Henry James International Management Inc. Increases Position in AerCap Holdings (NYSE:AER)

Henry James International Management Inc. increased its stake in AerCap Holdings (NYSE:AER) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126,007 shares of the financial services provider’s stock after acquiring an additional 361 shares during the period. AerCap comprises about 4.3% of Henry James International Management Inc.’s holdings, making the stock its 5th largest holding. Henry James International Management Inc.’s holdings in AerCap were worth $12,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. SVB Wealth LLC bought a new stake in shares of AerCap in the fourth quarter worth about $391,000. Oppenheimer & Co. Inc. lifted its holdings in AerCap by 28.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 46,499 shares of the financial services provider’s stock worth $4,450,000 after buying an additional 10,273 shares during the period. New York Life Investment Management LLC grew its position in shares of AerCap by 25.2% in the 4th quarter. New York Life Investment Management LLC now owns 4,430 shares of the financial services provider’s stock worth $424,000 after buying an additional 891 shares during the last quarter. Todd Asset Management LLC increased its stake in shares of AerCap by 1.1% during the fourth quarter. Todd Asset Management LLC now owns 523,978 shares of the financial services provider’s stock valued at $50,145,000 after buying an additional 5,595 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of AerCap by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 446,303 shares of the financial services provider’s stock valued at $42,711,000 after acquiring an additional 4,222 shares in the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AER. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 target price on shares of AerCap in a research note on Thursday, November 21st. Barclays reaffirmed an “overweight” rating and set a $115.00 price objective (up from $113.00) on shares of AerCap in a research report on Thursday. Finally, Susquehanna increased their target price on AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.17.

AerCap Trading Up 0.6 %

NYSE:AER opened at $103.14 on Friday. The firm has a market capitalization of $20.42 billion, a P/E ratio of 8.17, a PEG ratio of 2.22 and a beta of 1.81. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. AerCap Holdings has a one year low of $76.14 and a one year high of $107.36. The company’s 50-day simple moving average is $97.20 and its 200 day simple moving average is $95.98.

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

AerCap declared that its Board of Directors has initiated a share buyback program on Wednesday, February 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 4.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

AerCap Increases Dividend

The business 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 $0.27 dividend. This is a boost from AerCap’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, March 12th. AerCap’s dividend payout ratio is currently 9.99%.

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.