Sei Investments Co. Has $61.86 Million Stake in AerCap Holdings (NYSE:AER)

Sei Investments Co. reduced its holdings in shares of AerCap Holdings (NYSE:AER) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 646,391 shares of the financial services provider’s stock after selling 37,511 shares during the period. Sei Investments Co.’s holdings in AerCap were worth $61,860,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Toth Financial Advisory Corp bought a new stake in shares of AerCap during the 4th quarter valued at about $29,000. Truvestments Capital LLC acquired a new position in AerCap in the third quarter valued at approximately $35,000. Fortitude Family Office LLC bought a new position in shares of AerCap during the 4th quarter worth approximately $38,000. Transamerica Financial Advisors Inc. acquired a new stake in shares of AerCap during the 3rd quarter worth approximately $64,000. Finally, Quantbot Technologies LP bought a new stake in shares of AerCap in the 3rd quarter valued at $66,000. 96.42% of the stock is owned by institutional investors.

AerCap Stock Performance

Shares of AER opened at $102.13 on Monday. 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 stock has a 50 day moving average price of $98.89 and a two-hundred day moving average price of $96.73. The firm has a market capitalization of $19.08 billion, a P/E ratio of 8.09, a P/E/G ratio of 2.22 and a beta of 1.83.

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

AerCap Increases Dividend

The company 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 dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.06%. This is a boost from AerCap’s previous quarterly dividend of $0.25. AerCap’s dividend payout ratio (DPR) is currently 9.99%.

AerCap announced that its board has initiated 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 reacquire up to 4.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages recently issued reports on AER. Barclays reissued an “overweight” rating and set a $115.00 target price (up from $113.00) on shares of AerCap in a research note on Thursday, February 27th. UBS Group downgraded AerCap to an “underperform” rating in a research note on Friday, March 7th. Bank of America boosted their target price on AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Finally, Susquehanna raised their price objective on AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $117.43.

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.