Hsbc Holdings PLC Sells 99,330 Shares of Aercap Holdings N.V. $AER

by · The Cerbat Gem

Hsbc Holdings PLC trimmed its position in shares of Aercap Holdings N.V. (NYSE:AER – Free Report) by 50.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,069 shares of the financial services provider’s stock after selling 99,330 shares during the period. Hsbc Holdings PLC’s holdings in Aercap were worth $14,099,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC raised its position in shares of Aercap by 19.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,649 shares of the financial services provider’s stock valued at $271,000 after buying an additional 423 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Aercap by 282.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,659 shares of the financial services provider’s stock worth $680,000 after acquiring an additional 4,919 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Aercap by 26.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 94 shares in the last quarter. Invesco Ltd. increased its stake in Aercap by 43.3% in the second quarter. Invesco Ltd. now owns 459,459 shares of the financial services provider’s stock valued at $53,757,000 after acquiring an additional 138,843 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Aercap by 59.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,143 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 425 shares in the last quarter. 96.42% of the stock is owned by institutional investors.

Aercap Stock Performance

Shares of Aercap stock opened at $151.04 on Wednesday. The company’s 50 day moving average price is $142.36 and its two-hundred day moving average price is $142.93. The firm has a market capitalization of $25.20 billion, a P/E ratio of 6.62, a P/E/G ratio of 1.07 and a beta of 0.94. Aercap Holdings N.V. has a fifty-two week low of $105.65 and a fifty-two week high of $155.99. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24.

Aercap (NYSE:AER – Get Free Report) last announced its quarterly earnings results 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 company had revenue of $2.30 billion during the quarter. On average, equities analysts forecast 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 approved a share buyback plan on Wednesday, April 29th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Aercap Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, May 13th. Aercap’s dividend payout ratio is presently 7.01%.

Analyst Ratings Changes

A number of brokerages have weighed in on AER. Barclays raised their target price on Aercap from $164.00 to $179.00 and gave the company an “overweight” rating in a report on Tuesday. Morgan Stanley dropped their price objective on Aercap from $160.00 to $155.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Weiss Ratings lowered Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. Truist Financial lifted their target price on Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, TD Cowen boosted their target price on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $165.75.

Read Our Latest Stock Analysis on Aercap

About Aercap

(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.

See Also

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