Oppenheimer & Co. Inc. Acquires 10,273 Shares of AerCap Holdings (NYSE:AER)

Oppenheimer & Co. Inc. boosted its holdings in AerCap Holdings (NYSE:AER) by 28.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,499 shares of the financial services provider’s stock after purchasing an additional 10,273 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in AerCap were worth $4,450,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. increased its holdings in shares of AerCap by 5.3% during the third quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider’s stock valued at $545,726,000 after acquiring an additional 282,980 shares in the last quarter. State Street Corp increased its holdings in shares of AerCap by 8.3% during the third quarter. State Street Corp now owns 4,862,517 shares of the financial services provider’s stock valued at $460,579,000 after acquiring an additional 370,906 shares in the last quarter. Ninety One UK Ltd increased its holdings in shares of AerCap by 7.0% during the fourth quarter. Ninety One UK Ltd now owns 2,550,350 shares of the financial services provider’s stock valued at $244,068,000 after acquiring an additional 167,830 shares in the last quarter. FMR LLC increased its holdings in shares of AerCap by 1.3% during the third quarter. FMR LLC now owns 1,737,476 shares of the financial services provider’s stock valued at $164,574,000 after acquiring an additional 22,346 shares in the last quarter. Finally, Soros Fund Management LLC increased its holdings in shares of AerCap by 2.1% during the third quarter. Soros Fund Management LLC now owns 1,589,896 shares of the financial services provider’s stock valued at $150,595,000 after acquiring an additional 32,911 shares in the last quarter. Institutional investors own 96.42% of the company’s stock.

AerCap Stock Up 0.6 %

Shares of NYSE:AER opened at $103.14 on Friday. The business’s 50 day moving average is $97.20 and its 200 day moving average is $95.98. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. AerCap Holdings has a 12-month low of $76.14 and a 12-month high of $107.36. The stock has a market cap of $20.42 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 2.22 and a beta of 1.81.

AerCap (NYSE:AER) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.75. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.97 billion. On average, sell-side analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap declared that its board has authorized a stock buyback program on Wednesday, February 26th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

AerCap Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be given a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.08 annualized dividend and a yield of 1.05%. This is a boost from AerCap’s previous quarterly dividend of $0.25. AerCap’s payout ratio is currently 9.99%.

Analyst Ratings Changes

Several equities research analysts have recently commented on AER shares. Susquehanna boosted their price objective on AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a report on Thursday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 target price on shares of AerCap in a research report on Thursday, November 21st. Finally, Barclays reaffirmed an “overweight” rating and set a $115.00 target price (up previously from $113.00) on shares of AerCap in a research report on Thursday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.17.

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.