Nordea Investment Management AB Raises Stock Position in AerCap Holdings (NYSE:AER)

Nordea Investment Management AB grew its holdings in shares of AerCap Holdings (NYSE:AER) by 6.8% during the first quarter, Holdings Channel reports. The firm owned 18,025 shares of the financial services provider’s stock after purchasing an additional 1,143 shares during the quarter. Nordea Investment Management AB’s holdings in AerCap were worth $1,574,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Trust Co. of Vermont purchased a new stake in shares of AerCap during the fourth quarter worth approximately $27,000. Assetmark Inc. purchased a new stake in shares of AerCap during the fourth quarter worth approximately $42,000. CVA Family Office LLC purchased a new stake in shares of AerCap during the first quarter worth approximately $52,000. Robeco Institutional Asset Management B.V. increased its stake in shares of AerCap by 13.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 83,931 shares of the financial services provider’s stock worth $62,000 after buying an additional 10,159 shares during the period. Finally, Global Retirement Partners LLC increased its stake in shares of AerCap by 210.3% during the first quarter. Global Retirement Partners LLC now owns 754 shares of the financial services provider’s stock worth $66,000 after buying an additional 511 shares during the period. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

AerCap Price Performance

AER stock opened at $95.75 on Friday. The company has a market capitalization of $18.95 billion, a P/E ratio of 6.23, a PEG ratio of 2.23 and a beta of 1.83. AerCap Holdings has a twelve month low of $57.30 and a twelve month high of $96.95. The business has a 50 day simple moving average of $91.96 and a 200-day simple moving average of $84.15. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 2.70.

AerCap (NYSE:AER) last posted its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $3.29 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.98. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.95 billion. AerCap had a return on equity of 15.29% and a net margin of 42.78%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.34 earnings per share. As a group, equities analysts anticipate that AerCap Holdings will post 10.61 EPS for the current year.

AerCap Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Wednesday, May 22nd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Tuesday, May 21st. AerCap’s dividend payout ratio is presently 6.51%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AER shares. Morgan Stanley started coverage on shares of AerCap in a research note on Friday, June 7th. They set an “equal weight” rating and a $103.00 target price on the stock. TD Cowen upped their price target on AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft upped their price target on AerCap from $95.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Susquehanna upped their price target on AerCap from $90.00 to $100.00 and gave the company a “positive” rating in a report on Thursday, May 2nd. Finally, Barclays upped their price target on AerCap from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, AerCap has a consensus rating of “Moderate Buy” and a consensus price target of $97.56.

AerCap Company 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.