Thursday, April 30th. Weiss Ratings lowered Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, May 26th. Truist Financial raised their target price on Aercap from $159.00 to $161.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Morgan Stanley reduced their target price on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $163.12.

Aercap Stock Down 0.0%

Aercap stock opened at $145.03 on Friday. Aercap Holdings N.V. has a fifty-two week low of $105.65 and a fifty-two week high of $154.94. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a 50 day moving average price of $141.41 and a 200 day moving average price of $142.17. The company has a market capitalization of $24.20 billion, a PE ratio of 6.36, a price-to-earnings-growth ratio of 1.01 and a beta of 0.93.

Aercap (NYSE:AER) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%.The company had revenue of $2.30 billion for the quarter. Research analysts expect that Aercap Holdings N.V. will post 17.23 earnings per share for the current year.

Aercap Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.60 annualized dividend and a yield of 1.1%. Aercap’s dividend payout ratio is presently 7.01%.

Aercap declared that its board has authorized a stock repurchase plan on Wednesday, April 29th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Aercap Profile

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.