Dai ichi Life Insurance Company Ltd Acquires 6,984 Shares of AerCap Holdings (NYSE:AER)

Dai ichi Life Insurance Company Ltd raised its stake in AerCap Holdings (NYSE:AER) by 131.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,284 shares of the financial services provider’s stock after purchasing an additional 6,984 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in AerCap were worth $913,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AER. Norges Bank bought a new position in shares of AerCap during the 4th quarter worth approximately $145,951,000. Wellington Management Group LLP grew its stake in AerCap by 9.9% in the 3rd quarter. Wellington Management Group LLP now owns 21,028,200 shares of the financial services provider’s stock valued at $1,317,837,000 after purchasing an additional 1,901,459 shares during the period. 59 North Capital Management LP increased its position in shares of AerCap by 123.7% during the 3rd quarter. 59 North Capital Management LP now owns 2,872,302 shares of the financial services provider’s stock valued at $180,007,000 after purchasing an additional 1,588,196 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of AerCap by 32.0% during the 4th quarter. Franklin Resources Inc. now owns 6,090,321 shares of the financial services provider’s stock worth $452,633,000 after purchasing an additional 1,476,236 shares during the period. Finally, Ninety One UK Ltd grew its position in AerCap by 93.0% during the fourth quarter. Ninety One UK Ltd now owns 2,425,602 shares of the financial services provider’s stock valued at $180,271,000 after buying an additional 1,168,628 shares during the period. 96.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on AER. TD Cowen lifted their price objective on shares of AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays upped their price objective on AerCap from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. BMO Capital Markets decreased their target price on AerCap from $103.00 to $101.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. Deutsche Bank Aktiengesellschaft upped their price target on AerCap from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Susquehanna lifted their price objective on AerCap from $90.00 to $100.00 and gave the stock a “positive” rating in a report on Thursday, May 2nd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $96.88.

AerCap Price Performance

Shares of AER traded up $1.27 during midday trading on Friday, hitting $92.49. 844,165 shares of the company traded hands, compared to its average volume of 1,630,735. The stock has a 50-day moving average of $87.13 and a 200-day moving average of $78.67. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.26 and a quick ratio of 0.26. AerCap Holdings has a one year low of $56.52 and a one year high of $93.53. The firm has a market cap of $18.31 billion, a P/E ratio of 6.02, a PEG ratio of 4.06 and a beta of 1.84.

AerCap (NYSE:AER) last posted its earnings results on Wednesday, May 8th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.98. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.95 billion. AerCap had a net margin of 42.78% and a return on equity of 15.29%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.34 EPS. As a group, sell-side analysts predict that AerCap Holdings will post 10.26 EPS for the current fiscal year.

AerCap Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 22nd will be paid a $0.25 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $1.00 dividend on an annualized basis and a yield of 1.08%. AerCap’s dividend payout ratio is currently 6.51%.

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.