Brandywine Global Investment Management LLC Raises Stock Holdings in AerCap Holdings (NYSE:AER)

Brandywine Global Investment Management LLC boosted its stake in shares of AerCap Holdings (NYSE:AER) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,269,433 shares of the financial services provider’s stock after buying an additional 23,285 shares during the quarter. AerCap accounts for about 0.9% of Brandywine Global Investment Management LLC’s holdings, making the stock its 23rd biggest holding. Brandywine Global Investment Management LLC owned approximately 0.64% of AerCap worth $121,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in AER. Toth Financial Advisory Corp acquired a new stake in AerCap in the 4th quarter valued at approximately $29,000. Fortitude Family Office LLC purchased a new position in shares of AerCap during the fourth quarter worth $38,000. Quantbot Technologies LP acquired a new stake in shares of AerCap in the third quarter valued at $66,000. TD Private Client Wealth LLC purchased a new stake in shares of AerCap in the 3rd quarter valued at $78,000. Finally, Eagle Bay Advisors LLC lifted its stake in AerCap by 1,148.5% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 1,160 shares in the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AER has been the topic of several research reports. UBS Group cut shares of AerCap to an “underperform” rating in a research report on Friday, March 7th. Susquehanna increased their target price on shares of AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a report on Thursday, February 27th. Bank of America increased their price objective on AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, Barclays reiterated an “overweight” rating and set a $115.00 price target (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $117.43.

AerCap Stock Down 0.6 %

AER opened at $102.12 on Friday. The stock has a market capitalization of $19.07 billion, a P/E ratio of 8.09, a price-to-earnings-growth ratio of 2.22 and a beta of 1.83. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. AerCap Holdings has a one year low of $81.93 and a one year high of $107.36. The business’s 50-day simple moving average is $99.60 and its 200-day simple moving average is $97.11.

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

AerCap announced that its board has authorized a share repurchase program on Wednesday, February 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 4.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

AerCap Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.06%. This is a boost from AerCap’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, March 12th. AerCap’s dividend payout ratio is presently 9.99%.

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.