Aercap Holdings N.V. $AER is Check Capital Management Inc. CA’s 5th Largest Position

Check Capital Management Inc. CA reduced its position in Aercap Holdings N.V. (NYSE:AER) by 1.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 817,655 shares of the financial services provider’s stock after selling 9,707 shares during the quarter. Aercap comprises about 3.3% of Check Capital Management Inc. CA’s holdings, making the stock its 5th largest position. Check Capital Management Inc. CA’s holdings in Aercap were worth $112,166,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Arbejdsmarkedets Tillaegspension purchased a new position in shares of Aercap in the 4th quarter valued at approximately $23,935,000. Convergence Investment Partners LLC acquired a new position in shares of Aercap in the fourth quarter valued at approximately $1,520,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Aercap by 6.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 175,986 shares of the financial services provider’s stock worth $25,453,000 after purchasing an additional 10,447 shares during the last quarter. Lombard Odier Asset Management USA Corp raised its stake in shares of Aercap by 50.9% during the third quarter. Lombard Odier Asset Management USA Corp now owns 23,717 shares of the financial services provider’s stock worth $2,870,000 after purchasing an additional 8,003 shares during the last quarter. Finally, Pacific Capital Partners Ltd lifted its holdings in shares of Aercap by 65.8% during the fourth quarter. Pacific Capital Partners Ltd now owns 32,750 shares of the financial services provider’s stock worth $4,708,000 after purchasing an additional 13,000 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on AER. Barclays lifted their price objective on shares of Aercap from $164.00 to $179.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Weiss Ratings upgraded shares of Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, July 8th. Morgan Stanley reduced their target price on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. TD Cowen lifted their target price on shares of Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Susquehanna boosted their price target on shares of Aercap from $170.00 to $176.00 and gave the stock a “positive” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $167.50.

Aercap Price Performance

AER stock opened at $149.16 on Tuesday. The firm has a 50 day moving average of $143.20 and a 200-day moving average of $143.07. Aercap Holdings N.V. has a 12-month low of $105.65 and a 12-month high of $155.99. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34. The company has a market cap of $24.89 billion, a price-to-earnings ratio of 6.54, a PEG ratio of 1.04 and a beta of 0.94.

Aercap (NYSE:AER) last posted its earnings results 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 company had revenue of $2.30 billion for the quarter. As a group, equities analysts expect that Aercap Holdings N.V. will post 17.34 EPS for the current fiscal year.

Aercap Dividend Announcement

The firm also recently announced 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 1.1%. The ex-dividend date was Wednesday, May 13th. Aercap’s dividend payout ratio (DPR) is 7.01%.

Aercap announced that its board has approved 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 purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Aercap Company 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.