Robotti Robert Acquires 11,635 Shares of AerCap Holdings (NYSE:AER)

Robotti Robert grew its stake in shares of AerCap Holdings (NYSE:AER) by 13.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 99,536 shares of the financial services provider’s stock after purchasing an additional 11,635 shares during the period. AerCap comprises approximately 1.2% of Robotti Robert’s portfolio, making the stock its 17th biggest position. Robotti Robert’s holdings in AerCap were worth $8,651,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AER. Franklin Resources Inc. boosted its holdings in AerCap by 32.0% during the fourth 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 last quarter. Donald Smith & CO. Inc. increased its position in shares of AerCap by 0.3% during the 1st quarter. Donald Smith & CO. Inc. now owns 4,080,070 shares of the financial services provider’s stock valued at $354,599,000 after purchasing an additional 10,670 shares during the last quarter. Ninety One UK Ltd raised its stake in shares of AerCap by 93.0% during the 4th quarter. Ninety One UK Ltd now owns 2,425,602 shares of the financial services provider’s stock worth $180,271,000 after purchasing an additional 1,168,628 shares during the period. Norges Bank purchased a new position in shares of AerCap in the 4th quarter worth about $145,951,000. Finally, Artisan Partners Limited Partnership purchased a new position in shares of AerCap in the 4th quarter worth about $137,412,000. 96.42% of the stock is owned by hedge funds and other institutional investors.

AerCap Price Performance

Shares of AerCap stock traded up $0.21 on Monday, hitting $93.79. 1,836,872 shares of the company traded hands, compared to its average volume of 1,542,410. AerCap Holdings has a 12-month low of $57.30 and a 12-month high of $98.79. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 2.70. The company has a market cap of $18.56 billion, a P/E ratio of 6.10, a P/E/G ratio of 2.24 and a beta of 1.83. The firm’s 50-day simple moving average is $93.05 and its 200 day simple moving average is $86.10.

AerCap (NYSE:AER) last announced its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $3.29 EPS for the quarter, beating the consensus estimate of $2.31 by $0.98. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.95 billion. AerCap had a return on equity of 15.29% and a net margin of 42.78%. The company’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.34 EPS. Analysts expect that AerCap Holdings will post 10.61 earnings per share for the current fiscal year.

AerCap Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Wednesday, May 22nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.00 annualized dividend and a yield of 1.07%. AerCap’s payout ratio is 6.51%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. TD Cowen reaffirmed a “buy” rating and issued a $125.00 price target on shares of AerCap in a report on Monday. Morgan Stanley assumed coverage on AerCap in a research note on Friday, June 7th. They issued an “equal weight” rating and a $103.00 target price for the company. Barclays upped their price target on AerCap from $94.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of AerCap from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Susquehanna boosted their price target on shares of AerCap from $90.00 to $100.00 and gave the company a “positive” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.44.

AerCap Profile

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.