Aercap Holdings N.V. (AER) Shares Bought by Ajo LP
Ajo LP boosted its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 46.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,030,970 shares of the financial services provider’s stock after purchasing an additional 328,529 shares during the period. Ajo LP owned about 0.62% of Aercap Holdings N.V. worth $47,868,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Vivaldi Asset Management LLC bought a new position in Aercap Holdings N.V. during the second quarter valued at approximately $6,896,000. Prudential Financial Inc. lifted its position in Aercap Holdings N.V. by 0.7% during the first quarter. Prudential Financial Inc. now owns 16,661 shares of the financial services provider’s stock valued at $766,000 after purchasing an additional 108 shares during the period. Legal & General Group Plc lifted its position in Aercap Holdings N.V. by 0.9% during the second quarter. Legal & General Group Plc now owns 1,049,257 shares of the financial services provider’s stock valued at $48,721,000 after purchasing an additional 9,147 shares during the period. Comerica Bank lifted its position in Aercap Holdings N.V. by 9.2% during the second quarter. Comerica Bank now owns 110,447 shares of the financial services provider’s stock valued at $5,456,000 after purchasing an additional 9,329 shares during the period. Finally, Intrust Bank NA lifted its position in Aercap Holdings N.V. by 25.8% during the second quarter. Intrust Bank NA now owns 36,548 shares of the financial services provider’s stock valued at $1,697,000 after purchasing an additional 7,485 shares during the period. Institutional investors own 88.94% of the company’s stock.
In other Aercap Holdings N.V. news, Director James A. Lawrence acquired 100,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was acquired at an average cost of $49.81 per share, for a total transaction of $4,981,000.00. Following the purchase, the director now owns 53,280 shares in the company, valued at approximately $2,653,876.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Gradon sold 742 shares of Aercap Holdings N.V. stock in a transaction that occurred 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 sale, the director now owns 3,380 shares of the company’s stock, valued at $169,540.80. The disclosure for this sale can be found here.
A number of brokerages recently weighed in on AER. Zacks Investment Research upgraded shares of Aercap Holdings N.V. from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Tuesday, August 15th. 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. Royal Bank Of Canada restated a “buy” rating and set a $77.00 price objective on shares of Aercap Holdings N.V. in a research report on Friday, August 4th. Cowen and Company restated 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. Finally, 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. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $57.45.
Shares of Aercap Holdings N.V. (AER) opened at 49.58 on Wednesday. The stock has a market capitalization of $7.96 billion, a PE ratio of 7.82 and a beta of 1.85. The firm’s 50-day moving average is $49.11 and its 200-day moving average is $46.41. Aercap Holdings N.V. has a one year low of $36.38 and a one year high of $50.90.
Aercap Holdings N.V. (NYSE:AER) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.38 by $0.29. Aercap Holdings N.V. had a net margin of 22.26% and a return on equity of 14.43%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the business posted $1.22 EPS. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts expect that Aercap Holdings N.V. will post $6.08 earnings per share for the current fiscal year.
Aercap Holdings N.V. announced that its Board of Directors has approved a stock repurchase plan on Thursday, August 3rd that allows the company to buyback $250.00 million in shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
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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.
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