AerCap Holdings (NYSE:AER) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lowered its holdings in shares of AerCap Holdings (NYSE:AER) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,341 shares of the financial services provider’s stock after selling 199 shares during the period. Gulf International Bank UK Ltd’s holdings in AerCap were worth $1,372,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp acquired a new position in AerCap during the fourth quarter worth about $29,000. Truvestments Capital LLC acquired a new position in AerCap during the third quarter worth about $35,000. Fortitude Family Office LLC acquired a new position in AerCap during the fourth quarter worth about $38,000. Transamerica Financial Advisors Inc. acquired a new position in AerCap during the third quarter worth about $64,000. Finally, Quantbot Technologies LP acquired a new position in AerCap during the third quarter worth about $66,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analysts Set New Price Targets

AER has been the subject of a number of research reports. Susquehanna lifted their target price on shares of AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research report on Thursday. The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 price objective on shares of AerCap in a research report on Thursday, November 21st. Finally, Barclays reissued an “overweight” rating and issued a $115.00 price objective (up previously from $113.00) on shares of AerCap in a research report on Thursday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $116.17.

AerCap Stock Performance

NYSE:AER opened at $103.14 on Friday. AerCap Holdings has a 1-year low of $76.14 and a 1-year high of $107.36. The firm has a 50 day simple moving average of $97.37 and a 200-day simple moving average of $96.06. The firm has a market cap of $20.42 billion, a PE ratio of 8.17, a P/E/G ratio of 2.22 and a beta of 1.81. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67.

AerCap (NYSE:AER) last released its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.75. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.97 billion. On average, equities analysts expect that AerCap Holdings will post 11.29 EPS for the current year.

AerCap announced that its board has initiated a share repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

AerCap Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.05%. This is an increase from AerCap’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, March 12th. AerCap’s payout ratio is presently 9.99%.

About AerCap

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.