Dorsey Wright & Associates Takes $2.01 Million Position in Aercap Holdings N.V. $AER

Dorsey Wright & Associates purchased a new stake in shares of Aercap Holdings N.V. (NYSE:AER) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 14,637 shares of the financial services provider’s stock, valued at approximately $2,008,000.

Several other institutional investors have also recently made changes to their positions in AER. Harbor Capital Advisors Inc. purchased a new position in Aercap during the fourth quarter worth about $27,000. Greenline Wealth Management LLC purchased a new stake in shares of Aercap in the 4th quarter valued at about $30,000. Advisory Services Network LLC purchased a new stake in shares of Aercap in the 3rd quarter valued at about $35,000. Cedar Mountain Advisors LLC bought a new stake in shares of Aercap during the 1st quarter valued at about $44,000. Finally, GAMMA Investing LLC boosted its position in shares of Aercap by 36.5% during the 4th quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.

Aercap Stock Performance

Aercap stock opened at $146.94 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34. The company has a market capitalization of $24.52 billion, a PE ratio of 6.44, a P/E/G ratio of 1.02 and a beta of 0.94. The firm has a fifty day simple moving average of $143.08 and a two-hundred day simple moving average of $143.15. Aercap Holdings N.V. has a twelve month low of $105.65 and a twelve month high of $155.99.

Aercap (NYSE:AER) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%.The firm had revenue of $2.30 billion during the quarter. Research analysts expect that Aercap Holdings N.V. will post 17.34 EPS for the current year.

Aercap declared that its board has approved a share buyback plan on Wednesday, April 29th that permits the company to repurchase $1.00 billion in 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 an indication that the company’s leadership believes its stock is undervalued.

Aercap Announces Dividend

The business also recently announced 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. 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 payout ratio is presently 7.01%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AER shares. Truist Financial increased their price target on shares of Aercap from $161.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. TD Cowen lifted their price objective on shares of Aercap from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings upgraded shares of Aercap from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, July 8th. Zacks Research cut Aercap from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Susquehanna increased their target price on Aercap from $170.00 to $176.00 and gave the company a “positive” rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $168.12.

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.