Oppenheimer Asset Management Inc. Has $3.16 Million Holdings in AerCap Holdings (NYSE:AER)

Oppenheimer Asset Management Inc. trimmed its stake in AerCap Holdings (NYSE:AER) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,987 shares of the financial services provider’s stock after selling 648 shares during the period. Oppenheimer Asset Management Inc.’s holdings in AerCap were worth $3,157,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AER. Toth Financial Advisory Corp acquired a new stake in shares of AerCap in the fourth quarter valued at about $29,000. Truvestments Capital LLC bought a new stake in AerCap in the third quarter valued at approximately $35,000. Fortitude Family Office LLC acquired a new stake in AerCap during the 4th quarter valued at approximately $38,000. Transamerica Financial Advisors Inc. bought a new position in AerCap during the 3rd quarter worth approximately $64,000. Finally, Quantbot Technologies LP acquired a new position in shares of AerCap in the 3rd quarter worth approximately $66,000. 96.42% of the stock is owned by institutional investors.

AerCap Stock Up 0.6 %

Shares of NYSE AER opened at $103.14 on Friday. AerCap Holdings has a 12-month low of $76.14 and a 12-month high of $107.36. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89. The firm has a market cap of $20.42 billion, a PE ratio of 8.17, a P/E/G ratio of 2.22 and a beta of 1.81. The company’s fifty day simple moving average is $97.37 and its 200 day simple moving average is $96.06.

AerCap (NYSE:AER) last released its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.75. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.97 billion. As a group, sell-side analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap announced that its board has initiated a stock repurchase plan on Wednesday, February 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 4.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

AerCap Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.27 per share. This is an increase from AerCap’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.05%. AerCap’s payout ratio is currently 9.99%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $119.00 price objective on shares of AerCap in a research report on Thursday, November 21st. Susquehanna increased their price target on AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a report on Thursday. Finally, Barclays reissued an “overweight” rating and issued a $115.00 price objective (up from $113.00) on shares of AerCap in a research note on Thursday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $116.17.

AerCap Profile

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.