Thompson Siegel & Walmsley LLC Cuts Stock Position in AerCap Holdings (NYSE:AER)

Thompson Siegel & Walmsley LLC trimmed its position in shares of AerCap Holdings (NYSE:AER) by 1.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,625,932 shares of the financial services provider’s stock after selling 19,488 shares during the period. AerCap makes up approximately 2.4% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its largest holding. Thompson Siegel & Walmsley LLC’s holdings in AerCap were worth $155,602,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays reiterated an “overweight” rating and set a $115.00 target price (up from $113.00) on shares of AerCap in a report on Thursday, February 27th. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price objective on shares of AerCap in a report on Thursday, November 21st. Bank of America boosted their target price on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, March 7th. UBS Group lowered shares of AerCap to an “underperform” rating in a research note on Friday, March 7th. Finally, Susquehanna boosted their price objective on shares of AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $117.43.

AerCap Stock Down 0.3 %

AER opened at $97.07 on Thursday. The firm has a 50-day simple moving average of $97.91 and a two-hundred day simple moving average of $96.35. AerCap Holdings has a 52 week low of $81.93 and a 52 week high of $107.36. The company has a market capitalization of $18.13 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 2.22 and a beta of 1.83. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89.

AerCap (NYSE:AER) last released its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, beating 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 the consensus estimate of $1.97 billion. Analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Wednesday, March 12th. This is an increase from AerCap’s previous quarterly dividend of $0.25. AerCap’s dividend payout ratio is 9.99%.

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

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.