Tower View Wealth Management LLC Acquires 637 Shares of AerCap Holdings (NYSE:AER)

Tower View Wealth Management LLC boosted its holdings in AerCap Holdings (NYSE:AER) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,700 shares of the financial services provider’s stock after purchasing an additional 637 shares during the period. Tower View Wealth Management LLC’s holdings in AerCap were worth $1,790,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of AerCap by 1,037.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,954 shares of the financial services provider’s stock valued at $945,000 after acquiring an additional 9,079 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of AerCap by 161.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 20,786 shares of the financial services provider’s stock valued at $1,969,000 after acquiring an additional 12,822 shares during the period. Americana Partners LLC grew its position in shares of AerCap by 29.3% in the 3rd quarter. Americana Partners LLC now owns 14,710 shares of the financial services provider’s stock valued at $1,393,000 after acquiring an additional 3,336 shares during the period. Janney Montgomery Scott LLC grew its position in shares of AerCap by 3.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 422,775 shares of the financial services provider’s stock valued at $40,045,000 after acquiring an additional 13,426 shares during the period. Finally, National Pension Service grew its position in shares of AerCap by 77.7% in the 3rd quarter. National Pension Service now owns 559,846 shares of the financial services provider’s stock valued at $53,029,000 after acquiring an additional 244,766 shares during the period. Institutional investors own 96.42% of the company’s stock.

AerCap Stock Performance

NYSE AER opened at $103.14 on Friday. The firm has a 50-day moving average of $97.37 and a 200-day moving average of $96.06. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The stock 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. AerCap Holdings has a 52-week low of $76.14 and a 52-week high of $107.36.

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

AerCap announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 4.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

AerCap Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be paid a $0.27 dividend. This is a boost from AerCap’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, March 12th. This represents a $1.08 annualized dividend and a yield of 1.05%. AerCap’s payout ratio is 9.99%.

Analyst Ratings Changes

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

AerCap Company 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.