Lombard Odier Asset Management USA Corp Cuts Holdings in Aercap Holdings N.V. $AER

Lombard Odier Asset Management USA Corp reduced its holdings in Aercap Holdings N.V. (NYSE:AER) by 49.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 10,458 shares of the financial services provider’s stock after selling 10,360 shares during the quarter. Lombard Odier Asset Management USA Corp’s holdings in Aercap were worth $1,435,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of AER. State Street Corp raised its position in Aercap by 3.7% in the fourth quarter. State Street Corp now owns 5,112,626 shares of the financial services provider’s stock worth $735,003,000 after acquiring an additional 184,425 shares in the last quarter. Mawer Investment Management Ltd. boosted its position in shares of Aercap by 56.3% during the 4th quarter. Mawer Investment Management Ltd. now owns 3,272,935 shares of the financial services provider’s stock worth $470,517,000 after purchasing an additional 1,179,241 shares in the last quarter. Ninety One UK Ltd grew its stake in shares of Aercap by 1.1% during the 4th quarter. Ninety One UK Ltd now owns 2,804,003 shares of the financial services provider’s stock worth $403,103,000 after purchasing an additional 31,794 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Aercap by 2.7% during the 4th 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 period. Finally, WGI DM LLC increased its holdings in shares of Aercap by 1.2% in the 4th quarter. WGI DM LLC now owns 2,586,515 shares of the financial services provider’s stock valued at $371,837,000 after purchasing an additional 30,703 shares in the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Aercap Price Performance

Aercap stock opened at $151.33 on Friday. Aercap Holdings N.V. has a 52 week low of $105.65 and a 52 week high of $155.99. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34. The firm’s 50-day simple moving average is $143.77 and its 200 day simple moving average is $143.36. The firm has a market capitalization of $25.25 billion, a PE ratio of 6.63, a P/E/G ratio of 1.05 and a beta of 0.94.

Aercap (NYSE:AER) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 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. On average, equities research analysts predict that Aercap Holdings N.V. will post 17.39 EPS for the current fiscal year.

Aercap announced that its Board of Directors has initiated a stock buyback plan 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 stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Aercap Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, May 13th. Aercap’s dividend payout ratio is 7.01%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AER. Zacks Research upgraded shares of Aercap from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Citigroup initiated coverage on shares of Aercap in a report on Monday, July 20th. They issued a “buy” rating and a $173.00 target price for the company. Barclays lifted their price target 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. JPMorgan Chase & Co. boosted their price target on Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Susquehanna upped their price target on Aercap from $170.00 to $176.00 and gave the stock a “positive” rating in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $168.67.

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.