Raymond James Trust N.A. purchased a new position in Aercap Holdings N.V. (NYSE:AER) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,911 shares of the financial services provider’s stock, valued at approximately $228,000.
Other hedge funds also recently made changes to their positions in the company. Financial Architects Inc grew its stake in shares of Aercap Holdings N.V. by 2.1% in the second quarter. Financial Architects Inc now owns 2,536 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 52 shares during the period. Israel Discount Bank of New York bought a new stake in shares of Aercap Holdings N.V. in the first quarter worth approximately $124,000. Huntington National Bank grew its stake in shares of Aercap Holdings N.V. by 4.8% in the second quarter. Huntington National Bank now owns 2,973 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 136 shares during the period. Atria Investments LLC bought a new stake in shares of Aercap Holdings N.V. in the second quarter worth approximately $211,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Aercap Holdings N.V. in the first quarter worth approximately $271,000. Hedge funds and other institutional investors own 88.94% of the company’s stock.
Aercap Holdings N.V. (NYSE AER) opened at 50.20 on Thursday. The firm’s 50-day moving average is $49.19 and its 200 day moving average is $46.58. Aercap Holdings N.V. has a one year low of $36.38 and a one year high of $50.90. The stock has a market cap of $8.06 billion, a P/E ratio of 7.92 and a beta of 1.85.
Aercap Holdings N.V. (NYSE:AER) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.29. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Aercap Holdings N.V. had a net margin of 22.26% and a return on equity of 14.43%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $1.22 EPS. On average, analysts anticipate that Aercap Holdings N.V. will post $6.08 EPS for the current fiscal year.
Aercap Holdings N.V. announced that its board has initiated a share repurchase plan on Thursday, August 3rd that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
AER has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Credit Suisse Group reiterated a “buy” rating and issued a $56.00 price target on shares of Aercap Holdings N.V. in a research note on Friday, July 7th. Morgan Stanley reduced their price target on shares of Aercap Holdings N.V. from $48.00 to $44.00 in a research note on Tuesday, July 4th. Cowen and Company reiterated a “buy” rating and issued a $54.00 price target on shares of Aercap Holdings N.V. in a research note on Tuesday, July 11th. Finally, Zacks Investment Research upgraded shares of Aercap Holdings N.V. from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Tuesday, August 15th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $57.45.
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In related news, Director James A. Lawrence purchased 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were purchased at an average price of $49.81 per share, with a total value of $4,981,000.00. Following the purchase, the director now owns 53,280 shares of the company’s stock, valued at $2,653,876.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Gradon sold 742 shares of Aercap Holdings N.V. stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.16, for a total transaction of $37,218.72. Following the completion of the sale, the director now directly owns 3,380 shares in the company, valued at approximately $169,540.80. The disclosure for this sale can be found here.
About Aercap Holdings N.V.
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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