Citigroup Inc. Buys 5,451 Shares of Aercap Holdings N.V. (NYSE:AER)

Citigroup Inc. raised its stake in Aercap Holdings N.V. (NYSE:AER) by 3.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 148,860 shares of the financial services provider’s stock after acquiring an additional 5,451 shares during the period. Citigroup Inc. owned about 0.08% of Aercap worth $15,209,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Alyeska Investment Group L.P. grew its holdings in shares of Aercap by 139.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,505,799 shares of the financial services provider’s stock worth $144,105,000 after purchasing an additional 875,950 shares during the last quarter. TOMS Capital Investment Management LP grew its stake in Aercap by 118.8% during the fourth quarter. TOMS Capital Investment Management LP now owns 1,398,000 shares of the financial services provider’s stock worth $133,789,000 after buying an additional 759,000 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Aercap by 190.7% during the fourth quarter. Millennium Management LLC now owns 1,074,931 shares of the financial services provider’s stock worth $102,871,000 after buying an additional 705,212 shares in the last quarter. Northern Trust Corp raised its stake in shares of Aercap by 90.9% in the fourth quarter. Northern Trust Corp now owns 1,396,937 shares of the financial services provider’s stock valued at $133,687,000 after acquiring an additional 664,990 shares during the last quarter. Finally, 59 North Capital Management LP boosted its holdings in shares of Aercap by 17.0% in the 4th quarter. 59 North Capital Management LP now owns 3,704,914 shares of the financial services provider’s stock worth $354,560,000 after acquiring an additional 538,703 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AER has been the subject of a number of recent analyst reports. Susquehanna reaffirmed a “positive” rating and set a $134.00 price target (up from $130.00) on shares of Aercap in a report on Wednesday. Barclays raised their target price on Aercap from $115.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. upped their price target on shares of Aercap from $112.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Finally, Morgan Stanley raised their price objective on shares of Aercap from $111.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $122.57.

Aercap Stock Performance

Aercap stock opened at $112.82 on Friday. Aercap Holdings N.V. has a 1 year low of $85.57 and a 1 year high of $118.07. The company’s 50-day moving average is $113.65 and its two-hundred day moving average is $106.45. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.57. The company has a market cap of $21.07 billion, a PE ratio of 7.02, a PEG ratio of 2.28 and a beta of 1.44.

Aercap (NYSE:AER) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.08. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Aercap had a net margin of 36.93% and a return on equity of 13.13%. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the firm earned $3.01 earnings per share. Equities analysts anticipate that Aercap Holdings N.V. will post 11.29 earnings per share for the current year.

Aercap Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Wednesday, August 13th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $1.08 annualized dividend and a yield of 1.0%. Aercap’s dividend payout ratio (DPR) is 6.72%.

Aercap Profile

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.