SVB Wealth LLC Makes New Investment in AerCap Holdings (NYSE:AER)

SVB Wealth LLC bought a new stake in AerCap Holdings (NYSE:AER) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,084 shares of the financial services provider’s stock, valued at approximately $391,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AER. Toth Financial Advisory Corp bought a new stake in AerCap in the 4th quarter valued at $29,000. Truvestments Capital LLC bought a new stake in shares of AerCap in the third quarter valued at about $35,000. Fortitude Family Office LLC bought a new stake in shares of AerCap in the fourth quarter valued at about $38,000. Transamerica Financial Advisors Inc. acquired a new position in shares of AerCap in the third quarter valued at about $64,000. Finally, Quantbot Technologies LP bought a new position in AerCap during the third quarter worth about $66,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on AER shares. Barclays reissued an “overweight” rating and issued a $115.00 price objective (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. Susquehanna increased their price target on AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $119.00 price objective on shares of AerCap in a research note on Thursday, November 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $116.17.

AerCap Stock Performance

Shares of AerCap stock opened at $98.59 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The company has a market cap of $18.41 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 2.22 and a beta of 1.81. The company has a 50 day moving average of $97.49 and a 200-day moving average of $96.15. AerCap Holdings has a 1-year low of $77.35 and a 1-year high of $107.36.

AerCap (NYSE:AER) last issued its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.75. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.97 billion. As a group, equities research analysts forecast that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

AerCap Increases Dividend

The firm 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 represents a $1.08 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, March 12th. This is a boost from AerCap’s previous quarterly dividend of $0.25. AerCap’s payout ratio is currently 9.99%.

AerCap announced that its board has authorized a share repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management 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.