Militia Capital Management LLC purchased a new position in Aercap Holdings N.V. (NYSE:AER – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,325 shares of the financial services provider’s stock, valued at approximately $456,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arkadios Wealth Advisors boosted its stake in Aercap by 2.7% during the 4th quarter. Arkadios Wealth Advisors now owns 2,525 shares of the financial services provider’s stock valued at $363,000 after acquiring an additional 67 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Aercap by 7.1% in the 1st quarter. Parallel Advisors LLC now owns 1,110 shares of the financial services provider’s stock valued at $152,000 after purchasing an additional 74 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Aercap by 26.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 94 shares in the last quarter. CreativeOne Wealth LLC lifted its position in shares of Aercap by 5.8% during the fourth quarter. CreativeOne Wealth LLC now owns 1,873 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 103 shares during the last quarter. Finally, Snowden Capital Advisors LLC grew its stake in Aercap by 3.0% in the second quarter. Snowden Capital Advisors LLC now owns 3,622 shares of the financial services provider’s stock worth $424,000 after purchasing an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.
Aercap Stock Performance
Shares of NYSE AER opened at $153.85 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 2.32. The firm’s 50-day moving average price is $145.39 and its two-hundred day moving average price is $143.60. Aercap Holdings N.V. has a 52-week low of $107.50 and a 52-week high of $156.33. The stock has a market capitalization of $25.67 billion, a P/E ratio of 7.57, a P/E/G ratio of 0.61 and a beta of 0.93.
Aercap announced that its Board of Directors has authorized a stock buyback program on Wednesday, April 29th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Aercap Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 12th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, August 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. Aercap’s payout ratio is currently 7.87%.
Analysts Set New Price Targets
Several analysts recently weighed in on AER shares. JPMorgan Chase & Co. boosted their price objective on Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Citigroup boosted their price target on Aercap from $173.00 to $178.00 and gave the company a “buy” rating in a report on Thursday. Barclays upped their price target on Aercap from $164.00 to $179.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. TD Cowen raised their price objective on Aercap from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Finally, Zacks Research raised shares of Aercap from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Aercap currently has a consensus rating of “Buy” and an average price target of $172.56.
Check Out Our Latest Analysis on Aercap
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.
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