KBC Group NV Has $134.72 Million Stock Holdings in Aercap Holdings N.V. $AER

KBC Group NV lifted its position in shares of Aercap Holdings N.V. (NYSE:AER) by 1.2% during the first quarter, HoldingsChannel reports. The firm owned 982,037 shares of the financial services provider’s stock after buying an additional 11,916 shares during the quarter. KBC Group NV’s holdings in Aercap were worth $134,715,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new stake in shares of Aercap in the 4th quarter valued at $27,000. Greenline Wealth Management LLC bought a new position in Aercap during the fourth quarter worth about $30,000. Advisory Services Network LLC acquired a new position in Aercap in the third quarter valued at about $35,000. Cedar Mountain Advisors LLC acquired a new position in Aercap in the first quarter valued at about $44,000. Finally, Geneos Wealth Management Inc. grew its stake in Aercap by 26.6% in the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 94 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

Aercap Price Performance

Shares of NYSE AER opened at $146.94 on Monday. The company has a fifty day moving average price of $143.08 and a 200 day moving average price of $143.14. The firm has a market cap of $24.52 billion, a PE ratio of 6.44, a PEG ratio of 1.02 and a beta of 0.94. 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 Holdings N.V. has a 1-year low of $105.65 and a 1-year high of $155.99.

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. The firm 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%. Research analysts predict that Aercap Holdings N.V. will post 17.39 earnings per share for the current fiscal year.

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

Aercap Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were issued a dividend of $0.40 per share. The ex-dividend date 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 presently 7.01%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AER shares. Barclays raised their price target on Aercap from $164.00 to $179.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Zacks Research lowered Aercap from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Weiss Ratings raised Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, July 8th. TD Cowen raised their target price on shares of Aercap from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Susquehanna raised their target price on shares of Aercap from $170.00 to $176.00 and gave the stock a “positive” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.12.

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.