Aercap Holdings N.V. (AER) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 20.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,866 shares of the financial services provider’s stock after selling 10,345 shares during the quarter. Alliancebernstein L.P.’s holdings in Aercap Holdings N.V. were worth $1,897,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AER. BlackRock Inc. increased its position in Aercap Holdings N.V. by 2,870.3% during the 1st quarter. BlackRock Inc. now owns 6,888,129 shares of the financial services provider’s stock valued at $316,648,000 after purchasing an additional 6,656,229 shares during the period. Bank of Montreal Can increased its position in Aercap Holdings N.V. by 213.9% during the 2nd quarter. Bank of Montreal Can now owns 1,078,899 shares of the financial services provider’s stock valued at $50,094,000 after purchasing an additional 735,151 shares during the period. Thompson Siegel & Walmsley LLC increased its position in Aercap Holdings N.V. by 55.3% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,043,859 shares of the financial services provider’s stock valued at $94,896,000 after purchasing an additional 728,189 shares during the period. Cambiar Investors LLC increased its position in Aercap Holdings N.V. by 7.1% during the 2nd quarter. Cambiar Investors LLC now owns 6,617,207 shares of the financial services provider’s stock valued at $307,237,000 after purchasing an additional 438,622 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in Aercap Holdings N.V. by 33.3% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,196,400 shares of the financial services provider’s stock valued at $55,549,000 after purchasing an additional 298,681 shares during the period. 88.86% of the stock is currently owned by institutional investors and hedge funds.

Shares of Aercap Holdings N.V. (NYSE AER) opened at 52.33 on Thursday. The stock has a 50 day moving average of $50.62 and a 200-day moving average of $47.52. The stock has a market capitalization of $8.40 billion, a P/E ratio of 8.25 and a beta of 1.86. Aercap Holdings N.V. has a 52-week low of $38.69 and a 52-week high of $52.64.

Aercap Holdings N.V. (NYSE:AER) last released its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.29. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. Aercap Holdings N.V. had a return on equity of 14.43% and a net margin of 22.26%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.22 earnings per share. Analysts predict that Aercap Holdings N.V. will post $6.10 EPS for the current fiscal year.

Aercap Holdings N.V. declared that its board has initiated a stock 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. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

A number of brokerages have issued reports on AER. Zacks Investment Research downgraded shares of Aercap Holdings N.V. from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. BidaskClub downgraded shares of Aercap Holdings N.V. from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 15th. Cowen and Company reissued a “buy” rating and set a $54.00 price objective on shares of Aercap Holdings N.V. in a research report on Tuesday, July 11th. Barclays PLC began coverage on shares of Aercap Holdings N.V. in a research report on Monday, July 10th. They set an “overweight” rating and a $61.00 price objective on the stock. Finally, Morgan Stanley reduced their price objective on shares of Aercap Holdings N.V. from $48.00 to $44.00 in a research report on Tuesday, July 4th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $57.55.

In other Aercap Holdings N.V. news, Director Michael Gradon sold 742 shares of Aercap Holdings N.V. stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $50.16, for a total value of $37,218.72. Following the transaction, the director now owns 3,380 shares in the company, valued at $169,540.80. The transaction was disclosed in a legal filing 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 dated Friday, August 4th. The shares were sold at an average price of $49.87, for a total value of $4,987,000.00. Following the completion of the transaction, the chief executive officer now owns 2,231,875 shares in the company, valued at approximately $111,303,606.25. The disclosure for this sale can be found here.

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Aercap Holdings N.V. Company 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.

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

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