2,106 Shares in AerCap Holdings (NYSE:AER) Acquired by Intrust Bank NA

Intrust Bank NA bought a new stake in shares of AerCap Holdings (NYSE:AER) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,106 shares of the financial services provider’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of AerCap by 0.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,192 shares of the financial services provider’s stock valued at $1,837,000 after acquiring an additional 115 shares during the period. Signaturefd LLC lifted its position in AerCap by 3.2% during the fourth quarter. Signaturefd LLC now owns 5,717 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 177 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in AerCap by 3.8% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,322 shares of the financial services provider’s stock valued at $509,000 after purchasing an additional 194 shares during the period. Inspire Advisors LLC increased its position in AerCap by 3.4% in the fourth quarter. Inspire Advisors LLC now owns 6,336 shares of the financial services provider’s stock worth $606,000 after buying an additional 209 shares in the last quarter. Finally, Williamson Legacy Group LLC raised its stake in shares of AerCap by 2.5% in the fourth quarter. Williamson Legacy Group LLC now owns 10,674 shares of the financial services provider’s stock worth $1,022,000 after buying an additional 261 shares during the period. 96.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AER has been the subject of a number of recent research reports. UBS Group downgraded AerCap to an “underperform” rating in a research note on Friday, March 7th. Susquehanna upped their price target on shares of AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research report on Thursday, February 27th. Bank of America raised their price objective on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Finally, Barclays reaffirmed an “overweight” rating and issued a $115.00 target price (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $117.43.

AerCap Price Performance

Shares of NYSE:AER opened at $102.12 on Monday. The firm has a market cap of $19.07 billion, a price-to-earnings ratio of 8.09, a P/E/G ratio of 2.22 and a beta of 1.83. The firm has a fifty day moving average price of $99.60 and a 200 day moving average price of $97.14. AerCap Holdings has a fifty-two week low of $81.93 and a fifty-two week high of $107.36. 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 (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. As a group, sell-side analysts expect that AerCap Holdings will post 11.29 earnings per share for the current fiscal year.

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

AerCap Increases Dividend

The company 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 an increase from AerCap’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.06%. AerCap’s payout ratio is presently 9.99%.

AerCap 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.