Hsbc Holdings PLC Sells 99,330 Shares of Aercap Holdings N.V. $AER

Hsbc Holdings PLC lessened its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 50.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 98,069 shares of the financial services provider’s stock after selling 99,330 shares during the quarter. Hsbc Holdings PLC’s holdings in Aercap were worth $14,099,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. EJMK Ventures LLC purchased a new position in shares of Aercap during the fourth quarter valued at approximately $893,000. Arwa LLC bought a new position in Aercap during the fourth quarter valued at approximately $387,000. Invesco Ltd. boosted its holdings in Aercap by 23.9% in the fourth quarter. Invesco Ltd. now owns 533,899 shares of the financial services provider’s stock worth $76,753,000 after purchasing an additional 102,868 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in Aercap by 33.1% in the fourth quarter. Corient Private Wealth LLC now owns 10,137 shares of the financial services provider’s stock worth $1,441,000 after purchasing an additional 2,520 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in Aercap by 22.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,697 shares of the financial services provider’s stock worth $388,000 after purchasing an additional 490 shares during the period. 96.42% of the stock is currently owned by institutional investors.

Aercap Trading Up 1.3%

Shares of AER stock opened at $149.75 on Friday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market cap of $24.99 billion, a price-to-earnings ratio of 6.56, a PEG ratio of 1.03 and a beta of 0.93. Aercap Holdings N.V. has a 1 year low of $105.65 and a 1 year high of $154.94. The firm has a fifty day moving average price of $141.45 and a 200-day moving average price of $142.50.

Aercap (NYSE:AER) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $5.39 EPS for the quarter. The company had revenue of $2.30 billion for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%. As a group, equities analysts predict that Aercap Holdings N.V. will post 17.23 earnings per share for the current year.

Aercap declared that its board has authorized a share buyback plan on Wednesday, April 29th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Aercap Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th were given a $0.40 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Aercap’s dividend payout ratio is presently 7.01%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AER. TD Cowen boosted their target price on shares of Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Morgan Stanley dropped their price target on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Zacks Research lowered Aercap from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Barclays upped their price objective on Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Truist Financial increased their target price on Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $163.12.

About Aercap

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.