London Co. of Virginia Reduces Holdings in Aercap Holdings N.V. $AER

London Co. of Virginia reduced its stake in Aercap Holdings N.V. (NYSE:AER) by 9.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,761,384 shares of the financial services provider’s stock after selling 280,763 shares during the period. Aercap accounts for 2.3% of London Co. of Virginia’s holdings, making the stock its 7th biggest holding. London Co. of Virginia owned about 1.65% of Aercap worth $396,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in Aercap in the 4th quarter worth about $27,000. Greenline Wealth Management LLC bought a new position in Aercap in the 4th quarter worth about $30,000. Advisory Services Network LLC bought a new position in Aercap in the 3rd quarter worth about $35,000. Geneos Wealth Management Inc. grew its stake in 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 acquiring an additional 94 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Aercap by 36.5% in the 4th quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 96 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Truist Financial upped their target price on shares of Aercap from $159.00 to $161.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings cut shares of Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, May 26th. Morgan Stanley lowered their price target on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their price target on shares of Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Susquehanna increased their target price on shares of Aercap from $165.00 to $170.00 and gave the company a “positive” rating in a research report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.13.

Aercap Trading Up 1.0%

NYSE AER opened at $142.87 on Wednesday. The company has a fifty day simple moving average of $141.26 and a two-hundred day simple moving average of $141.99. The stock has a market cap of $23.84 billion, a P/E ratio of 6.26, a P/E/G ratio of 0.99 and a beta of 0.93. Aercap Holdings N.V. has a 12-month low of $105.65 and a 12-month high of $154.94. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34.

Aercap (NYSE:AER) last posted 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 net margin of 45.22% and a return on equity of 16.01%. On average, analysts forecast that Aercap Holdings N.V. will post 17.23 earnings per share for the current year.

Aercap Announces Dividend

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

Aercap declared that its board has initiated a share buyback program on Wednesday, April 29th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.