AerCap Holdings NV (AER) Shares Gap Down on Insider Selling
AerCap Holdings NV (NYSE:AER) shares gapped down before the market opened on Wednesday following insider selling activity. The stock had previously closed at $47.22, but opened at $45.46. AerCap Holdings NV shares last traded at $43.90, with a volume of 4,864,476 shares traded.
Specifically, Director Michael Gradon sold 1,091 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $44.57, for a total value of $48,625.87. Following the transaction, the director now owns 4,122 shares in the company, valued at $183,717.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Several equities analysts have recently weighed in on the company. FBR & Co restated a “buy” rating on shares of AerCap Holdings NV in a research report on Monday. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $55.00 price target on shares of AerCap Holdings NV in a report on Thursday, November 17th. TheStreet raised AerCap Holdings NV from a “hold” rating to a “buy” rating in a report on Wednesday, November 9th. DA Davidson reaffirmed a “buy” rating and issued a $52.00 price target on shares of AerCap Holdings NV in a report on Wednesday, November 9th. Finally, Stephens began coverage on AerCap Holdings NV in a report on Tuesday, November 1st. They issued an “overweight” rating and a $64.00 price target for the company. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $55.77.
The firm has a market capitalization of $7.83 billion, a P/E ratio of 8.98 and a beta of 1.65. The stock has a 50 day moving average of $41.55 and a 200-day moving average of $38.67.
AerCap Holdings NV (NYSE:AER) last posted its earnings results on Tuesday, November 8th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.24. AerCap Holdings NV had a return on equity of 14.06% and a net margin of 18.48%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the company earned $1.64 EPS. AerCap Holdings NV’s revenue was down 7.3% on a year-over-year basis. Equities analysts expect that AerCap Holdings NV will post $6.21 EPS for the current year.
A number of large investors have recently bought and sold shares of AER. Daiwa Securities Group Inc. raised its stake in AerCap Holdings NV by 5.5% in the second quarter. Daiwa Securities Group Inc. now owns 63,170 shares of the company’s stock worth $2,122,000 after buying an additional 3,320 shares during the last quarter. Parametrica Management Ltd bought a new stake in AerCap Holdings NV during the second quarter worth about $361,000. LS Investment Advisors LLC raised its stake in AerCap Holdings NV by 17.9% in the second quarter. LS Investment Advisors LLC now owns 4,184 shares of the company’s stock worth $141,000 after buying an additional 634 shares during the last quarter. 1st Global Advisors Inc. raised its stake in AerCap Holdings NV by 19.9% in the second quarter. 1st Global Advisors Inc. now owns 22,359 shares of the company’s stock worth $751,000 after buying an additional 3,713 shares during the last quarter. Finally, Hartford Investment Management Co. bought a new stake in AerCap Holdings NV during the second quarter worth about $298,000. 85.71% of the stock is currently owned by hedge funds and other institutional investors.
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AerCap Holdings NV 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. The Company operates its business on a global basis, leasing aircraft to customers in various geographical region.
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