AerCap Holdings NV (AER) Stake Reduced by Eagle Asset Management Inc.
Eagle Asset Management Inc. lowered its stake in AerCap Holdings NV (NYSE:AER) by 0.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 654,203 shares of the company’s stock after selling 1,609 shares during the period. Eagle Asset Management Inc. owned approximately 0.35% of AerCap Holdings NV worth $25,180,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cooke & Bieler LP boosted its position in shares of AerCap Holdings NV by 4.9% in the second quarter. Cooke & Bieler LP now owns 2,552,174 shares of the company’s stock valued at $85,727,000 after buying an additional 119,126 shares during the last quarter. Royal Bank of Canada boosted its position in shares of AerCap Holdings NV by 8.1% in the second quarter. Royal Bank of Canada now owns 1,021,427 shares of the company’s stock valued at $34,310,000 after buying an additional 76,433 shares during the last quarter. Cambiar Investors LLC boosted its position in shares of AerCap Holdings NV by 13.6% in the second quarter. Cambiar Investors LLC now owns 4,754,026 shares of the company’s stock valued at $159,688,000 after buying an additional 567,529 shares during the last quarter. Todd Asset Management LLC boosted its position in shares of AerCap Holdings NV by 14.7% in the second quarter. Todd Asset Management LLC now owns 553,695 shares of the company’s stock valued at $18,599,000 after buying an additional 70,978 shares during the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in shares of AerCap Holdings NV during the first quarter valued at about $1,304,000. Institutional investors own 90.82% of the company’s stock.
AerCap Holdings NV (NYSE:AER) traded down 0.84% during trading on Monday, hitting $43.92. 1,501,690 shares of the stock traded hands. The stock has a market cap of $7.84 billion, a P/E ratio of 8.98 and a beta of 1.65. AerCap Holdings NV has a 12 month low of $24.61 and a 12 month high of $46.32. The firm’s 50-day moving average is $41.72 and its 200-day moving average is $38.71.
AerCap Holdings NV (NYSE:AER) last released its earnings results on Tuesday, November 8th. The company reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.24. AerCap Holdings NV had a net margin of 18.48% and a return on equity of 14.06%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm earned $1.64 earnings per share. The business’s quarterly revenue was down 7.3% compared to the same quarter last year. On average, analysts forecast that AerCap Holdings NV will post $6.21 EPS for the current year.
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AER has been the topic of several recent research reports. FBR & Co reiterated a “hold” rating and set a $40.00 target price on shares of AerCap Holdings NV in a report on Monday, September 19th. Credit Suisse Group AG restated a “buy” rating and issued a $55.00 price target on shares of AerCap Holdings NV in a report on Thursday, November 17th. Royal Bank Of Canada raised their price target on shares of AerCap Holdings NV from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. TheStreet upgraded shares of AerCap Holdings NV from a “hold” rating to a “buy” rating in a report on Wednesday, November 9th. Finally, Stephens began coverage on shares of AerCap Holdings NV in a report on Tuesday, November 1st. They issued an “overweight” rating and a $64.00 price target on the stock. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $55.77.
In related news, Director Michael Gradon sold 1,091 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $44.57, for a total transaction of $48,625.87. Following the sale, the director now directly owns 4,122 shares in the company, valued at $183,717.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
About AerCap Holdings NV
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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