Donald Smith & CO. Inc. Lowers Stake in Aercap Holdings N.V. $AER

Donald Smith & CO. Inc. lowered its holdings in Aercap Holdings N.V. (NYSE:AER) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,082,705 shares of the financial services provider’s stock after selling 41,823 shares during the period. Aercap accounts for 8.3% of Donald Smith & CO. Inc.’s portfolio, making the stock its largest holding. Donald Smith & CO. Inc.’s holdings in Aercap were worth $443,170,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AER. Integrated Wealth Concepts LLC increased its stake in Aercap by 19.0% in the first quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock valued at $271,000 after acquiring an additional 423 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Aercap by 282.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,659 shares of the financial services provider’s stock valued at $680,000 after acquiring an additional 4,919 shares during the period. Geneos Wealth Management Inc. increased 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. Invesco Ltd. increased its stake in Aercap by 43.3% in the second quarter. Invesco Ltd. now owns 459,459 shares of the financial services provider’s stock valued at $53,757,000 after acquiring an additional 138,843 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Aercap by 59.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,143 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 425 shares during the period. Institutional investors own 96.42% of the company’s stock.

Aercap Price Performance

Shares of Aercap stock opened at $134.58 on Thursday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $22.46 billion, a price-to-earnings ratio of 5.90, a P/E/G ratio of 0.97 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’s 50-day moving average price is $141.12 and its two-hundred day moving average price is $141.75.

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

Aercap announced that its board has approved a stock 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 repurchase up to 4.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Aercap Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AER. Susquehanna upped their price objective on shares of Aercap from $165.00 to $170.00 and gave the stock a “positive” rating in a research note on Thursday, April 30th. TD Cowen upped their price objective on shares of Aercap from $170.00 to $175.00 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 note on Tuesday, May 26th. Morgan Stanley decreased their price objective on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Finally, Truist Financial upped their price objective 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. Eight 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.