Pictet Asset Management Holding SA Reduces Stock Position in Aercap Holdings N.V. $AER

Pictet Asset Management Holding SA lowered its stake in Aercap Holdings N.V. (NYSE:AER) by 2.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 162,455 shares of the financial services provider’s stock after selling 3,712 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Aercap were worth $22,258,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. State Street Corp lifted its holdings in shares of Aercap by 3.7% during the 4th quarter. State Street Corp now owns 5,112,626 shares of the financial services provider’s stock valued at $735,003,000 after buying an additional 184,425 shares during the period. Mizuho Markets Cayman LP increased its position in Aercap by 45,615.5% during the third quarter. Mizuho Markets Cayman LP now owns 3,510,491 shares of the financial services provider’s stock valued at $424,769,000 after acquiring an additional 3,502,812 shares during the last quarter. Mawer Investment Management Ltd. increased its position in Aercap by 56.3% during the fourth quarter. Mawer Investment Management Ltd. now owns 3,272,935 shares of the financial services provider’s stock valued at $470,517,000 after acquiring an additional 1,179,241 shares during the last quarter. Ninety One UK Ltd lifted its holdings in Aercap by 1.1% in the fourth quarter. Ninety One UK Ltd now owns 2,804,003 shares of the financial services provider’s stock valued at $403,103,000 after acquiring an additional 31,794 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Aercap by 2.7% in the fourth quarter. JPMorgan Chase & Co. now owns 2,738,772 shares of the financial services provider’s stock worth $393,726,000 after purchasing an additional 71,923 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.

Aercap Trading Down 2.6%

Shares of AER opened at $142.06 on Thursday. The stock has a market capitalization of $23.71 billion, a PE ratio of 6.23, a P/E/G ratio of 1.02 and a beta of 0.93. The company’s fifty day moving average is $141.47 and its 200 day moving average is $142.67. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.24. Aercap Holdings N.V. has a fifty-two week low of $105.65 and a fifty-two week high of $154.94.

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

Aercap Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 13th were given 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 dividend yield of 1.1%. Aercap’s payout ratio is currently 7.01%.

Aercap declared that its board has approved a stock repurchase program on Wednesday, April 29th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Weiss Ratings downgraded Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. lifted their price target on shares of Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Zacks Research lowered shares of Aercap from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Morgan Stanley decreased their price target on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Finally, TD Cowen boosted their target price on shares of Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $163.12.

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.