AerCap Holdings (NYSE:AER) Stock Position Lessened by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. reduced its stake in shares of AerCap Holdings (NYSE:AER) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,367 shares of the financial services provider’s stock after selling 304 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in AerCap were worth $5,586,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. New Age Alpha Advisors LLC acquired a new position in AerCap during the 4th quarter valued at about $216,000. Norges Bank acquired a new position in shares of AerCap during the fourth quarter valued at approximately $218,517,000. JPMorgan Chase & Co. raised its holdings in AerCap by 43.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,599,032 shares of the financial services provider’s stock worth $153,027,000 after purchasing an additional 483,428 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in AerCap by 8.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 140,104 shares of the financial services provider’s stock worth $13,440,000 after purchasing an additional 10,987 shares during the period. Finally, Korea Investment CORP boosted its stake in AerCap by 48.7% during the 4th quarter. Korea Investment CORP now owns 143,080 shares of the financial services provider’s stock valued at $13,693,000 after purchasing an additional 46,844 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AER shares. Barclays restated 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 upped their price target on shares of AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a report on Thursday, February 27th. Bank of America lifted their price objective on shares of AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, UBS Group lowered shares of AerCap to an “underperform” rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, AerCap presently has a consensus rating of “Moderate Buy” and an average price target of $117.43.

AerCap Stock Performance

Shares of AER opened at $102.38 on Wednesday. AerCap Holdings has a 52 week low of $81.93 and a 52 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. The company has a market capitalization of $19.12 billion, a PE ratio of 8.11, a PEG ratio of 2.22 and a beta of 1.83. The company’s 50 day moving average price is $99.86 and its 200 day moving average price is $97.27.

AerCap (NYSE:AER) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $1.97 billion. Research analysts expect that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This is an increase from AerCap’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.05%. AerCap’s dividend payout ratio (DPR) is 9.99%.

AerCap declared that its board has approved a share repurchase program on Wednesday, February 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 4.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board 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.