Pinnbrook Capital Management LP Takes Position in Aercap Holdings N.V. $AER

Pinnbrook Capital Management LP bought a new stake in shares of Aercap Holdings N.V. (NYSE:AER) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 26,635 shares of the financial services provider’s stock, valued at approximately $3,829,000.

Other institutional investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new stake in shares of Aercap during the 4th quarter valued at $27,000. Advisory Services Network LLC bought a new stake in shares of Aercap during the 3rd quarter valued at $35,000. GAMMA Investing LLC lifted its position in shares of Aercap by 36.5% during the 4th quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 96 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Aercap by 26.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 94 shares during the period. Finally, Leonteq Securities AG bought a new stake in shares of Aercap during the 4th quarter valued at $68,000. 96.42% of the stock is currently owned by institutional investors.

Aercap Price Performance

Shares of AER stock opened at $139.44 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34. Aercap Holdings N.V. has a twelve month low of $105.65 and a twelve month high of $154.94. The company has a market cap of $23.27 billion, a P/E ratio of 6.11, a P/E/G ratio of 0.98 and a beta of 0.95. The business has a fifty day simple moving average of $140.42 and a 200 day simple moving average of $141.39.

Aercap (NYSE:AER) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%.The business had revenue of $2.30 billion during the quarter. On average, sell-side analysts forecast that Aercap Holdings N.V. will post 17.23 EPS for the current fiscal year.

Aercap Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th will be given a $0.40 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $1.60 annualized dividend and a yield of 1.1%. Aercap’s dividend payout ratio (DPR) is currently 7.01%.

Aercap declared that its board has approved 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 stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $175.00 target price on Aercap and gave the company a “buy” rating in a research report on Tuesday, February 10th. TD Cowen upped their price objective on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Morgan Stanley dropped their price objective on Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Finally, Barclays upped their price objective on Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $163.13.

About Aercap

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.