Aercap Holdings N.V. $AER Shares Purchased by Pacific Capital Partners Ltd

Pacific Capital Partners Ltd boosted its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 65.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,750 shares of the financial services provider’s stock after purchasing an additional 13,000 shares during the quarter. Aercap comprises 5.0% of Pacific Capital Partners Ltd’s portfolio, making the stock its 7th largest holding. Pacific Capital Partners Ltd’s holdings in Aercap were worth $4,708,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Citigroup Inc. grew its stake in Aercap by 12.7% in the 3rd quarter. Citigroup Inc. now owns 176,919 shares of the financial services provider’s stock valued at $21,407,000 after buying an additional 19,975 shares during the last quarter. ARGA Investment Management LP raised its holdings in Aercap by 210.8% in the 3rd quarter. ARGA Investment Management LP now owns 31,140 shares of the financial services provider’s stock worth $3,768,000 after acquiring an additional 21,120 shares during the period. Alberta Investment Management Corp boosted its holdings in Aercap by 142.4% during the third quarter. Alberta Investment Management Corp now owns 38,300 shares of the financial services provider’s stock valued at $4,634,000 after acquiring an additional 22,500 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Aercap by 13.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 135,992 shares of the financial services provider’s stock valued at $16,455,000 after acquiring an additional 16,611 shares during the period. Finally, Todd Asset Management LLC grew its position in shares of Aercap by 1.5% in the third quarter. Todd Asset Management LLC now owns 533,961 shares of the financial services provider’s stock valued at $64,610,000 after purchasing an additional 7,813 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AER. Morgan Stanley boosted their price objective on Aercap from $150.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. TD Cowen reaffirmed a “buy” rating on shares of Aercap in a research report on Monday, March 16th. Truist Financial assumed coverage on Aercap in a report on Tuesday, December 9th. They set a “buy” rating and a $159.00 price target for the company. Deutsche Bank Aktiengesellschaft set a $175.00 price objective on Aercap and gave the company a “buy” rating in a research report on Tuesday, February 10th. Finally, Zacks Research downgraded shares of Aercap from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Aercap currently has an average rating of “Moderate Buy” and an average price target of $153.38.

Aercap Stock Down 1.0%

NYSE AER opened at $131.98 on Tuesday. Aercap Holdings N.V. has a twelve month low of $85.57 and a twelve month high of $154.94. The stock has a market cap of $22.02 billion, a PE ratio of 6.18, a PEG ratio of 1.18 and a beta of 1.01. The firm has a 50-day simple moving average of $142.84 and a 200 day simple moving average of $136.30. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.23 and a current ratio of 0.23.

Aercap (NYSE:AER) last issued its quarterly earnings results on Saturday, February 7th. The financial services provider reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.64. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.07 billion. Aercap had a return on equity of 15.11% and a net margin of 44.04%.The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.31 earnings per share. On average, research analysts forecast that Aercap Holdings N.V. will post 11.29 EPS for the current year.

Aercap Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.40 per share. This is a boost from Aercap’s previous quarterly dividend of $0.27. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, February 25th. Aercap’s dividend payout ratio (DPR) is presently 7.50%.

Aercap Profile

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.