Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its stake in shares of AerCap Holdings (NYSE:AER) by 9.3% in the 4th quarter, HoldingsChannel reports. The fund owned 17,481 shares of the financial services provider’s stock after selling 1,783 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in AerCap were worth $921,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. American Trust Investment Advisors LLC grew its holdings in AerCap by 5.7% during the 4th quarter. American Trust Investment Advisors LLC now owns 51,055 shares of the financial services provider’s stock worth $2,686,000 after acquiring an additional 2,775 shares in the last quarter. US Bancorp DE lifted its position in shares of AerCap by 5.7% in the 4th quarter. US Bancorp DE now owns 79,785 shares of the financial services provider’s stock worth $4,198,000 after buying an additional 4,268 shares during the last quarter. Aperio Group LLC lifted its position in shares of AerCap by 6.9% in the 4th quarter. Aperio Group LLC now owns 215,975 shares of the financial services provider’s stock worth $11,362,000 after buying an additional 13,856 shares during the last quarter. Telemus Capital LLC lifted its position in shares of AerCap by 4.0% in the 4th quarter. Telemus Capital LLC now owns 25,449 shares of the financial services provider’s stock worth $1,339,000 after buying an additional 989 shares during the last quarter. Finally, Comerica Bank lifted its position in shares of AerCap by 35.9% in the 4th quarter. Comerica Bank now owns 143,009 shares of the financial services provider’s stock worth $7,801,000 after buying an additional 37,751 shares during the last quarter. 85.34% of the stock is owned by institutional investors.

A number of research analysts have recently issued reports on AER shares. Citigroup started coverage on shares of AerCap in a research report on Friday, December 8th. They issued a “neutral” rating and a $57.00 price target on the stock. Wells Fargo & Co set a $62.00 price target on shares of AerCap and gave the stock a “buy” rating in a research report on Friday, December 15th. Zacks Investment Research upgraded shares of AerCap from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Royal Bank of Canada reduced their price target on shares of AerCap from $77.00 to $74.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 14th. Finally, UBS Group raised their price target on shares of AerCap from $44.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $57.30.

Shares of AerCap Holdings (NYSE:AER) opened at $51.66 on Wednesday. The firm has a market cap of $8,193.12, a PE ratio of 7.62, a P/E/G ratio of 0.69 and a beta of 1.80. AerCap Holdings has a 52-week low of $42.35 and a 52-week high of $55.67. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.42 and a quick ratio of 0.42.

AerCap announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 2nd that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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About AerCap

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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Institutional Ownership by Quarter for AerCap (NYSE:AER)

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