2 weeks Ago By ABMN Staff
Federated Hermes Inc. trimmed its position in AerCap Holdings ( NYSE:AER – Free Report ) by 27.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 1,355 shares of the financial services provider’s stock after selling 514 shares during the period. Federated Hermes Inc.’s holdings in AerCap were worth $130,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of AER. Barclays PLC increased its holdings in shares of AerCap by 95.5% during the third quarter.
Barclays PLC now owns 91,707 shares of the financial services provider’s stock valued at $8,687,000 after acquiring an additional 44,797 shares in the last quarter. World Investment Advisors LLC bought a new position in AerCap in the third quarter worth approximately $7,507,000. Wilmington Savings Fund Society FSB bought a new position in AerCap in the 3rd quarter worth $2,261,000.
Tidal Investments LLC lifted its position in shares of AerCap by 271.8% during the 3rd quarter. Tidal Investments LLC now owns 8,496 shares of the financial services provider’s stock valued at $805,000 after buying an additional 6,211 shares in the last quarter.
Finally, Synovus Financial Corp purchased a new position in AerCap during the third quarter valued at approximately $3,141,000. 96.42% of the stock is owned by hedge funds and other institutional investors.
AerCap Trading Up 2.4 % AerCap stock opened at $97.44 on Friday.
The stock’s 50 day simple moving average is $99.40 and its two-hundred day simple moving average is $97.10.
AerCap Holdings has a 12 month low of $82.21 and a 12 month high of $107.36.
The firm has a market cap of $18.20 billion, a PE ratio of 7.72, a P/E/G ratio of 2.
22 and a beta of 1.46. The company has a current ratio of 0.
67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89.
AerCap Increases Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.27 per share.
The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.
11%. This is a boost from AerCap’s previous quarterly dividend of $0.25.
AerCap’s dividend payout ratio is presently 9.99%. AerCap announced that its Board of Directors has approved a share buyback plan on Wednesday, February 26th that allows the company to repurchase $1.
00 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 4.9% of its stock through open market purchases.
Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued. Analyst Ratings Changes Several equities analysts recently weighed in on AER shares. UBS Group cut shares of AerCap to an “underperform” rating in a research note on Friday, March 7th.
Morgan Stanley reduced their price target on shares of AerCap from $112.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Friday, April 11th.
Bank of America upped their target price on AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, March 7th.
Susquehanna upped their price target on AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research report on Thursday, February 27th.
Finally, Barclays reiterated an “overweight” rating and issued a $115.00 target price (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th.
One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.
14. View Our Latest Stock Analysis on AerCap About AerCap ( Free Report ) 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. Recommended Stories Receive News & Ratings for AerCap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AerCap and related companies with MarketBeat.
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