Williamson Legacy Group LLC Buys 261 Shares of AerCap Holdings (NYSE:AER)

Williamson Legacy Group LLC raised its stake in AerCap Holdings (NYSE:AER) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,674 shares of the financial services provider’s stock after acquiring an additional 261 shares during the quarter. Williamson Legacy Group LLC’s holdings in AerCap were worth $1,022,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Darsana Capital Partners LP bought a new stake in shares of AerCap during the third quarter worth $94,720,000. TOMS Capital Investment Management LP acquired a new position in shares of AerCap during the third quarter valued at $60,526,000. KBC Group NV lifted its stake in shares of AerCap by 137.8% during the fourth quarter. KBC Group NV now owns 834,452 shares of the financial services provider’s stock valued at $79,857,000 after acquiring an additional 483,564 shares during the period. State Street Corp lifted its stake in shares of AerCap by 8.3% during the third quarter. State Street Corp now owns 4,862,517 shares of the financial services provider’s stock valued at $460,579,000 after acquiring an additional 370,906 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of AerCap by 5.3% during the third quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider’s stock valued at $545,726,000 after acquiring an additional 282,980 shares during the period. 96.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AER shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 price target on shares of AerCap in a research note on Thursday, November 21st. Susquehanna upped their price target on AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a research note on Thursday. Finally, Barclays reaffirmed an “overweight” rating and set a $115.00 price target (up previously from $113.00) on shares of AerCap in a research note on Thursday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, AerCap currently has an average rating of “Moderate Buy” and an average price target of $116.17.

AerCap Trading Up 0.6 %

NYSE:AER opened at $103.14 on Friday. AerCap Holdings has a 1-year low of $76.14 and a 1-year high of $107.36. The business’s 50-day moving average price is $97.20 and its two-hundred day moving average price is $95.98. 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 firm has a market capitalization of $20.42 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 2.22 and a beta of 1.81.

AerCap (NYSE:AER) last released its earnings results 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. 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 analyst estimates of $1.97 billion. On average, equities analysts expect that AerCap Holdings will post 11.29 earnings per share for the current year.

AerCap Increases Dividend

The business also recently announced 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 a positive change from AerCap’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, March 12th. This represents a $1.08 annualized dividend and a yield of 1.05%. AerCap’s dividend payout ratio is presently 9.99%.

AerCap announced that its board has approved a share buyback program on Wednesday, February 26th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 4.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

AerCap Company 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.