AerCap Holdings (NYSE:AER) Receives Consensus Rating of “Moderate Buy” from Analysts

AerCap Holdings (NYSE:AER) has been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $113.83.

AER has been the topic of several research analyst reports. 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. Barclays restated an “overweight” rating and issued a $115.00 price objective on shares of AerCap in a report on Thursday.

Hedge Funds Weigh In On AerCap

Several institutional investors have recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new position in AerCap in the 4th quarter valued at about $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of AerCap during the fourth quarter worth about $1,079,000. Vise Technologies Inc. grew its position in shares of AerCap by 121.0% during the fourth quarter. Vise Technologies Inc. now owns 6,314 shares of the financial services provider’s stock worth $604,000 after buying an additional 3,457 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of AerCap by 22.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,608,099 shares of the financial services provider’s stock worth $249,595,000 after buying an additional 485,999 shares in the last quarter. Finally, Woodline Partners LP grew its position in shares of AerCap by 23.2% during the fourth quarter. Woodline Partners LP now owns 128,311 shares of the financial services provider’s stock worth $12,279,000 after buying an additional 24,198 shares in the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Stock Up 0.7 %

Shares of AER opened at $102.24 on Thursday. The firm has a market cap of $20.24 billion, a P/E ratio of 8.10, a price-to-earnings-growth ratio of 2.22 and a beta of 1.81. AerCap has a 12-month low of $76.00 and a 12-month high of $107.36. The company’s 50-day moving average price is $97.01 and its 200 day moving average price is $95.94. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89.

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

AerCap Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be given a $0.27 dividend. This is an increase from AerCap’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.06%. AerCap’s payout ratio is currently 7.92%.

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

About AerCap

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.