Handelsbanken Fonder AB Increases Position in AerCap Holdings (NYSE:AER)

Handelsbanken Fonder AB increased its stake in shares of AerCap Holdings (NYSE:AER) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,484 shares of the financial services provider’s stock after buying an additional 493 shares during the quarter. Handelsbanken Fonder AB’s holdings in AerCap were worth $1,386,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ieq Capital LLC increased its holdings in shares of AerCap by 19.7% in the fourth quarter. Ieq Capital LLC now owns 2,830 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 466 shares during the period. Global Retirement Partners LLC grew its position in AerCap by 37.5% in the 4th quarter. Global Retirement Partners LLC now owns 6,957 shares of the financial services provider’s stock valued at $666,000 after buying an additional 1,899 shares during the last quarter. Atria Wealth Solutions Inc. increased its stake in AerCap by 5.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 5,547 shares of the financial services provider’s stock valued at $531,000 after buying an additional 306 shares during the period. Truist Financial Corp raised its position in AerCap by 5.2% during the 4th quarter. Truist Financial Corp now owns 44,670 shares of the financial services provider’s stock worth $4,275,000 after buying an additional 2,201 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in AerCap by 12.5% during the 4th quarter. CIBC Asset Management Inc now owns 21,546 shares of the financial services provider’s stock worth $2,062,000 after buying an additional 2,401 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

AerCap Stock Up 0.7 %

AER opened at $102.24 on Thursday. AerCap Holdings has a one year low of $76.00 and a one year high of $107.36. The company has a market cap of $20.24 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 2.22 and a beta of 1.81. The business’s fifty day moving average is $97.01 and its two-hundred day moving average is $95.94. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67.

AerCap (NYSE:AER) last issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.75. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.97 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. Analysts anticipate that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap declared that its board has authorized a share buyback program 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 shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

AerCap Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be given a dividend of $0.27 per share. This is an increase from AerCap’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.06%. AerCap’s payout ratio is currently 7.92%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $119.00 target price on shares of AerCap in a report on Thursday, November 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $113.83.

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.