Cinctive Capital Management LP Raises Position in AerCap Holdings (NYSE:AER)

Cinctive Capital Management LP grew its holdings in shares of AerCap Holdings (NYSE:AER) by 33.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,121 shares of the financial services provider’s stock after purchasing an additional 20,430 shares during the quarter. Cinctive Capital Management LP’s holdings in AerCap were worth $7,763,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in AerCap by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 230,945 shares of the financial services provider’s stock worth $21,875,000 after buying an additional 643 shares during the period. FMR LLC lifted its position in shares of AerCap by 1.3% during the third quarter. FMR LLC now owns 1,737,476 shares of the financial services provider’s stock worth $164,574,000 after acquiring an additional 22,346 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of AerCap in the third quarter worth $66,000. Benjamin Edwards Inc. purchased a new position in shares of AerCap in the third quarter valued at $413,000. Finally, Centiva Capital LP bought a new stake in shares of AerCap during the 3rd quarter valued at $572,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Susquehanna lifted their target price on AerCap from $108.00 to $120.00 and gave the company a “positive” rating in a report on Thursday, February 27th. Bank of America boosted their price objective on shares of AerCap from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, March 7th. UBS Group cut shares of AerCap to an “underperform” rating in a research note on Friday, March 7th. Finally, Barclays reissued an “overweight” rating and issued a $115.00 price target (up 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 given a hold rating and six have given a buy rating to the company. According to MarketBeat, AerCap currently has an average rating of “Moderate Buy” and a consensus price target of $117.43.

AerCap Price Performance

Shares of AerCap stock opened at $102.38 on Wednesday. The business’s 50-day moving average price is $99.86 and its 200-day moving average price is $97.27. The firm has a market capitalization of $19.12 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 2.22 and a beta of 1.83. AerCap Holdings has a 12 month low of $81.93 and a 12 month high of $107.36. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89.

AerCap (NYSE:AER) last posted its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $3.31 EPS for the quarter, topping 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 firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.97 billion. Sell-side analysts forecast that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap Increases Dividend

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

AerCap announced that its board has authorized a share repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management 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.