Bank of New York Mellon Corp Trims Stake in Aercap Holdings N.V. (AER)

Bank of New York Mellon Corp lessened its holdings in shares of Aercap Holdings N.V. (NYSE:AER) by 10.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 373,615 shares of the financial services provider’s stock after selling 43,160 shares during the quarter. Bank of New York Mellon Corp owned about 0.22% of Aercap Holdings N.V. worth $17,347,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its position in shares of Aercap Holdings N.V. by 2,870.3% during the first quarter. BlackRock Inc. now owns 6,888,129 shares of the financial services provider’s stock worth $316,648,000 after purchasing an additional 6,656,229 shares in the last quarter. Cambiar Investors LLC lifted its position in shares of Aercap Holdings N.V. by 7.1% during the second quarter. Cambiar Investors LLC now owns 6,617,207 shares of the financial services provider’s stock worth $307,237,000 after purchasing an additional 438,622 shares in the last quarter. State Street Corp lifted its position in shares of Aercap Holdings N.V. by 3.8% during the first quarter. State Street Corp now owns 3,700,205 shares of the financial services provider’s stock worth $170,098,000 after purchasing an additional 134,789 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Aercap Holdings N.V. by 21.5% during the first quarter. Bank of America Corp DE now owns 3,522,267 shares of the financial services provider’s stock worth $161,918,000 after purchasing an additional 623,585 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in shares of Aercap Holdings N.V. by 9.6% during the second quarter. Wedge Capital Management L L P NC now owns 2,078,371 shares of the financial services provider’s stock worth $96,499,000 after purchasing an additional 181,589 shares in the last quarter. 88.94% of the stock is currently owned by institutional investors and hedge funds.

In other Aercap Holdings N.V. news, Director Michael Gradon sold 742 shares of Aercap Holdings N.V. stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $50.16, for a total transaction of $37,218.72. Following the sale, the director now directly owns 3,380 shares in the company, valued at approximately $169,540.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aengus Kelly sold 100,000 shares of Aercap Holdings N.V. stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $49.87, for a total value of $4,987,000.00. Following the sale, the chief executive officer now owns 2,231,875 shares in the company, valued at $111,303,606.25. The disclosure for this sale can be found here.

AER has been the topic of several research reports. Morgan Stanley reduced their price target on shares of Aercap Holdings N.V. from $48.00 to $44.00 in a research report on Tuesday, July 4th. BidaskClub lowered shares of Aercap Holdings N.V. from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. ValuEngine lowered shares of Aercap Holdings N.V. from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Credit Suisse Group restated a “buy” rating and set a $56.00 target price on shares of Aercap Holdings N.V. in a research note on Wednesday, May 24th. Finally, Cowen and Company restated a “buy” rating and set a $54.00 target price on shares of Aercap Holdings N.V. in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $57.45.

Aercap Holdings N.V. (NYSE:AER) opened at 49.24 on Tuesday. The firm has a 50-day moving average of $49.16 and a 200 day moving average of $46.55. Aercap Holdings N.V. has a 52 week low of $36.38 and a 52 week high of $50.90. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of 7.77 and a beta of 1.85.

Aercap Holdings N.V. (NYSE:AER) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.29. Aercap Holdings N.V. had a return on equity of 14.43% and a net margin of 22.26%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business earned $1.22 EPS. Aercap Holdings N.V.’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts anticipate that Aercap Holdings N.V. will post $6.08 EPS for the current year.

Aercap Holdings N.V. announced that its board has initiated a stock repurchase program on Thursday, August 3rd that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

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Aercap Holdings N.V. Profile

AerCap Holdings N.V. is an independent aircraft leasing company. The Company focuses on acquiring in-demand aircraft, funding them, hedging interest rate risk and using its platform to deploy these assets. It operates its business on a global basis, leasing aircraft to customers in various geographical regions.

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Institutional Ownership by Quarter for Aercap Holdings N.V. (NYSE:AER)

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