Norges Bank Makes New Investment in Aercap Holdings N.V. $AER

by · The Cerbat Gem

Norges Bank bought a new position in shares of Aercap Holdings N.V. (NYSE:AER – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,449,721 shares of the financial services provider’s stock, valued at approximately $352,172,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in shares of Aercap in the 4th quarter valued at about $27,000. Advisory Services Network LLC bought a new stake in shares of Aercap during the third quarter worth approximately $35,000. GAMMA Investing LLC raised its position in shares of Aercap by 36.5% in the fourth quarter. GAMMA Investing LLC now owns 359 shares of the financial services provider’s stock valued at $52,000 after buying an additional 96 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Aercap by 26.6% in the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after buying an additional 94 shares in the last quarter. Finally, Leonteq Securities AG acquired a new stake in shares of Aercap in the fourth quarter valued at approximately $68,000. Institutional investors own 96.42% of the company’s stock.

Aercap Price Performance

AER opened at $136.30 on Tuesday. Aercap Holdings N.V. has a 1 year low of $105.65 and a 1 year high of $154.94. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24. The firm’s fifty day moving average price is $140.93 and its two-hundred day moving average price is $141.68. The company has a market capitalization of $22.74 billion, a price-to-earnings ratio of 5.97, a P/E/G ratio of 0.98 and a beta of 0.95.

Aercap (NYSE:AER – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. The business had revenue of $2.30 billion during the quarter. As a group, analysts anticipate that Aercap Holdings N.V. will post 17.23 earnings per share for the current fiscal year.

Aercap announced that its Board of Directors has initiated a share buyback program on Wednesday, April 29th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Aercap Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, May 13th. Aercap’s dividend payout ratio is presently 7.01%.

Wall Street Analysts Forecast Growth

AER has been the subject of several research analyst reports. Truist Financial boosted their price objective on shares of Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. TD Cowen boosted their price objective on shares of Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Susquehanna upped their price target on shares of Aercap from $165.00 to $170.00 and gave the company a “positive” rating in a research report on Thursday, April 30th. Zacks Research raised shares of Aercap from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft set a $175.00 price objective on shares of Aercap and gave the company a “buy” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $163.13.

Check Out Our Latest Stock Analysis on Aercap

Aercap Profile

(Free Report)

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.

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