Hsbc Holdings PLC Has $7.73 Million Stock Holdings in AerCap Holdings (NYSE:AER)

Hsbc Holdings PLC raised its stake in shares of AerCap Holdings (NYSE:AER) by 9.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,382 shares of the financial services provider’s stock after purchasing an additional 6,918 shares during the period. Hsbc Holdings PLC’s holdings in AerCap were worth $7,734,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AER. Barclays PLC grew its holdings in AerCap by 95.5% during the third quarter. Barclays PLC now owns 91,707 shares of the financial services provider’s stock valued at $8,687,000 after purchasing an additional 44,797 shares during the last quarter. World Investment Advisors LLC acquired a new position in AerCap during the third quarter valued at approximately $7,507,000. Wilmington Savings Fund Society FSB bought a new position in AerCap during the third quarter worth $2,261,000. Tidal Investments LLC increased its position in AerCap by 271.8% during the third quarter. Tidal Investments LLC now owns 8,496 shares of the financial services provider’s stock worth $805,000 after acquiring an additional 6,211 shares during the period. Finally, Synovus Financial Corp acquired a new position in AerCap during the 3rd quarter valued at $3,141,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Bank of America boosted their price objective on shares of AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Morgan Stanley dropped their price objective on shares of AerCap from $112.00 to $101.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. Susquehanna boosted their price objective on shares of AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a report on Thursday, February 27th. UBS Group downgraded shares of AerCap to an “underperform” rating in a report on Friday, March 7th. Finally, Barclays restated an “overweight” rating and set a $115.00 price objective (up previously from $113.00) on shares of AerCap in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, AerCap currently has a consensus rating of “Moderate Buy” and an average price target of $117.14.

AerCap Stock Performance

NYSE AER opened at $103.82 on Tuesday. The stock has a market cap of $19.39 billion, a P/E ratio of 8.23, a PEG ratio of 2.22 and a beta of 1.46. The company’s 50-day simple moving average is $99.26 and its 200 day simple moving average is $97.43. AerCap Holdings has a twelve month low of $82.21 and a twelve month high of $107.36. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89.

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

AerCap Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th were given a $0.27 dividend. The ex-dividend date was Wednesday, March 12th. This is a positive change from AerCap’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.04%. AerCap’s payout ratio is 9.99%.

AerCap declared that its board has approved a share buyback plan 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 purchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.