Renaissance Group LLC Sells 4,330 Shares of Aercap Holdings N.V. $AER

Renaissance Group LLC trimmed its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 7.0% during the fourth quarter, Holdings Channel reports. The firm owned 57,796 shares of the financial services provider’s stock after selling 4,330 shares during the period. Renaissance Group LLC’s holdings in Aercap were worth $8,309,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wedmont Private Capital raised its holdings in shares of Aercap by 3.9% in the 4th quarter. Wedmont Private Capital now owns 1,979 shares of the financial services provider’s stock worth $290,000 after buying an additional 74 shares in the last quarter. Argentarii LLC boosted its stake in Aercap by 2.8% in the 4th quarter. Argentarii LLC now owns 2,793 shares of the financial services provider’s stock valued at $402,000 after buying an additional 77 shares in the last quarter. Savant Capital LLC boosted its stake in Aercap by 2.4% in the 3rd quarter. Savant Capital LLC now owns 3,417 shares of the financial services provider’s stock valued at $413,000 after buying an additional 80 shares in the last quarter. Huntington National Bank grew its position in Aercap by 11.7% in the third quarter. Huntington National Bank now owns 895 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 94 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in Aercap by 26.6% during the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 94 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors.

Aercap Stock Down 3.2%

NYSE:AER opened at $134.58 on Thursday. The company has a market cap of $22.46 billion, a price-to-earnings ratio of 5.90, a P/E/G ratio of 0.97 and a beta of 0.93. 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 stock’s fifty day moving average price is $141.12 and its two-hundred day moving average price is $141.75. Aercap Holdings N.V. has a 52-week low of $105.65 and a 52-week high of $154.94.

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

Aercap declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, April 29th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Aercap Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, May 13th. Aercap’s payout ratio is currently 7.01%.

Analyst Ratings Changes

AER has been the subject of a number of analyst reports. Zacks Research cut Aercap from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Truist Financial increased their target price on shares of Aercap from $159.00 to $161.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings downgraded shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, May 26th. Morgan Stanley reduced their price target on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Finally, Susquehanna upped their price objective on shares of Aercap from $165.00 to $170.00 and gave the stock a “positive” rating in a research note on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.13.

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.