Boothbay Fund Management LLC Has $10.89 Million Holdings in Aercap Holdings N.V. $AER

Boothbay Fund Management LLC cut its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 5.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 75,768 shares of the financial services provider’s stock after selling 4,631 shares during the quarter. Boothbay Fund Management LLC’s holdings in Aercap were worth $10,892,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Caisse de depot et placement du Quebec acquired a new stake in Aercap during the 4th quarter worth about $32,648,000. AQR Capital Management LLC boosted its position in Aercap by 29.1% during the 4th quarter. AQR Capital Management LLC now owns 83,950 shares of the financial services provider’s stock worth $12,069,000 after acquiring an additional 18,948 shares during the period. Lazard Asset Management LLC boosted its position in Aercap by 32.5% during the 4th quarter. Lazard Asset Management LLC now owns 107,866 shares of the financial services provider’s stock worth $15,507,000 after acquiring an additional 26,473 shares during the period. ION Fund Management Ltd acquired a new stake in Aercap during the 4th quarter worth about $38,096,000. Finally, Equitable Holdings Inc. boosted its position in Aercap by 8.2% during the 4th quarter. Equitable Holdings Inc. now owns 14,647 shares of the financial services provider’s stock worth $2,106,000 after acquiring an additional 1,106 shares during the period. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Aercap Stock Up 0.8%

Shares of Aercap stock opened at $144.06 on Thursday. The firm has a market cap of $24.04 billion, a price-to-earnings ratio of 6.31, a P/E/G ratio of 1.00 and a beta of 0.93. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24. Aercap Holdings N.V. has a 52-week low of $105.65 and a 52-week high of $154.94. The stock has a 50-day simple moving average of $141.31 and a 200-day simple moving average of $142.07.

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

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

Aercap Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have commented on AER. TD Cowen raised their price objective on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Morgan Stanley decreased their price objective on Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Barclays lifted their price target on Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Susquehanna lifted their price target on Aercap from $165.00 to $170.00 and gave the company a “positive” rating in a report on Thursday, April 30th. Finally, Weiss Ratings lowered Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, May 26th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Aercap currently has a consensus rating of “Moderate Buy” and an average price target of $163.13.

Aercap Company 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.