Mitsubishi UFJ Asset Management Co. Ltd. Raises Position in AerCap Holdings (NYSE:AER)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in AerCap Holdings (NYSE:AER) by 8.5% in the 4th quarter, HoldingsChannel reports. The firm owned 140,104 shares of the financial services provider’s stock after acquiring an additional 10,987 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in AerCap were worth $13,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Toth Financial Advisory Corp purchased a new stake in AerCap in the fourth quarter worth about $29,000. Fortitude Family Office LLC bought a new position in shares of AerCap during the 4th quarter valued at approximately $38,000. Quantbot Technologies LP bought a new stake in AerCap during the 3rd quarter worth approximately $66,000. TD Private Client Wealth LLC purchased a new position in AerCap during the third quarter valued at approximately $78,000. Finally, Eagle Bay Advisors LLC boosted its position in shares of AerCap by 1,148.5% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,261 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 1,160 shares during the period. 96.42% of the stock is owned by institutional investors.

AerCap Trading Down 0.0 %

Shares of NYSE AER opened at $102.14 on Tuesday. AerCap Holdings has a 1-year low of $81.93 and a 1-year high of $107.36. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The business’s 50 day moving average is $99.73 and its two-hundred day moving average is $97.21. The stock has a market capitalization of $19.08 billion, a P/E ratio of 8.09, a PEG ratio of 2.22 and a beta of 1.83.

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. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.97 billion. AerCap had a return on equity of 13.98% and a net margin of 32.38%. As a group, research analysts expect that AerCap Holdings will post 11.29 EPS for the current year.

AerCap declared that its board has initiated a share buyback plan on Wednesday, February 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 4.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

AerCap Increases Dividend

The firm also recently announced 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. This is a boost from AerCap’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.06%. AerCap’s dividend payout ratio is currently 9.99%.

Wall Street Analyst Weigh In

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

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.