Bridges Investment Management Inc. Sells 4,876 Shares of Aercap Holdings N.V. $AER

Bridges Investment Management Inc. decreased its holdings in Aercap Holdings N.V. (NYSE:AER) by 35.7% in the fourth quarter, Holdings Channel reports. The firm owned 8,790 shares of the financial services provider’s stock after selling 4,876 shares during the quarter. Bridges Investment Management Inc.’s holdings in Aercap were worth $1,264,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wedmont Private Capital increased its holdings in shares of Aercap by 3.9% in the 4th quarter. Wedmont Private Capital now owns 1,979 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 74 shares in the last quarter. Argentarii LLC increased its holdings in shares of Aercap by 2.8% in the 4th quarter. Argentarii LLC now owns 2,793 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 77 shares in the last quarter. Savant Capital LLC increased its holdings in shares of Aercap by 2.4% in the 3rd quarter. Savant Capital LLC now owns 3,417 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 80 shares in the last quarter. Huntington National Bank increased its holdings in shares of Aercap by 11.7% in the 3rd quarter. Huntington National Bank now owns 895 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 94 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Aercap by 26.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 94 shares in the last quarter. Institutional investors own 96.42% of the company’s stock.

Aercap Stock Performance

NYSE:AER opened at $134.29 on Thursday. The stock has a 50-day simple moving average of $140.95 and a two-hundred day simple moving average of $141.63. Aercap Holdings N.V. has a 52-week low of $105.65 and a 52-week high of $154.94. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market capitalization of $22.41 billion, a PE ratio of 5.88, a P/E/G ratio of 0.94 and a beta of 0.93.

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

Aercap announced that its board has initiated a stock buyback plan on Wednesday, April 29th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Aercap Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, May 13th. Aercap’s payout ratio is currently 7.01%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AER. Truist Financial lifted their target price on Aercap from $159.00 to $161.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Zacks Research downgraded Aercap from a “strong-buy” rating to a “hold” rating in a research note on Monday. Barclays raised their price target on Aercap from $162.00 to $164.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings downgraded Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft set a $175.00 price target on Aercap and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Aercap presently has a consensus rating of “Moderate Buy” and an average target price of $163.13.

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.